barracuda acquisitionUncategorized

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. Automate security policy compliance in the cloud. Please read our cookie notice for more information on the cookies we use and how to delete or block them. 2022 Kohlberg Kravis Roberts & Co. L.P. All Rights Reserved. We believe every business deserves access to cloud-enabled, enterprise-grade security solutions that are easy to buy, deploy, and use. All forward-looking statements speak only as of the date they are made. Barracuda anticipates that subsequent events and developments will cause its views to change. Accept the License Agreement, and click Next. Scan your Microsoft 365 for sensitive data and malware. 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 Guggenheim Securities, DBO Partners and Barclays served as financial advisors to KKR. This site uses cookies to provide you with a more responsive and personalized service. This fast-paced role is focused on growing our Small to Midsize Business (SMB) customer base through expansion and acquisition of net-new customers. Barracudas are found in all warm and tropical regions; some also range into more temperate areas. Finsbury Glover Hering Since 2011, KKR has awarded billions of dollars of total equity value to over 45,000 non-management employees across more than 25 companies. If configured, it is required to shut down the NAC Client and make certain configuration changes. ", "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. Barracuda generates more than $500 million in annual revenue, the buyer indicated. Huobi has been operating in Argentina ever since an acquisition of a local platform last year. 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. In addition, KKRs business strategy is focused on the long-term and financial results are subject to significant volatility. As you may have heard, Barracuda has acquired the Managed Workplace remote monitoring and management product line from Avast. 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. Learn how Barracuda can help. in an all-cash transaction valued at$1.6 billion. J.P. Morgan is serving as exclusive financial advisor to Thoma Bravo and Barracuda. Fill out this form to get a full-featured version of Barracuda Cloud-to-Cloud Backup free for 14 days. 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. 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 has announced future discontinuation of its Copy and CudaDrive services as of May 2016. Barracuda Networks has purchased Skout Cybersecurity, a New York-based channel-only provider of extended detection and response (XDR) services. Envision yourself at Barracuda! Thoma Bravo to Acquire ABC Financial Services, Inc. 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. 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. Get started in minutes. Barracuda Email ProtectionComplete security that stops all 13 email threat types and protects Microsoft 365 data. The firm has offices in Chicago, Miami and San Francisco. That transformation was very successful for us. Protect websites and apps from advanced cyber-threats. About Thoma Bravo, LLCThoma 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. 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 Networks has been acquired by KKR, an investment outfit taking the company over from past owner Thoma Bravo. All Rights Reserved. Cautionary Statement Regarding Forward-Looking StatementsThis 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 Barracudas products, the introduction and timing of product enhancements or additional products, Barracudas 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. Barracuda is a provider of powerful, easy-to-use, affordable IT solutions for security and storage. We protect email, networks, data and applications with innovative solutions that grow and adapt with our customers' journey. Get SaaS backup for your Microsoft 365 data with unlimited storage. Twitter. 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. 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. 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.. San Francisco, CA 94105 +1 (415) 263-3660. For more information, visit www.thomabravo.com. Shareholders to Receive $27.55 per Share in Cash. 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. That impacts who is a good fit. [33] 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 entered into an agreement to be acquired by leading private equity investment firm Thoma Bravo, LLC. Get protection that goes beyond next-generation firewalls. ", "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. Check out our real-time view of global cyber threats, collected from millions of data points. We are seeking talented, motivated sales performers who thrive in quick sales cycle environment. "Thoma Bravo has an excellent history of investing in growing security businesses, and this transaction speaks to the value and strength of Barracuda's security platform, which helps customers protect and manage their networks, applications, and data. 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. At Barracuda, we make the world a safer place. 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. Get started in minutes. Founded in 2003, Barracuda is the developer of cybersecurity solutions,. 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. At Barracuda we strive to make the world a safer place. Barracuda Networks, Barracuda, and the Barracuda Networks logo are registered trademarks of Barracuda Networks, Inc. in the US and other countries. Kirkland & Ellis LLP is serving as legal counsel 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. 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. I expect a mix of business as usual and positive change in the same way partners saw positive change when we were acquired by Thoma, he indicated Our relationship with our partners has always been critical, and that will not change. KKR sponsors investment funds that invest in private equity, credit and real assets and has strategic partners that manage hedge funds. 212-750-8300 Financial terms were not disclosed. Thoma invested in us and reset how we went to market, reset the back end to the cloud, and upgraded our portfolio. Thoma Bravo invests with a particular focus on application and infrastructure software and technology enabled services. For more information, visit barracuda.com. Supported by our Lead . 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. David Gorcey Cause Of Death, Dannii Minogue Son Disability, Articles B

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