J.P. Morgan is serving as exclusive financial advisor to Thoma Bravo and Barracuda. Ensure compliance with safe learning regulations. This is technology M&A deal number 372 that MSSP Alert and sister site ChannelE2E have covered so far in 2022. Cautionary Statement Regarding Forward-Looking Statements This press release contains forward-looking statements, including, but not limited to, statements regarding the potential timing and benefits of a transaction, the value and effectiveness of Barracuda's products, the introduction and timing of product enhancements or additional products, Barracuda's growth, expansion and market leadership and the expected completion and timing of the acquisition transaction and other information relating to the transaction, that involve risks, uncertainties, assumptions and other factors which, if they do not materialize or prove correct, could cause the actual results to differ materially from those expressed or implied by such forward-looking statements. Get started in minutes. Getting started is easy. About Barracuda Networks, Inc. (NYSE: CUDA) Barracuda simplifies IT with cloud-enabled solutions that empower customers to protect their networks, applications and data, regardless of where they reside. Promptly after filing its definitive proxy statement with the Securities and Exchange Commission (the SEC), the Company will mail the definitive proxy statement and a proxy card to each stockholder entitled to vote at the special meeting relating to the merger. KKR feels that the management team has done a phenomenal job. Thoma Bravo, LLC., a leading private equity investment firm, today announced that it has completed its acquisition of Barracuda Networks, Inc. in an all-cash transaction valued at $1.6 billion. We see a tremendous opportunity for long-term growth as these businesses continue to invest more in cybersecurity and we look forward to helping Barracuda scale and deliver next generation products that meet this growing need., Over the course of Thoma Bravos four-year partnership, Barracuda has solidified its position as an industry leader in cloud-first cybersecurity software, said Seth Boro, a Managing Partner at Thoma Bravo. Simpson Thacher & Bartlett LLP is serving as legal counsel to KKR. J.P. Morgan is serving as exclusive financial advisor to Thoma Bravo and Barracuda. KKR is a leading global investment firm that offers alternative asset management as well as capital markets and insurance solutions. These beliefs, assumptions and expectations can change as a result of many possible events or factors, not all of which are known to KKR or are within its control. Thoma Bravo is one of the largest private equity firms in the world, with more than $103 billion in assets under management as of December 31, 2021. Barracuda will implement KKR's broad-based employee ownership program, which makes all employees owners in their respective businesses alongside KKR. For additional information about KKR & Co. Inc. (NYSE: KKR), please visit KKRs website at www.kkr.com and on Twitter @KKR_Co. Nous nous engageons collecter gratuitement votre ancien meuble chez vous pour toute acquisition d'un meuble neuf livr chez vous. Supported by our Lead Development team, you will balance receiving . Thoma Bravo invests with a particular focus on application and infrastructure software and technology enabled services. More than 200,000 organizations worldwide trust Barracuda to protect them in ways they may not even know they are at risk so they can focus on taking their business to the next level. Leveraging the firms deep sector expertise and proven strategic and operational capabilities, Thoma Bravo collaborates with its portfolio companies to implement operating best practices, drive growth initiatives and make accretive acquisitions intended to accelerate revenue and earnings. We protect email, networks, data, and applications with innovative solutions that grow and adapt with our customers journey. The firm currently manages a series of private equity and debt funds representing more than $17.0 billion of capital commitments. Since 2011, KKR has awarded billions of dollars of total equity value to over 45,000 non-management employees across more than 25 companies. Jonelle Elam Get protection that goes beyond next-generation firewalls. Complete Web Application and API Protection (WAAP) platform to secure your workloads in the cloud. propos de nous: Depuis plus de 10 ans, le Centre dentaire le Perrot (CDIP) est ddi votre sant bucco-dentaire. KKRs insurance subsidiaries offer retirement, life and reinsurance products under the management of Global Atlantic Financial Group. This site uses cookies to provide you with a more responsive and personalized service. View source version on businesswire.com: https://www.businesswire.com/news/home/20220412005856/en/, For Barracuda Networks:Jonelle Elam408-813-7762jelam@barracuda.com, For KKR:Julia Kosygina212-750-8300media@kkr.com, For Thoma Bravo:Megan FrankThoma Bravomfrank@thomabravo.com 212-731-4778, Nicky BryanFinsbury Glover Hering646-436-6126Nicky.bryan@fgh.com, https://www.businesswire.com/news/home/20220412005856/en/, Death toll in strike on Ukraine's Zaporizhzhia rises to 11 - officials, UPDATE 1-Bankman-Fried can have flip phone, limited internet while on bail, US proposes, China's economy, government revamp in focus as parliament set to open, The U.S. government is turning up the heat on TikTok here's the latest, Bankman-Fried can have flip phone, limited internet while on bail, US proposes. . Stop zero-hour and advanced attacks that evade traditional detection techniques. We protect email, networks, data, and applications with innovative solutions that grow and adapt with our customers' journey. Your email address will not be published. All contents 2023 MSSP Alert and After Nines Inc. CAMPBELL, Calif., July 13, 2021 Barracuda Networks, Inc. , a trusted partner and leading provider of cloud-enabled security solutions, today announced it has completed its acquisition of SKOUT Cybersecurity, a Melville, NY-based leader in cyber-as-a-service software for Managed Service Providers (MSPs) and provider of an extended detection and Past performance is not necessarily indicative of future results. KKR aims to generate attractive investment returns by following a patient and disciplined investment approach, employing world-class people, and supporting growth in its portfolio companies and communities. We are very pleased with the results of our acquisition strategy. All forward-looking statements speak only as of the date they are made. Actual results may differ materially from those projected in such statements due to various factors, including, but not limited to, (i)the risk that the transaction may not be consummated in a timely manner, if at all; (ii)the risk that the transaction may not be consummated and that, in certain circumstances, the Company may not be entitled to a termination fee; (iii)the risk that the definitive merger agreement may be terminated in circumstances that require the Company to pay a termination fee; (iv)risks related to the diversion of management's attention from the Company's ongoing business operations; (v)risks regarding the failure of the relevant Thoma Bravo affiliate to obtain the necessary financing to complete the transaction; (vi)the effect of the announcement of the transaction on the Company's business relationships (including, without limitation, customers and suppliers), operating results and business generally; and (vii)risks related to obtaining the requisite consents to the transaction, including, without limitation, the timing (including possible delays) and receipt of regulatory approvals from various domestic and foreign governmental entities (including any conditions, limitations or restrictions placed on these approvals) and the risk that one or more governmental entities may deny approval. This presentation contains certain forward-looking statements pertaining to KKR & Co. Inc. and its consolidated subsidiaries (collectively KKR), including certain investment funds, vehicles and accounts that are managed by KKR (each, a fund). Barracuda's Board of Directors unanimously approved the agreement, and believes the transaction maximizes shareholder value. Nicky.bryan@fgh.com, Craig Larson Get started in minutes. We believe every business deserves access to cloud-enabled, enterprise-grade security solutions that are easy to buy, deploy, and use. We believe that with the support of KKR, we will continue to invest in growth and foster a culture that gives our team the resources and inspiration to continue to create and deliver the next generation of leading cybersecurity solutions for our customers and partners, said Hatem Naguib, CEO of Barracuda. The cybersecurity vendor said its proposed purchase . I expect that our employees, customers, and partners will benefit from this partnership. This is technology M&A deal number 372 that MSSP Alert and sister site ChannelE2Ehave covered so far in 2022. But MSPs have been a top go-to-market channel for Barracuda since about 2016 or so. More than 200,000 organizations worldwide trust Barracuda to protect them in ways they may not even know they are at risk so they can focus on taking their business to the next level. 408-813-7762 Barracuda Networks, Inc. , a trusted partner and leading provider of cloud-enabled security solutions, today announced it has completed its acquisition of SKOUT Cybersecurity, a Melville, NY -based leader in cyber-as-a-service software for Managed Service Providers (MSPs) and provider of an extended detection and response (XDR) platform and KKR aims to generate attractive investment returns by following a patient and disciplined investment approach, employing world-class people, and supporting growth in its portfolio companies and communities. Barracuda will implement KKR's broad-based employee ownership program, which makes all employees owners in their respective businesses alongside KKR. Barracuda has completed its acquisition of SKOUT Cybersecurity, a Melville, NY-based leader in cyber-as-a-service software for Managed Service Providers (MSPs) and provider of an extended detection and response (XDR) platform and service. "Barracuda has been a tremendous partner over the last four years and has experienced strong product, customer and revenue growth," said Chip Virnig, a Partner at Thoma Bravo. KKR is a leading global investment firm that offers alternative asset management as well as capital markets and insurance solutions. While Barracudas acquisition in 2013 by Thoma Bravo helped the company a lot in transforming itself into a cloud-first company with a modern comprehensive portfolio, they think KKR is even better situated to Barracudas current stage of the growth cycle. Protect students and faculty from ransomware and other cyber attacks. media@kkr.com, For Thoma Bravo: Campbell, Calif. (September 29, 2015) - Barracuda Networks, Inc. (NYSE: CUDA) today announced it has entered into a definitive agreement to acquire privately held Intronis, Inc. (Intronis), a leader in providing data protection solutions to managed service providers (MSPs), a fast-growing channel delivering IT services to small and medium-sized We believe every business deserves access to cloud-first, enterprise-grade security solutions that are easy to buy, deploy, and use. Shareholders to Receive $27.55 per Share in Cash. KKRs insurance subsidiaries offer retirement, life and reinsurance products under the management of Global Atlantic Financial Group. From multiple acquisitions to backend improvements, Barracuda has delivered tremendous value to its customers and partners.. https://www.businesswire.com/news/home/20220412005856/en/. References to KKRs investments may include the activities of its sponsored funds and insurance subsidiaries. Guggenheim Securities, DBO Partners and Barclays served as financial advisors to KKR. in an all-cash transaction valued at $1.6 billion. Hello, everyone, and welcome to Zoom's Q4 FY '23 Earnings Release Webinar. There has been an evolution in these PE [private equity] partners, and which is the best fit for a company comes down to where the company is in their lifecycle, said Hatem Naguib, CEO of Barracuda. Given its proven track record of growth and innovation, we believe that Barracuda has the right team and model to capture business in this growing market.. Barracuda anticipates that subsequent events and developments will cause its views to change. Get WAF protection in minutes with our application security service. The transaction is anticipated to close by the end of the year, subject to customary conditions. Protect patient data and avoid disruptions that could affect patient care. Autel; Lonsdor; Obdstar; Tango; Topdon; Xhorse; Xtool; Partes de cerraduras automotrices . NEW YORK, NY and SAN FRANCISCO, CA - April 12, 2022 - KKR, a leading global investment firm, today announced the signing of a definitive agreement under which KKR's investment funds will purchase Barracuda Networks Inc. ("Barracuda" or "the Company"), a leading provider of cloud-first security solutions, from Thoma Bravo, a leading software This book was released on 1997 with total page 268 pages. Previous investments included Ping, Cylance, DarkTrace, ForgeRock, NetSPI and Optiv, among others, the investor notes. The firm has offices in Chicago, Miami and San Francisco. The firm has offices in Chicago, Miami and San Francisco. Barracuda's expertise includes security operations centers (SOCs) for MSPs. - Collaborate with . Were here to help you protect and support your customers for life with enterprise-grade, cloud-ready security solutions. The firm has offices in Chicago, Miami and San Francisco. SKOUT is based in Melville, NY. ", "We continue to see cybersecurity as a highly attractive sector and are excited to back a clear leader in the space," said John Park, Head of Americas Technology Private Equity at KKR. 2016 - 20182 . Barracuda shareholders of record will receive $27.55 in cash for each share of Barracuda common stock they hold. During Thoma Bravos ownership, Barracuda expanded and enhanced its product suite, implemented best-in-class operational processes and successfully executed a number of strategic acquisitions, which together propelled the Company to profitable and accelerating growth at over $500mm of revenue and enabled more customers to comprehensively protect their employees, applications, networks and data. Barracuda went public on the New York Stock Exchange (NYSE) in late 2013, pricing its IPO at $18 and raising $75 million in the process. Barracuda Networks, Inc., a trusted partner and leading provider of cloud-enabled security solutions, announced it has completed its acquisition of SKOUT Cybersecurity, a Melville, NY-based leader in cyber-as-a-service software for Managed Service Providers (MSPs) and provider of an extended detection and response (XDR) platform and service. According to the statement released today, Broadway will use the acquisition to further expand its product suite. We are seeking talented, motivated sales performers who thrive in quick sales cycle environment. Weve been thrilled with the team we got with that. Managed detection and response [MDR] extended detection and response [XDR], and secure access service edge [SASE] technology will be the focus of these acquisition efforts going forward. Financial terms of the transaction were not disclosed. We are very appreciative of Thoma Bravos support and very excited to be working with KKR on this next phase of Barracudas journey.. BARRACUDA ACQUISITIONCO, INC. is a Delaware Domestic Corporation filed on August 9, 2021. Privacy Policy |Website Terms & Conditions. Facebook. Come Join Our Passionate Team! Financing for the transaction is being provided by Goldman Sachs & Co. LLC, Credit Suisse, and UBS Investment Bank. Guggenheim Securities, DBO Partners and Barclays are serving as financial advisors to KKR. Over the past 20 years, the firm has acquired or invested in more than 375 companies representing over $190 billion in enterprise value. KKR is a leading global investment firm that offers alternative asset management as well as capital markets and insurance solutions. Job ID: 23-831. Forward-looking statements relate to expectations, beliefs, projections, future plans and strategies, anticipated events or trends and similar expressions concerning matters that are not historical facts. Talent Acquisition Specialist jobs 2,414 open jobs Director of Education jobs 1,408 open jobs Estate Manager jobs 1,098 open jobs . Accept the License Agreement, and click Next. [32] In February 2018 Thoma Bravo announced that it has completed the acquisition. Thoma Bravo UK LLP is an Appointed Representative of Sapia Partners LLP which is regulated and authorised by the Financial Conduct Authority (FCA). Since 2011, KKR has awarded billions of dollars of total equity value to over 45,000 non-management employees across more than 25 companies. We are all very aligned with the strategy we are heading into now, as opposed to the reset we did when we came in from private ownership.. About Thoma Bravo, LLC Thoma Bravo is a leading private equity investment firm building on a 30+ year history of providing equity and strategic support to experienced management teams and growing companies. Its the same company, he said. More recently, key Barracuda moves include buying Skout Cybersecurity for MSP-focused security operations center capabilities. KKR & Co. announced Tuesday it's agreed to buy Barracuda from Thoma Bravo LP. Complete security that stops all 13 email threat types and protects Microsoft 365 data. San Francisco, CA 94105 +1 (415) 263-3660. Hatem Naguib, CEO of Barracuda. document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); Managed Security Services Providers (MSSP) News, Analysis and Cybersecurity Research. The transaction is expected to close by the end of the year, so obviously nothing will happen until then, but Naguib said that partners shouldnt expect any unpleasant surprises when the deal does go through. More than 200,000 customers worldwide count on Barracuda to protect their email, networks, applications, and data. We see a tremendous opportunity for long-term growth as these businesses continue to invest more in cybersecurity and we look forward to helping Barracuda scale and deliver next generation products that meet this growing need., Over the course of Thoma Bravos four-year partnership, Barracuda has solidified its position as an industry leader in cloud-first cybersecurity software, said Seth Boro, a Managing Partner at Thoma Bravo. KKR sponsors investment funds that invest in private equity, credit and real assets and has strategic partners that manage hedge funds. If configured, it is required to shut down the NAC Client and make certain configuration changes. The firm has offices in Chicago, Miami and San Francisco. Botes Exhibidores; Llaveros; Anualidades para Equipos. Over the past 20 years, the firm has acquired or invested in more than 375 companies representing over $190 billion in enterprise value. Barracuda has since grown into a business that generates over $500 million in annual revenue, KKR said. NEW YORK & SAN FRANCISCO, April 12, 2022 -- ( BUSINESS WIRE )--KKR, a leading global investment firm, today announced the signing of a definitive agreement under which KKR's investment funds will. We believe that Barracuda is at the forefront of innovation in several highly strategic areas of the cybersecurity market and are excited to be the companys partner in the next phase of its growth.. To the extent the Company's directors and executive officers' holdings of the Company's securities have changed since the amounts printed in the Company's proxy statement, such changes have been or will be reflected on Statements of Change in Ownership on Form 4 filed with the SEC.