barracuda acquisition

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. J.P. Morgan is serving as exclusive financial advisor to Thoma Bravo and Barracuda. We protect email, networks, data, and applications with innovative solutions that grow and adapt with our customers' journey. We are all very aligned with the strategy we are heading into now, as opposed to the reset we did when we came in from private ownership.. Barracuda jobs Humi jobs Ethoca jobs Flipp jobs Ontario Medical Association jobs City of Richmond Hill jobs Sofina Foods Inc. jobs . Simpson Thacher & Bartlett LLP is serving as legal counsel to KKR. The Edge DR Tech Sections Close Back Sections Featured Sections The Edge Dark Reading Technology. We believe every business deserves access to cloud-first, enterprise-grade security solutions that are easy to buy, deploy, and use. 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. Barracuda Networks: Larger MSP Software Ambitions. When typing in this field, a list of search results will appear and be automatically updated as you type. 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. 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. Enter a Master Password for the Barracuda Network Access Client. KKRs insurance subsidiaries offer retirement, life and reinsurance products under the management of Global Atlantic Financial Group. KKR has acquired Barracuda Networks from private equity firm Thoma Bravo. This book was released on 1997 with total page 268 pages. One of our values at Barracuda is to succeed together. 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 . Deploy simple and scalable security with no software or hardware to install. Huobi has been operating in Argentina ever since an acquisition of a local platform last year. This strategy is based on the belief that employee engagement is a key driver in building stronger companies. Acquisition from Thoma Bravo to further accelerate growth of leading cybersecurity software provider. KKR & Co. announced Tuesday it's agreed to buy Barracuda from Thoma Bravo LP. Acquisition from Thoma Bravo to further accelerate growth of leading cybersecurity software provider. Kirkland & Ellis LLP is serving as legal counsel to Thoma Bravo and Barracuda. Morgan Stanley& Co. LLC is serving as financial advisor to Barracuda, andWilson Sonsini Goodrich& Rosati, Professional Corporation, is serving as its legal advisors. 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. KKR is a leading global investment firm that offers alternative asset management as well as capital markets and insurance solutions. 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. The firm invests in growth-oriented, innovative companies operating in the software and technology sectors. Accept the License Agreement, and click Next. Now we are out of that transformation and into a growth phase. 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. This fast-paced role is focused on growing our Small to Midsize Business (SMB) customer base through expansion and acquisition of net-new customers. KKR is a leading global investment firm that offers alternative asset management as well as capital markets and insurance solutions. "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. Protect data wherever it resides to minimize downtime and prevent data loss. Supported by our Lead Development team, you will balance receiving . Financial services are a prime target for cyber attacks. The firm currently manages a series of private equity and debt funds representing more than $17.0 billion of capital commitments. ", "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. - Collaborate with . 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. For additional information, please visit barracuda.com. Available in PDF, EPUB and Kindle. 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. Kirkland & Ellis LLP is serving as legal counsel to Thoma Bravo and Barracuda. Still, this isn't just about about RMM software and an anti-virus partnership. 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. Barracuda shareholders of record will receive $27.55 in cash for each share of Barracuda common stock they hold. But MSPs have been a top go-to-market channel for Barracuda since about 2016 or so. Stop bots from scraping confidential data, skewing web analytics, and impairing website performance. All contents 2023 MSSP Alert and After Nines Inc. 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. At Barracuda we strive to make the world a safer place. Barracuda has since grown into a business that generates over $500 million in annual revenue, KKR said. J.P. Morgan is serving as exclusive financial advisor to Thoma Bravo and Barracuda. That deal surfaced in July 2021. 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. 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., 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. Download or read book Challenger & Barracuda Restoration Guide, 1967-1974 written by Paul A. Herd and published by Motorbooks. "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.". SKOUT provides Cyber as a Service software for Managed Service Providers (MSPs), as well as an extended detection and response (XDR) platform and service. Save my name, email, and website in this browser for the next time I comment. ", "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. For additional information, please visitbarracuda.com. Apply to Closer, Junior Account Manager, Software Consultant and more! 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 . Weve been thrilled with the team we got with that. Managed detection and response [MDR] extended detection and response [XDR], and secure access service edge [SASE] technology will be the focus of these acquisition efforts going forward. "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. 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 We believe every business deserves access to cloud-enabled, enterprise-grade security solutions that are easy to buy, deploy, and use. 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. Shareholders to Receive $27.55 per Share in Cash. The firm has offices in Chicago, Miami and San Francisco. References to KKRs investments may include the activities of its sponsored funds and insurance subsidiaries. ", "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. Were here to help you protect and support your customers for life with enterprise-grade, cloud-ready security solutions. Autel; Lonsdor; Obdstar; Tango; Topdon; Xhorse; Xtool; Partes de cerraduras automotrices . Barracuda intends all such forward-looking statements to be covered by the safe harbor provisions for forward-looking statements contained in Section21E of the Exchange Act and the Private Securities Litigation Reform Act of 1995. Barracuda values partnership. Thoma Bravo has an excellent history of investing in growing security businesses, and this transaction speaks to the value and strength of Barracudas security platform, which helps customers protect and manage their networks, applications, and data. 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. 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. 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. Getting started is easy. Protect your business and users from ransomware attacks in three easy steps. Protect all your email, SharePoint, OneDrive, and Teams data with protection that goes far beyond what is built into Microsoft 365. You can also subscribe without commenting. 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. This press release features multimedia. Barracuda focuses on serving SMEs and has more than 200,000 customers worldwide across a variety of industries. 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). We are very pleased with the results of our acquisition strategy. As acquisition is the process to takes over the controlling interest of rivals, so another concern was to gain market share and . We believe every business deserves access to cloud-enabled, enterprise-grade security solutions that are easy to buy, deploy, and use. 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,. 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. barracuda.substack.com. This strategy is based on the belief that employee engagement is a key driver in building stronger companies. document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); Managed Security Services Providers (MSSP) News, Analysis and Cybersecurity Research. 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. Over the past 20 years, the firm has acquired or invested in more than 375 companies representing over $190 billion in enterprise value. For more information, visit www.thomabravo.com. Barracuda considers acquisition as its preferred mode of entry into furniture to ensure the immediate market presence in the furniture business and also to emphasize on the business diversification strategy. Sheppard Mullin Advises SKOUT Cybersecurity in Acquisition by Barracuda Networks 07.01.2021 Sheppard Mullin represented SKOUT Cybersecurity, a 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 its Shareholders to Receive $27.55 per Share in Cash. Financial terms of the deal were not disclosed, though the deal's valuation was roughly $3.8 billion, according to Silicon Valley Business Journal. The forward-looking statements included in this press release represent Barracudas views as of the date of this press release. Barracuda Networks, Inc. recently announced that it has officially completed its acquisition of SKOUT Cybersecurity. Hello, everyone, and welcome to Zoom's Q4 FY '23 Earnings Release Webinar. 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. Financing for the transaction is being provided by Goldman Sachs & Co. LLC, Credit Suisse, and UBS Investment Bank. BARRACUDA ACQUISITIONCO, INC. Barracuda's Board of Directors unanimously approved the agreement, and believes the transaction maximizes shareholder value. 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. Under Thoma, Barracuda made acquisitions, although not as many as some companies who pursued an ultra-aggressive strategy in that regard. For more information, visit barracuda.com. Get started in minutes. The firm invests in growth-oriented, innovative companies operating in the software and technology sectors. Get protection that goes beyond next-generation firewalls. 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. Megan Frank Your email address will not be published. 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 additional information about KKR & Co. Inc. (NYSE: KKR), please visit KKRs website at www.kkr.com and on Twitter @KKR_Co. Thoma Bravo UK LLP is an Appointed Representative of Sapia Partners LLP which is regulated and authorised by the Financial Conduct Authority (FCA). 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. Learn how Barracuda can help. 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. Spam, Malware, and Advanced Threat Protection, Email Encryption and Data Loss Prevention, Accelerate and secure cloud migrations with, Boost application performance and reduce costs with, Simplify and secure remote access by enabling Zero Trust for any device with, Secure your internet-connected devices with. 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. 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 is a provider of powerful, easy-to-use, affordable IT solutions for security and storage. 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. Past performance is not necessarily indicative of future results. 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. Over the past 20 years, the firm has acquired or invested in more than 380 companies representing over $190 billion in enterprise value. References to KKRs investments may include the activities of its sponsored funds and insurance subsidiaries. More recently, key Barracuda moves include buying Skout Cybersecurity for MSP-focused security operations center capabilities. Nicky.bryan@fgh.com, Craig Larson Multiple KKR, Barracuda and Thoma Bravo sources offered prepared statements on the deal. By using this site you agree to our use of cookies. Finsbury Glover Hering More information about Thoma Bravo can be found at www.thomabravo.com. Botes Exhibidores; Llaveros; Anualidades para Equipos. That transformation was very successful for us. 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. The Barracuda acquisition is expected to close by the end of 2022, KKR indicated. J.P. Morgan served as exclusive financial advisor to Thoma Bravo and Barracuda. Talent Acquisition Manager, MENA. 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

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