KKR to Acquire Barracuda Networks - Yahoo! 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 Notify me of followup comments via e-mail. [] Security business Barracuda Networks acquired for $1.6 billion. Article | Barracuda Networks 2022 Kohlberg Kravis Roberts & Co. L.P. All Rights Reserved. More information about Thoma Bravo can be found atwww.thomabravo.com. Barracuda Completes Acquisition of SKOUT Cybersecurity 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. Outside US: +1 (212) 230-9410 KKR buys Barracuda Networks from private equity firm Thoma Bravo. 2003 - 2022 Barracuda Networks, Inc. All rights reserved. Broadway Acquires Barracuda FX, Strengthens Senior FX Team Register for a free trial. | Barracuda Networks This isn't ION's first acquisition in the FX realm. Security business Barracuda Networks acquired for $1.6 billion KKR does not undertake any obligation to update any forward-looking statements to reflect circumstances or events that occur after the date on which such statements were made except as required by law. Barracuda Email ProtectionComplete security that stops all 13 email threat types and protects Microsoft 365 data. For more information, visit www.thomabravo.com. Barracuda Networks, 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. 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. For more information, visit barracuda.com. All forward-looking statements speak only as of the date they are made. To get growth, you have to invest.. References to KKRs investments may include the activities of its sponsored funds and insurance subsidiaries. Acquired by Kohlberg Kravis Roberts Campbell, California, United States 501-1000 Grant Delisted www.barracuda.com 15,945 Highlights Acquisitions 13 Investments 5 Exits 3 Total Funding Amount $46.4M Contacts 530 Employee Profiles 35 Click Next to continue. 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 "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. Protect all your email, SharePoint, OneDrive, and Teams data with protection that goes far beyond what is built into Microsoft 365. Get security and networking solutions that are deployed natively in Microsoft Azure. Now we are out of that transformation and into a growth phase. KKR Scooping Up Barracuda Networks from Thoma Bravo for $4 Billion For more information, visit www.thomabravo.com. This price exceeds Barracuda's 52-week high and represents a premium of 22.5 percent to the Company's 10-day average stock price prior to Nov. 27, 2017, of $22.49. Naguib confirmed that the existing Barracuda leadership team will not be going anywhere with the ownership change. View source version on businesswire.com: https://www.businesswire.com/news/home/20220816005239/en/, For Barracuda Networks:Jonelle Elam408-813-7762jelam@barracuda.com, For KKR:Julia Kosygina212-750-8300media@kkr.com, For Thoma Bravo:Thoma Bravo CommunicationsMegan Frank(212)-731-4778mfrank@thomabravo.com, FGS Global:Nicky Bryan(646)-436-6126nicky.bryan@fgsglobal.com, https://www.businesswire.com/news/home/20220816005239/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. NEW YORK & SAN FRANCISCO- (BUSINESS WIRE)-KKR, a leading global investment firm, and Barracuda Networks, Inc. ("Barracuda" or the "Company") a leading provider of cloud-first security solutions, today announced that KKR's investment funds have completed an acquisition of Barracuda from Thoma Bravo, a leading . Barracudas are found in all warm and tropical regions; some also range into more temperate areas. We want to work very closely with them, and Barracuda wants to be their preferred vendor., New Years Podcast Series: Bob Bonneau of ESET Canada, Understanding innovation as a large, well-established enterprise, New Years Podcast Series: Frank Colletti of N-able, New Years Podcast Series: Zack Dickson of Cisco Canada. in an all-cash transaction valued at $1.6 billion. Previous investments included Ping, Cylance, DarkTrace, ForgeRock, NetSPI and Optiv, among others, the investor notes. CAMPBELL, Calif., July 13, 2021 /PRNewswire/ -- Barracuda Networks, Inc. , a trusted partner and leading provider of cloud-enabled security solutions, today announced it has completed its. Barracuda Agrees To Be Acquired By Thoma Bravo For $1.6 Billion Barracuda anticipates that subsequent events and developments will cause its views to change. Barracuda undertakes no intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. 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. View the full release here: https://www.businesswire.com/news/home/20220816005239/en/. 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 managements attention from the Companys 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 Companys 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. 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 KKRs 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 investment firm. 2016 - 20182 . Vis Tox cheville expansion Barracuda 14 x 70 mm, 20 pices, 013100121 One of our values at Barracuda is to succeed together. Thoma Bravo Completes Acquisition of Barracuda KKR has acquired Barracuda Networks from private equity firm Thoma Bravo. The SKOUT acquisition last year, which added a SOC and XDR capability, was a particularly great acquisition. Thoma Bravo UK LLP is an Appointed Representative of Sapia Partners LLP which is regulated and authorised by the Financial Conduct Authority (FCA). Hatem Naguib, CEO of Barracuda. We expect that the acquisition strategy under KKR will be similar to what it has been, Naguib said. 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.. The proposed transaction is expected to close before Barracudas fiscal year end ofFeb. 28, 2018, and is subject to approval by Barracudas shareholders and regulatory authorities, and the satisfaction of other customary closing conditions. Article | Barracuda Networks Environmental, Social and Governance (ESG), HVAC (Heating, Ventilation and Air-Conditioning), Machine Tools, Metalworking and Metallurgy, Aboriginal, First Nations & Native American, Barracuda Networks extends Barracuda Championship sponsorship through 2025, Cost of an email-borne security attack can on average exceed $1 million. Barracuda completes acquisition of SKOUT Cybersecurity PDF Press Releases Sheppard Mullin Advises SKOUT Cybersecurity in 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. Kirkland & Ellis LLP served as legal counsel to Thoma Bravo and Barracuda. Download or read book Challenger & Barracuda Restoration Guide, 1967-1974 written by Paul A. Herd and published by Motorbooks. Barracuda focuses on serving SMEs and has more than 200,000 customers worldwide across a variety of industries. Barracuda jobs Humi jobs Ethoca jobs Flipp jobs Ontario Medical Association jobs City of Richmond Hill jobs Sofina Foods Inc. jobs . Protect your customers and brand from advanced cyber threats. In todays deal announcement, neither KKR nor Barracuda mentioned Barracudas long-established MSP partner strategy. Click Next. Thoma Bravo invests with a particular focus on application and infrastructure software and technology enabled services. In cybersecurity, you cannot sit on your laurels. NEW YORK & SAN FRANCISCO-- ( BUSINESS WIRE )--KKR, a leading global investment firm, and Barracuda Networks, Inc. ("Barracuda" or the "Company") a leading provider of cloud-first security. 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. Barracuda Networks: Larger MSP Software Ambitions. Barracuda Closes Acquisition of SKOUT Cybersecurity We want to do it in a way that will be of advantage to all.. KKR has acquired Barracuda Networks from private equity firm Thoma Bravo. Acquisition from Thoma Bravo to further accelerate growth of leading cybersecurity software provider. propos de nous: Depuis plus de 10 ans, le Centre dentaire le Perrot (CDIP) est ddi votre sant bucco-dentaire. Check out our security products for Google Cloud Platform. Still, this isn't just about about RMM software and an anti-virus partnership. Protect your physical locations with cloud-connected appliances and software that can be deployed on premises or in the cloud. The firm has offices in Chicago, Miami and San Francisco. Barracuda's customer-centric business model focuses on delivering high-value, subscription-based IT solutions that provide end-to-end network and data protection. Thoma Bravo invests with a particular focus on application and infrastructure software and technology enabled services. VVDI MB Tool Power adapter work with VVDI MB for Quick Data Acquisition We believe every business deserves access to cloud-first, enterprise-grade security solutions that are easy to buy, deploy, and use. Founded in 2003, Barracuda is the developer of cybersecurity solutions,. ", "We are proud to have supported Barracuda to innovate and grow its security solutions portfolio, expand its customer base and achieve considerable operational improvements and revenue growth," said Chip Virnig, a Partner at Thoma Bravo. 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 is technology M&A deal number 372 that MSSP Alert and sister site ChannelE2E have covered so far in 2022. These forward-looking statements should not be relied upon as representing Barracudas views as of any date subsequent to the date of this press release. The investment in Barracuda builds upon KKRs experience investing in the cybersecurity sector globally, with investments including Ping, Cylance, DarkTrace, ForgeRock, NetSPI and Optiv, among others. NEW YORK & SAN FRANCISCO, August 16, 2022--(BUSINESS WIRE)--KKR, a leading global investment firm, and Barracuda Networks, Inc. ("Barracuda" or the "Company") a leading provider of cloud-first security solutions, today announced that KKRs investment funds have completed an acquisition of Barracuda from Thoma Bravo, a leading software investment firm. Finsbury Glover Hering Saab AB (originally Svenska Aeroplan AB, later just SAAB and Saab Group) is a Swedish aerospace and defence company, founded in 1937. View the full release here: https://www.businesswire.com/news/home/20220412005856/en/. Stop API attacks and improve customer experience. View source version on businesswire.com: https://www.businesswire.com/news/home/20220412005856/en/, For Barracuda Networks: 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. You can also subscribe without commenting. The company's filing status is listed as Active and its File Number is 6150972. CAMPBELL, Calif., Nov. 27, 2017 /PRNewswire/ -- Barracuda Networks, Inc. (NYSE: CUDA ), a leading provider of cloud-enabled security and data protection solutions, today announced that it has. Complete security that stops all 13 email threat types and protects Microsoft 365 data. Envision yourself at Barracuda! Barracuda acquires Skout Cybersecurity to enter the XDR market ", "Barracuda is a proven industry leader, consistently bringing powerful, comprehensive solutions to customers in an increasingly prevalent, hostile, and complex threat environment," said Seth Boro, a managing partner at Thoma Bravo. Added John Park, head of Americas Technology Private Equity at KKR: We continue to see cybersecurity as a highly attractive sector and are excited to back a clear leader in the space. This strategy is based on the belief that employee engagement is a key driver in building stronger companies. Get started in minutes. We are very appreciative of Thoma Bravos support and very excited to be working with KKR on this next phase of Barracudas journey.. Barracudas customer-centric business model focuses on delivering high-value, subscription-based IT solutions that provide end-to-end network and data protection. Talent Acquisition Specialist jobs 2,414 open jobs Director of Education jobs 1,408 open jobs Estate Manager jobs 1,098 open jobs . The acquisition expands our MSP security offerings with a powerful XDR platform backed by a 24x7 SOC," said Brian Babineau, Senior Vice President and General Manager, Barracuda MSP. Jonelle Elam Barracuda Networks - Crunchbase Company Profile & Funding Protect students and faculty from ransomware and other cyber attacks. We believe every business deserves access to cloud-enabled, enterprise-grade security solutions that are easy to buy, deploy, and use. The transaction is anticipated to close by the end of the year, subject to customary conditions. We protect email, networks, data, and applications with innovative solutions that grow and adapt with our customers journey. Its the same company, he said. Financial terms of the deal were not disclosed, though the deals valuation was roughly $3.8 billion, according to Silicon Valley Business Journal. 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.. Over the past 20 years, the firm has acquired or invested in more than 375 companies representing over $190 billion in enterprise value. Protect your business and users from ransomware attacks in three easy steps. KKR is a leading global investment firm that offers alternative asset management as well as capital markets and insurance solutions. Barracuda expects acquisition by private equity firm KKR will drive 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. The sale of the company by Thoma Bravo to KKR means much more than simply changing the name on the front of the cheque, however. The deal, the terms of which were not disclosed,. jelam@barracuda.com, For KKR: Additional Information and Where to Find It In connection with the transaction, the Company will file relevant materials with the SEC, including a preliminary proxy statement on Schedule 14A. KKR will provide resources and expertise to further accelerate the Companys growth and support its strategic expansion in key areas, including managed detection and response, extended detection and response, and secure access service edge technology. KKRs insurance subsidiaries offer retirement, life and reinsurance products under the management of Global Atlantic Financial Group. 4 ways Barracuda's acquisition of SKOUT Cybersecurity will help MSPs 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. Please read our cookie notice for more information on the cookies we use and how to delete or block them. The offer represents a 52% premium to Datto's unaffected stock price of $23.37 as of March 16, 2022. Barracuda Networks, Inc. recently announced that it has officially completed its acquisition of SKOUT Cybersecurity. No credit card is required. We are in a very dynamic business. Financial terms were not disclosed. CAMPBELL, Calif., July 13, 2021 /PRNewswire/ -- Barracuda Networks, Inc. , a trusted partner and leading provider of cloud-enabled security solutions, today announced it has completed its. [33] 212-731-4778, Nicky Bryan Enter a Master Password for the Barracuda Network Access Client. Shareholders to Receive $27.55 per Share in Cash. ", "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. As you may have heard, Barracuda has acquired the Managed Workplace remote monitoring and management product line from Avast. Financing for the transaction is being provided by Goldman Sachs & Co. LLC, Credit Suisse, and UBS Investment Bank. Twitter. References to KKRs investments may include the activities of its sponsored funds and insurance subsidiaries. Financial terms were not disclosed. Book excerpt: Revive the muscular good looks and horsepower of your E-body! 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 For Thoma Bravo Matthew Gorton Hiltzik Media Strategies +1 212-776-1161 [emailprotected], For Barracuda MC Petermann +1 404-307-6290 [emailprotected], Maria Riley +1 415-217-7722 [emailprotected], Cision Distribution 888-776-0942 Barracuda Offers Backup, Services With BitLeap Acquisition Barracuda plans acquisition of Skout Cybersecurity Past performance is not necessarily indicative of future results. 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.
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