Barracuda values partnership. Financial terms were not disclosed. 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. 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. 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 SEC's website (http://www.sec.gov) or at the Company's website (http://investor.Barracuda.com/) or by writing to the Company's Secretary at 3175 S. Winchester Blvd, Campbell CA 95008. Broadway Acquires Barracuda FX, Strengthens Senior FX Team No credit card is required. Shareholders to Receive $27.55 per Share in Cash. Were here to help you protect and support your customers for life with enterprise-grade, cloud-ready security solutions. We are seeking talented, motivated sales performers who thrive in quick sales cycle environment. KKR To Acquire Barracuda Networks In Bid To 'Accelerate - CRN Kirkland & Ellis LLP is serving as legal counsel to Thoma Bravo and Barracuda. On 11February . For more information, visit www.thomabravo.com. Complete security that stops all 13 email threat types and protects Microsoft 365 data. 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. "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. For more information, visit www.barracuda.com. Nicky.bryan@fgh.com, Craig Larson dentalcorp hiring Secrtaire Dentaire - Centre Dentaire le-Perrot in L 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. Cybersecurity company Barracuda to go private as part of $1.6 billion Barracuda Networks, Barracuda, and the Barracuda Networks logo are registered trademarks of Barracuda Networks, Inc. in the US and other countries. This press release features multimedia. More information about Thoma Bravo can be found atwww.thomabravo.com. 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 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. The firm currently manages a series of private equity and debt funds representing more than$17.0 billionof capital commitments. 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.. Its the same company, he said. For additional information about KKR & Co. Inc. (NYSE: KKR), please visit KKRs website at www.kkr.com and on Twitter @KKR_Co. Colombia - Pig butchering scam links back to Binance, Huobi exchanges 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. 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. Magazine Premium created by c.bavota. Financing for the transaction is being provided by Goldman Sachs & Co. LLC, Credit Suisse, and UBS Investment Bank. Barracuda Networks - Crunchbase Company Profile & Funding The Registered Agent on file for this company is Corporation Service Company and is located at 251 Little Falls Drive, Wilmington, DE 19808. [31] In November 2017, private equity firm Thoma Bravo announced they were taking Barracuda Networks private in a $1.6 billion buyout. "We look forward to watching Barracudas continued success.". 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. Kirkland & Ellis LLP served as legal counsel to Thoma Bravo and Barracuda. Scan your Microsoft 365 for sensitive data and malware. Still, this isn't just about about RMM software and an anti-virus partnership. Come Join Our Passionate Team! 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. 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. Thoma invested in us and reset how we went to market, reset the back end to the cloud, and upgraded our portfolio. 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. Or call us now at Select your mail server* Office 365 Microsoft Exchange Other SMTP Mail Server Email* Phone* First Name* Last Name* Company Name* Country* State/Province* Zip/Postal Code* "Were grateful to Thoma Bravo for their valuable strategic and operational support over the last four years.". | Zdnet 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. There has been an evolution in these PE [private equity] partners, and which is the best fit for a company comes down to where the company is in their lifecycle, said Hatem Naguib, CEO of Barracuda. Please click on "I understand" to view the presentation. Additional Information and Where to Find ItIn connection with the transaction, the Company will file relevant materials with the SEC, including a preliminary proxy statement on Schedule 14A. KKR sponsors investment funds that invest in private equity, credit and real assets and has strategic partners that manage hedge funds. That impacts who is a good fit. Closer Jobs, Employment in Candlewyck, NJ | Indeed.com For additional information about KKR & Co. Inc. (NYSE: KKR), please visit KKRs website at www.kkr.com and on Twitter @KKR_Co. The firm seeks to create value by collaborating with company management to improve business operations, invest in growth initiatives and make accretive acquisitions. At Barracuda we strive to make the world a safer place. Campbell, California, United States. Barracuda completes acquisition of SKOUT Cybersecurity 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. Promptly after filing its definitive proxy statement with the Securities and Exchange Commission (the "SEC"), the Company will mail the definitive proxy statement and a proxy card to each stockholder entitled to vote at the special meeting relating to the merger. 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. Click Next. This press release features multimedia. Barracuda Networks - Wikipedia barracuda, any of about 20 species of predacious fishes of the family Sphyraenidae (order Perciformes). https://www.businesswire.com/news/home/20220412005856/en/. 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. Protect your business and users from ransomware attacks in three easy steps. KKR to Acquire Barracuda Networks - Kohlberg Kravis Roberts View the full release here: https://www.businesswire.com/news/home/20220816005239/en/. Barracuda completes acquisition of SKOUT Cybersecurity 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. 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 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. For more information, visit barracuda.com. 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. Browse our security and network solutions designed specifically for AWS. Barracuda Offers Backup, Services With BitLeap Acquisition Your email address will not be published. Meanwhile, KKR has expansive experience in the cybersecurity and MSSP markets. Barracudas are found in all warm and tropical regions; some also range into more temperate areas. 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. 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 Networks has purchased Skout Cybersecurity, a New York-based channel-only provider of extended detection and response (XDR) services. "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. This fast-paced role is focused on growing our Small to Midsize Business (SMB) customer base through expansion and acquisition of net-new customers. "Barracuda has been a tremendous partner over the last four years and has experienced strong product, customer and revenue growth," said Chip Virnig, a Partner at Thoma Bravo. To get growth, you have to invest.. . This fast-paced role is focused on growing our Small to Midsize Business (SMB) customer base through expansion and acquisition of net-new customers. The Barracuda acquisition is expected to close by the end of 2022, KKR indicated. Barracuda has announced future discontinuation of its Copy and CudaDrive services as of May 2016. PDF Press Releases Sheppard Mullin Advises SKOUT Cybersecurity in 2003 - 2022 Barracuda Networks, Inc. All rights reserved. But MSPs have been a top go-to-market channel for Barracuda since about 2016 or so. In todays deal announcement, neither KKR nor Barracuda mentioned Barracudas long-established MSP partner strategy. This site uses cookies to provide you with a more responsive and personalized service. The firm invests in growth-oriented, innovative companies operating in the software and technology sectors. Thoma Bravo to Acquire ABC Financial Services, Inc. Added John Park, head of Americas Technology Private Equity at KKR: We continue to see cybersecurity as a highly attractive sector and are excited to back a clear leader in the space. We look forward to watching Barracudas continued success.. If a change occurs, KKRs business, financial condition, liquidity and results of operations, including but not limited to, assets under management, fee paying assets under management, after-tax distributable earnings, capital invested, syndicated capital, uncalled commitments, cash and short-term investments, fee related earnings, fee and yield segment EBITDA, core interest expense and book value, may vary materially from those expressed in the forward-looking statements. Simpson Thacher & Bartlett LLP is serving as legal counsel to KKR. ", "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. That transformation was very successful for us. If configured, it is required to shut down the NAC Client and make certain configuration changes. For more information, visit barracuda.com. Complete Web Application and API Protection (WAAP) platform to secure your workloads in the cloud. We protect email, networks, data, and applications with innovative solutions that grow and adapt with our customers' journey. When we were acquired by Thoma Bravo, we were a public company, but we had no ability to transform ourselves. Available in PDF, EPUB and Kindle. Check out our security products for Google Cloud Platform. Learn how Barracuda can help. 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 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. Thoma Bravo Completes Acquisition of Barracuda The forward-looking statements included in this press release represent Barracuda's views as of the date of this press release.