At Barracuda we strive to make the world a safer place. We believe every business deserves access to cloud-enabled, enterprise-grade security solutions that are easy to buy, deploy, and use. The definitive proxy statement, the preliminary proxy statement and other relevant materials in connection with the transaction (when they become available), and any other documents filed by the Company with the SEC, may be obtained free of charge at the SECs website (http://www.sec.gov) or at the Companys website (http://investor.Barracuda.com/) or by writing to the Companys Secretary at 3175 S. Winchester Blvd,Campbell CA95008. in an all-cash transaction valued at$1.6 billion. "Were ready to deliver on our next phase of growth with KKR and remain dedicated to investing in our team and product portfolio to provide innovative cybersecurity solutions for our customers and partners," said Hatem Naguib, CEO of Barracuda. 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 has announced future discontinuation of its Copy and CudaDrive services as of May 2016. Barracuda plans to buy Skout Cybersecurity to provide MSPs with the technology and manpower needed to respond more effectively to cyberthreats. Barracuda is the digital marketing agency that can help you surface real value We're a London based digital marketing agency Based out of Waterloo in London, we're an independent digital marketing agency all about delivering value to our clients. The company's filing status is listed as Active and its File Number is 6150972. e-mail. "We believe the proposed transaction offers an opportunity for us to accelerate our growth with our industry-leading security platform that's purpose-built for highly distributed, diverse cloud and hybrid environments. Terms of the deal were not disclosed, as Barracuda is a private company. "Were grateful to Thoma Bravo for their valuable strategic and operational support over the last four years.". Barracuda anticipates that subsequent events and developments will cause its views to change. From multiple acquisitions to backend improvements, Barracuda has delivered tremendous value to its customers and partners., 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. 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 additional information about KKR & Co. Inc. (NYSE: KKR), please visit KKRs website at www.kkr.com and on Twitter @KKR_Co. Envision yourself at Barracuda! J.P. Morgan is serving as exclusive financial advisor to Thoma Bravo and Barracuda. barracuda, any of about 20 species of predacious fishes of the family Sphyraenidae (order Perciformes). The Company focuses on serving small and medium sized enterprises (SMEs) and has more than 200,000 customers worldwide across a variety of industries, including education, government, financial services, health care, retail, consumer goods and manufacturing. This is technology M&A deal number 372 that MSSP Alert and sister site ChannelE2E have covered so far in 2022. Guggenheim Securities, DBO Partners and Barclays are serving as financial advisors to KKR. KKR sponsors investment funds that invest in private equity, credit and real assets and has strategic partners that manage hedge funds. Upon the close of the transaction, Barracuda will operate as a privately-held company with a continued focus on email security and management, network and application security, and data protection solutions that can be deployed in cloud and hybrid environments. The Managed Workplace acquisition is part of a larger MSP-centric partner strategy that extends all the from Barracuda CEO BJ Jenkins' office to the company's boardroom, ChannelE2E believes. Barracuda anticipates that subsequent events and developments will cause its views to change. That deal surfaced in July 2021. Envision yourself at Barracuda The Lead Development Rep (LDR) is primarily responsible for delivering qualified leads to our Territory Management Team. Hello, everyone, and welcome to Zoom's Q4 FY '23 Earnings Release Webinar. 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.. 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. 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.. We look forward to watching Barracudas continued success.. We look forward to watching Barracudas continued success.. This press release features multimedia. - Head Talent Acquisition and recruitment operations for all business units in MENA covering Financial & Risk, Tax & Accounting, Legal, Intellectual Property & Science, Reuters Media and Global Growth Organization. More recently, key Barracuda moves include buying Skout Cybersecurity for MSP-focused security operations center capabilities. Privacy Policy |Website Terms & Conditions. The deal, the terms of which were not disclosed,. mfrank@thomabravo.com Browse our security and network solutions designed specifically for AWS. Select Barracuda VPN Client + Personal Firewall + Health Monitoring to initiate a complete installation. "We have enjoyed working closely with Hatem and his team through multiple acquisitions and operational improvements, and we are confident that the company is well-positioned for continued success.". Your email address will not be published. The forward-looking statements included in this press release represent Barracudas views as of the date of this press release. jelam@barracuda.com, For KKR: Barracudas are found in all warm and tropical regions; some also range into more temperate areas. Copy link. 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,. Stop bots from scraping confidential data, skewing web analytics, and impairing website performance. The Company focuses on serving small and medium sized enterprises (SMEs) and has more than 200,000 customers worldwide across a variety of industries, including education, government, financial services, health care, retail, consumer goods and manufacturing. Barracuda has exchanged one private equity owner for another. Barracuda execs say that the BitLeap acquisition fits into the company's existing business model and SMB target market segment as it continues its current expansion into the storage arena . Get security and networking solutions that are deployed natively in Microsoft Azure. Information regarding the identity of the potential participants, and their direct or indirect interests in the transaction, by security holdings or otherwise, will be set forth in the proxy statement and other materials to be filed with SEC in connection with the transaction. We protect email, networks, data and applications with innovative solutions that grow and adapt with our customers' journey. 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.. For additional information, please visit barracuda.com. The firm seeks to create value by collaborating with company management to improve business operations, invest in growth initiatives and make accretive acquisitions. propos de nous: Depuis plus de 10 ans, le Centre dentaire le Perrot (CDIP) est ddi votre sant bucco-dentaire. 2003 - 2022 Barracuda Networks, Inc. All rights reserved. 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. References to KKRs investments may include the activities of its sponsored funds and insurance subsidiaries. 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. We protect email, networks, data, and applications with innovative solutions that grow and adapt with our customers' journey. This price exceeds Barracudas 52-week high and represents a premium of 22.5 percent to the Companys 10-day average stock price prior toNov. 27, 2017, of$22.49. Barracuda will implement KKR's broad-based employee ownership program, which makes all employees owners in their respective businesses alongside KKR. Barracuda shareholders of record will receive$27.55in cash for each share of Barracuda common stock they hold. Barracuda generates more than $500 million in annual revenue, the buyer indicated. Barracuda's Board of Directors unanimously approved the agreement, and believes the transaction maximizes shareholder value. Finsbury Glover Hering We are very appreciative of Thoma Bravos support and very excited to be working with KKR on this next phase of Barracudas journey., 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. Barracuda Networks: Larger MSP Software Ambitions. These powerful, easy-to-use and affordable solutions are trusted by more than 150,000 organizations worldwide and are delivered in appliance, virtual appliance, cloud and hybrid deployment configurations. 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. Click Next. But MSPs have been a top go-to-market channel for Barracuda since about 2016 or so. More information about Thoma Bravo can be found atwww.thomabravo.com. Goldman Sachs & Co. LLC, Credit Suisse, and UBS Investment Bank are also serving as financial advisors to Thoma Bravo, and Kirkland & Ellis LLP is serving as its legal counsel. 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. Deploy simple and scalable security with no software or hardware to install. We will continue Barracuda's tradition of delivering easy-to-use, full-featured solutions that can be deployed in the way that makes sense for our customers," said BJ Jenkins, chief executive officer of Barracuda. Morgan Stanley& Co. LLC is serving as financial advisor to Barracuda, and Wilson Sonsini Goodrich & Rosati, Professional Corporation, is serving as its legal advisors. 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. 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. KKRs insurance subsidiaries offer retirement, life and reinsurance products under the management of Global Atlantic Financial Group. Check out our real-time view of global cyber threats, collected from millions of data points. Protect your customers and brand from advanced cyber threats. CAMPBELL, Calif.Barracuda Networks, Inc. (NYSE: CUDA), a leading provider of cloud-enabled security and data protection solutions, today announced that it has entered into an agreement to be acquired by leading private equity investment firm Thoma Bravo, LLC. 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.
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