Check out our security products for Google Cloud Platform. The Barracuda acquisition is expected to close by the end of 2022, KKR indicated. 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. Information about the Company's directors and executive officers and their ownership of Company Common Stock is set forth in the proxy statement on Schedule 14A filed with the SEC on June 28, 2017 and the Annual Report on Forms 10-K for the fiscal year ended February 28, 2017. Hatem Naguib, CEO of Barracuda. Barracuda Networks - Crunchbase Company Profile & Funding We look forward to watching Barracudas continued success.. The transaction is anticipated to close by the end of the year, subject to customary conditions. Barracuda completes acquisition of SKOUT Cybersecurity We protect email, networks, data and applications with innovative solutions that grow and adapt with our customers . Deploy simple and scalable security with no software or hardware to install. Financial terms were not disclosed. Stop bots from scraping confidential data, skewing web analytics, and impairing website performance. A global crypto scam involving Binance and Huobi exchanges is targeting victims in Colombia, Venezuela, Mexico and Argentina. 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. All statements, other than statements of historical fact, are statements that could be deemed forward-looking statements, including statements containing the words "predicts," "plan," "expects," "focus," "anticipates," "believes," "goal," "target," "estimate," "potential," "may," "will," "might," "momentum," "can," "could," "seek," and similar words. Terms of the deal were not disclosed, as Barracuda is a private company. BARRACUDA ACQUISITIONCO, INC. is a Delaware Domestic Corporation filed on August 9, 2021. For additional information about KKR & Co. Inc. (NYSE: KKR), please visit KKRs website at www.kkr.com and on Twitter @KKR_Co. 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. Under the terms of the agreement, Datto stockholders will receive $35.50 per share in a transaction that values Datto at approximately $6.2 billion. INVESTORS AND SECURITY HOLDERS OF THE COMPANY ARE URGED TO READ THESE MATERIALS (INCLUDING ANY AMENDMENTS OR SUPPLEMENTS THERETO) AND ANY OTHER RELEVANT DOCUMENTS IN CONNECTION WITH THE TRANSACTION THAT THE COMPANY WILL FILE WITH THE SEC WHEN THEY BECOME AVAILABLE BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION ABOUT THE COMPANY AND THE TRANSACTION. 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 The transaction is anticipated to close by the end of the year, subject to customary conditions. More recently, key Barracuda moves include buying Skout Cybersecurity for MSP-focused security operations center capabilities. Thoma invested in us and reset how we went to market, reset the back end to the cloud, and upgraded our portfolio. 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. 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. Our channel is supremely important to us. For more information, visit www.thomabravo.com. Barracuda's expertise includes security operations centers (SOCs) for MSPs. 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 I expect that our employees, customers, and partners will benefit from this partnership. 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. Complete security that stops all 13 email threat types and protects Microsoft 365 data. 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. Thoma Bravo acquired Barracuda in 2018 in a $1.6 billion cash deal. 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 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. References to KKRs investments may include the activities of its sponsored funds and insurance subsidiaries. Email. Over the past 20 years, the firm has acquired or invested in more than 375 companies representing over $190 billion in enterprise value. More than 200,000 customers worldwide count on Barracuda to protect their email, networks, applications, and data. Magazine Premium created by c.bavota. For more information, visit barracuda.com. Guggenheim Securities, DBO Partners and Barclays are serving as financial advisors to KKR. Barracuda Completes Acquisition of SKOUT Cybersecurity - XaaS Journal ", "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. All forward-looking statements speak only as of the date they are made. Barracuda Agrees To Be Acquired By Thoma Bravo For $1.6 Billion, Riskonnect Acquires Aruvio, Expands Governance, Risk and Compliance Offering. 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. Simpson Thacher & Bartlett LLP served as legal counsel to KKR. 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. 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). KKR to Acquire Barracuda Networks - Yahoo! Barracuda Networks, Inc. recently announced that it has officially completed its acquisition of SKOUT Cybersecurity. Simpson Thacher & Bartlett LLP is serving as legal counsel to KKR. Private equity powerhouse KKR is acquiring email security provider Barracuda Networks with plans to "accelerate growth" by further pushing the company into key security markets such as managed . This isn't ION's first acquisition in the FX realm. Barracuda Networks, Inc. Territory Manager Job in Alpharetta, GA Barracuda intends all such forward-looking statements to be covered by the safe harbor provisions for forward-looking statements contained in Section 21E of the Exchange Act and the Private Securities Litigation Reform Act of 1995. 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. Article | Barracuda Networks We protect email, networks, data, and applications with innovative solutions that grow and adapt with our customers' journey. Barracuda shareholders of record will receive$27.55in cash for each share of Barracuda common stock they hold. Barracuda values partnership. Twitter. For additional information, please visitbarracuda.com. We protect email, networks, data, and applications with innovative solutions that grow and adapt with our customers' journey. 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. This site uses cookies to provide you with a more responsive and personalized service. Campbell, California, United States. 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. We believe every business deserves access to cloud-enabled, enterprise-grade security solutions that are easy to buy, deploy, and use. Noted Bradley Brown, managing director at KKR: Barracuda has built an impressive portfolio of solutions that are helping SMEs around the world protect their data and address critical security challenges. Still, Barracudas exact annual revenue and EBITDA profit figures are not currently disclosed. 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. https://www.businesswire.com/news/home/20220412005856/en/. 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. Select Barracuda VPN Client + Personal Firewall + Health Monitoring to initiate a complete installation. We will continue Barracudas 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. San Francisco, CA 94105 +1 (415) 263-3660. SKOUT is based in Melville, NY. 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. See more than 1,000 technology M&A deals listed here, buying Skout Cybersecurity for MSP-focused security operations center capabilities, Top 250 Managed Security Services Providers (MSSP) Company List, Top 40 Managed Detection and Response (MDR) Company List, MSSP M&A List: 100+ Managed Security Buyers, Sellers and Investors. Stop API attacks and improve customer experience. Barracuda Networks, Barracuda, and the Barracuda Networks logo are registered trademarks of Barracuda Networks, Inc. in the US and other countries. Since 2011, KKR has awarded billions of dollars of total equity value to over 45,000 non-management employees across more than 25 companies. Barracuda has exchanged one private equity owner for another. While Thoma helped Barracuda transform into a modern cloud company, KRR is expected to support an aggressive expansion strategy which will benefit both the company and its channel partners. This strategy is based on the belief that employee engagement is a key driver in building stronger companies. Discovery Company profile page for Herzog Technologies, Inc. including technical research,competitor monitor,market trends,company profile& stock symbol No credit card is required. 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. Barracuda Agrees To Be Acquired By Thoma Bravo For $1.6 Billion Get WAF protection in minutes with our application security service. 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. From multiple acquisitions to backend improvements, Barracuda has delivered tremendous value to its customers and partners.. For more information, visit barracuda.com. KKR Completes Acquisition of Barracuda from Thoma Bravo On 2/28/23 MICC West Point issued Sources Sought W911SD23R0994 for Palo Alto Networks -and- Barracuda Firewalls w/Service Agreements due 3/6/23 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. With this acquisition, Barracuda is providing distributed businesses a new way to modernize remote access, enforce global security and access policies and achieve seamless connectivity without . Security business Barracuda Networks acquired for $1.6 billion You can also subscribe without commenting. "We are excited to complete this transaction and begin working with the Barracuda team to support their continued growth and delivery of next generation cloud-first cybersecurity solutions that protect SMEs from an evolving landscape of threats," said John Park, a Partner at KKR. Thoma Bravo UK LLP is an Appointed Representative of Sapia Partners LLP which is regulated and authorised by the Financial Conduct Authority (FCA). Financing for the transaction is being provided by Goldman Sachs & Co. LLC, Credit Suisse, and UBS Investment Bank. Meanwhile, KKR has expansive experience in the cybersecurity and MSSP markets. The firm invests in growth-oriented, innovative companies operating in the software and technology sectors. At Barracuda, we make the world a safer place. Barracudas are found in all warm and tropical regions; some also range into more temperate areas. Barracuda plans to buy Skout Cybersecurity to provide MSPs with the technology and manpower needed to respond more effectively to cyberthreats. 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. Financial terms were not disclosed. Participants in the SolicitationThe Company and its directors and executive officers may be deemed to be participants in the solicitation of proxies from the Companys stockholders with respect to the transaction. THREAT PREVENTION Spam, Malware, and Advanced Threat Protection Phishing and Impersonation Protection Account Takeover Protection Domain Fraud Protection Web Security Zero Trust Access for Microsoft 365 Ensure compliance with safe learning regulations. Information about the Companys directors and executive officers and their ownership of Company Common Stock is set forth in the proxy statement on Schedule 14A filed with the SEC onJune 28, 2017and the Annual Report on Forms 10-K for the fiscal year endedFebruary 28, 2017. media@kkr.com, For Thoma Bravo: KKR sponsors investment funds that invest in private equity, credit and real assets and has strategic partners that manage hedge funds. We look forward to watching Barracudas continued success.. (eBook/PDF) Challenger And Barracuda Restoration Guide 1967 74 Online View the full release here: https://www.businesswire.com/news/home/20220816005239/en/. View the full release here: https://www.businesswire.com/news/home/20220412005856/en/. The forward-looking statements are based on KKRs beliefs, assumptions and expectations of its future performance, taking into account all information currently available to it. "We are very appreciative of Thoma Bravos support and very excited to be working with KKR on this next phase of Barracudas journey. We believe every business deserves access to cloud-first, enterprise-grade security solutions that are easy to buy, deploy, and use. Rumors about Barracuda being up for sale have hit MSSP Alerts email inbox multiple times in recent weeks. Monika Dang (she/her) - Technical Talent Partner - Barracuda - LinkedIn Vis Tox cheville expansion Barracuda 14 x 70 . The offer represents a 52% premium to Datto's unaffected stock price of $23.37 as of March 16, 2022. SKOUT provides Cyber as a Service software for Managed Service Providers (MSPs), as well as an extended detection and response (XDR) platform and service. Kirkland & Ellis LLP served as legal counsel to Thoma Bravo and Barracuda. Barracuda Networks - Wikipedia 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. from 8 AM - 9 PM ET. | Zdnet 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. We believe every business deserves access to cloud-first, enterprise-grade security solutions that are easy to buy, deploy, and use. Accept the License Agreement, and click Next. This press release features multimedia. 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. The companies didn't disclose terms of the deal, but sources familiar with it said that KKR would be paying nearly $4 . Barracuda plans acquisition of Skout Cybersecurity 2016 - 20182 . "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. KKR Completes Acquisition of Barracuda from Thoma Bravo La reprise se fera sur un produit usag quivalent au produit achet (en termes de fonction et de volume), sur rendez-vous auprs de notre service client. Register for a free trial. | Barracuda Networks ", "Barracuda has built an impressive portfolio of solutions that are helping SMEs around the world protect their data and address critical security challenges," said Bradley Brown, Managing Director at KKR. Barracuda Agrees To Be Acquired By Thoma Bravo For $1.6 Billion J.P. Morgan is serving as exclusive financial advisor to Thoma Bravo and Barracuda. KKR has acquired Barracuda Networks from private equity firm Thoma Bravo. dentalcorp hiring Secrtaire Dentaire - Centre Dentaire le-Perrot in L Financial terms were not disclosed. Morgan Stanley& Co. LLC is serving as financial advisor to Barracuda, and Wilson Sonsini Goodrich & Rosati, Professional Corporation, is serving as its legal advisors. 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. We are very appreciative of Thoma Bravos support and very excited to be working with KKR on this next phase of Barracudas journey.. LiveVox continues to build out fledgling channel strategy with launch of ACTivate channel program, Pax8, AWS sign distribution deal to bring AWS into Pax8 solutions , Sage ramps up automation of Sage Intacct solution, Pure Storage tackles broad sub-$0.20 per GB disk market with FlashBlade//E, Aptum sees strong channel opportunities in new Multi-Tenant Cloud Solution, Zero-Trust vendor Cyolo restructures partner program, Salt Security enhances certification and training capabilities with Essential Partner Certification Program, Startup Entitle comes out of stealth with novel SaaS-based cloud permissions management platform solution. 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. 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 Hello, everyone, and welcome to Zoom's Q4 FY '23 Earnings Release Webinar. Barracuda Closes Acquisition of SKOUT Cybersecurity More than 220,000 global customers trust Barracuda to safeguard their employees, data, and applications from a . Financial services are a prime target for cyber attacks. Barracudas Board of Directors unanimously approved the agreement, and believes the transaction maximizes shareholder value. How exactly this will roll out at Barracuda is less certain, as employee ownership does not take a one size fits all approach across the KKR portfolio. Your email address will not be published. in an all-cash transaction valued at$1.6 billion. 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 has built an impressive portfolio of solutions that are helping SMEs around the world protect their data and address critical security challenges, said Bradley Brown, Managing Director at KKR. Zoom Video Communications, Inc. (NASDAQ:ZM) Q4 2023 Earnings Call Transcript February 27, 2023 Kelcey McKinley: Well. KKRs insurance subsidiaries offer retirement, life and reinsurance products under the management of Global Atlantic Financial Group. 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. 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. "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 company's partner in the next phase of its growth.". Talent Acquisition Specialist jobs 2,414 open jobs Director of Education jobs 1,408 open jobs Estate Manager jobs 1,098 open jobs . 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. We believe the proposed transaction offers an opportunity for us to accelerate our growth with our industry-leading security platform thats purpose-built for highly distributed, diverse cloud and hybrid environments. Protect websites and apps from advanced cyber-threats. All statements, other than statements of historical fact, are statements that could be deemed forward-looking statements, including statements containing the words predicts, plan, expects, focus, anticipates, believes, goal, target, estimate, potential, may, will, might, momentum, can, could, seek, and similar words.

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