barracuda acquisition
Protect all your email, SharePoint, OneDrive, and Teams data with protection that goes far beyond what is built into Microsoft 365. We protect email, networks, data, and applications with innovative solutions that grow and adapt with our customers' journey. We believe every business deserves access to cloud-enabled, enterprise-grade security solutions that are easy to buy, deploy, and use. 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 Networks, Barracuda, and the Barracuda Networks logo are registered trademarks of Barracuda Networks, Inc. in the US and other countries. 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. KKR sponsors investment funds that invest in private equity, credit and real assets and has strategic partners that manage hedge funds. We. 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. In cybersecurity, you cannot sit on your laurels. "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. For more information, visit www.thomabravo.com. Barracuda's Board of Directors unanimously approved the agreement, and believes the transaction maximizes shareholder value. We are seeking talented, motivated sales performers who thrive in quick sales cycle environment. One change that will take place will be the introduction of KKRs broad-based employee ownership program, which is based on the belief that employee engagement is a key driver in building stronger companies. Barracuda has since grown into a business that generates over $500 million in annual revenue, KKR said. Copyright 2013 ChannelBuzz.ca. Magazine Premium created by c.bavota. SKOUT is based in Melville, NY. This press release features multimedia. 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. At Barracuda we strive to make the world a safer place. The proposed transaction is expected to close before Barracuda's fiscal year end of Feb. 28, 2018, and is subject to approval by Barracuda's shareholders and regulatory authorities, and the satisfaction of other customary closing conditions. The transaction is anticipated to close by the end of the year, subject to customary conditions. References to KKRs investments may include the activities of its sponsored funds and insurance subsidiaries. The firm has offices in Chicago, Miami and San Francisco. Were here to help you protect and support your customers for life with enterprise-grade, cloud-ready security solutions. 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 . I expect that our employees, customers, and partners will benefit from this partnership., Barracuda is a proven industry leader, consistently bringing powerful, comprehensive solutions to customers in an increasingly prevalent, hostile, and complex threat environment, saidSeth Boro, a managing partner at Thoma Bravo. The companies didn't disclose terms of the deal, but sources familiar with it said that KKR would be paying nearly $4 . e-mail. Our channel is supremely important to us. Privacy Policy |Website Terms & Conditions. 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. 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. 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. Protect your customers and brand from advanced cyber threats. There are different types of equity plans, and the plans can be different, even with KKR, Naguib said. 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 went public on the New York Stock Exchange (NYSE) in late 2013, pricing its IPO at $18 and raising $75 million in the process. 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. Get WAF protection in minutes with our application security service. Guggenheim Securities, DBO Partners and Barclays are serving as financial advisors to KKR. "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. Acquisition from Thoma Bravo to further accelerate growth of leading cybersecurity software provider. 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. 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. Barracuda. 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 "From multiple acquisitions to backend improvements, Barracuda has delivered tremendous value to its customers and partners. 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 View the full release here: https://www.businesswire.com/news/home/20220816005239/en/. Additional information about factors affecting KKR, including a description of risks that may be important to a decision to purchase or sell any common or preferred stock of KKR & Co. Inc., can be found in KKR & Co. Inc.s Annual Report on Form 10-K, Quarterly Reports on Form 10-Q and its other filings with the SEC, which are available at www.sec.gov. KKR to Acquire Barracuda Networks The transaction is anticipated to close by the end of the year. Barracudas are found in all warm and tropical regions; some also range into more temperate areas. We are seeking talented, motivated sales performers who thrive in quick sales cycle environment; this fast-paced role is focused on growing our SMB customer base through the acquisition net-new . Fill out this form to get a full-featured version of Barracuda Cloud-to-Cloud Backup free for 14 days. 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. 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. 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. Barracuda anticipates that subsequent events and developments will cause its views to change. in an all-cash transaction valued at$1.6 billion. The company's shares hit a high of around $45 in 2015, and. Your email address will not be published. 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. Stop bots from scraping confidential data, skewing web analytics, and impairing website performance. 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. Envision yourself at Barracuda! 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. KKR is a leading global investment firm that offers alternative asset management as well as capital markets and insurance solutions. ", "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. If configured, it is required to shut down the NAC Client and make certain configuration changes. Barracuda's customer-centric business model focuses on delivering high-value, subscription-based IT solutions that provide end-to-end network and data protection. This is technology M&A deal number 372 that MSSP Alert and sister site ChannelE2Ehave covered so far in 2022. You can also subscribe without commenting. Financial terms of the deal were not disclosed, though the deals valuation was roughly $3.8 billion, according to Silicon Valley Business Journal. Barracuda is a provider of powerful, easy-to-use, affordable IT solutions for security and storage. "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. Meanwhile, KKR has expansive experience in the cybersecurity and MSSP markets. Jonelle Elam 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. Il regroupe sous un mme toit tous les services de dentisterie afin de vous accompagner, votre famille et vous, tout au long de votre vie. Thoma Bravo acquired Barracuda in 2018 in a $1.6 billion cash deal. Envision yourself at Barracuda The Lead Development Rep (LDR) is primarily responsible for delivering qualified leads to our Territory Management Team. We are very pleased with the results of our acquisition strategy. For more information, visit www.thomabravo.com. 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. 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. Its the same company, he said. Twitter. 57 Closer jobs available in Candlewyck, NJ on Indeed.com. 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. 212-731-4778, Nicky Bryan Vis Tox cheville expansion Barracuda 14 x 70 . 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. Complete Web Application and API Protection (WAAP) platform to secure your workloads in the cloud. - 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. The firm has offices in Chicago, Miami and San Francisco. That impacts who is a good fit. [31] In November 2017, private equity firm Thoma Bravo announced they were taking Barracuda Networks private in a $1.6 billion buyout. More recently, key Barracuda moves include buying Skout Cybersecurity for MSP-focused security operations center capabilities. barracuda, any of about 20 species of predacious fishes of the family Sphyraenidae (order Perciformes). All Rights Reserved. "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.". 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. Barracudas Board of Directors unanimously approved the agreement, and believes the transaction maximizes shareholder value. 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. SKOUT provides Cyber as a Service software for Managed Service Providers (MSPs), as well as an extended detection and response (XDR) platform and service. Facebook. 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 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,. Barracuda has announced future discontinuation of its Copy and CudaDrive services as of May 2016. Still, this isn't just about about RMM software and an anti-virus partnership. 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. These forward-looking statements should not be relied upon as representing Barracuda's views as of any date subsequent to the date of this press release. Subscribe to the daily e-mail newsletter from ChannelBuzz.ca and get the latest Canadian channel news delivered to your desktop every weekday morning. 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. Click Next. Check out our security products for Google Cloud Platform. Please read our cookie notice for more information on the cookies we use and how to delete or block them. 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 shareholders of record will receive$27.55in cash for each share of Barracuda common stock they hold. This press release features multimedia. Kirkland & Ellis LLP is serving as legal counsel to Thoma Bravo and Barracuda. This strategy is based on the belief that employee engagement is a key driver in building stronger companies. 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. Barracuda's expertise includes security operations centers (SOCs) for MSPs. 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. 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. To the extent the Companys directors and executive officers holdings of the Companys securities have changed since the amounts printed in the Companys proxy statement, such changes have been or will be reflected on Statements of Change in Ownership on Form 4 filed with the SEC. Barracuda values partnership. The transaction is anticipated to close by the end of the year, subject to customary conditions. KKR sponsors investment funds that invest in private equity, credit and real assets and has strategic partners that manage hedge funds. Financial terms of the transaction were not disclosed. Financial terms of the deal were not disclosed, though the deal's valuation was roughly $3.8 billion, according to Silicon Valley Business Journal. 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. Stop API attacks and improve customer experience. The firm invests in growth-oriented, innovative companies operating in the software and technology sectors. 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 That deal surfaced in July 2021. Founded in 2003, Barracuda offers a broad suite of cybersecurity solutions across email protection, application security, network security and data protection that can be deployed and managed in both cloud and hybrid environments. KKRs insurance subsidiaries offer retirement, life and reinsurance products under the management of Global Atlantic Financial Group. Apply to Closer, Junior Account Manager, Software Consultant and more! One of our values at Barracuda is to succeed together. Accept the License Agreement, and click Next. The firm invests in growth-oriented, innovative companies operating in the software and technology sectors. in an all-cash transaction valued at $1.6 billion. Multiple KKR, Barracuda and Thoma Bravo sources offered prepared statements on the deal. Thoma Bravo is one of the largest private equity firms in the world, with more than $114 billion in assets under management as of March 31, 2022. Scan your Microsoft 365 for sensitive data and malware. 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. KKR feels that the management team has done a phenomenal job. We are in a very dynamic business. propos de nous: Depuis plus de 10 ans, le Centre dentaire le Perrot (CDIP) est ddi votre sant bucco-dentaire. The Edge DR Tech Sections Close Back Sections Featured Sections The Edge Dark Reading Technology. The following factors, among others, could cause actual results to vary from the forward-looking statements: whether KKR realizes all or any of the anticipated benefits from converting to a corporation and the timing of realizing such benefits; whether there are increased or unforeseen costs associated with the conversion, including any adverse change in tax law; the volatility of the capital markets; the general volatility of the capital markets; failure to realize the benefits of or changes in KKRs business strategies including the ability to realize the anticipated synergies from acquisitions or strategic partnerships or other transactions; availability, terms and deployment of capital; availability of qualified personnel and expense of recruiting and retaining such personnel; changes in the asset management industry, interest rates or the general economy; underperformance of KKR's investments and decreased ability to raise funds; and the degree and nature of KKRs competition.
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