"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. We are seeking talented, motivated sales performers who thrive in quick sales cycle environment. The SKOUT acquisition last year, which added a SOC and XDR capability, was a particularly great acquisition. 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. Telephone: +1 (877) 610-4910 For more information, visit barracuda.com. 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. We look forward to watching Barracudas continued success.. 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. By using this site you agree to our use of cookies. View the full release here: https://www.businesswire.com/news/home/20220816005239/en/. Before viewing this presentation, please acknowledge your understanding that it has been prepared for KKR & Co. Inc. (NYSE:KKR) for the benefit of its public stockholders and is not intended to be a solicitation or sale of any of the securities, funds or services that it may discuss. Morgan Stanley& Co. LLC is serving as financial advisor to Barracuda, andWilson Sonsini Goodrich& Rosati, Professional Corporation, is serving as its legal advisors. 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. Barracuda has since grown into a business that generates over $500 million in annual revenue, KKR said. From multiple acquisitions to backend improvements, Barracuda has delivered tremendous value to its customers and partners.. Learn how Barracuda can help. For additional information about KKR & Co. Inc. (NYSE: KKR), please visit KKRs website at www.kkr.com and on Twitter @KKR_Co. It has also made a series of acquisitions, including buying extended detection and response. Envision yourself at Barracuda! KKR has acquired Barracuda Networks from private equity firm Thoma Bravo. Environmental, Social and Governance (ESG), HVAC (Heating, Ventilation and Air-Conditioning), Machine Tools, Metalworking and Metallurgy, Aboriginal, First Nations & Native American, Barracuda Networks extends Barracuda Championship sponsorship through 2025, Cost of an email-borne security attack can on average exceed $1 million. We want to do it in a way that will be of advantage to all.. That transformation was very successful for us. We look forward to watching Barracudas continued success.. "We are very appreciative of Thoma Bravos support and very excited to be working with KKR on this next phase of Barracudas journey. 57 Closer jobs available in Candlewyck, NJ on Indeed.com. View the full release here: https://www.businesswire.com/news/home/20220412005856/en/. [32] In February 2018 Thoma Bravo announced that it has completed the acquisition. Browse our security and network solutions designed specifically for AWS. Your email address will not be published. We look forward to watching Barracudas continued success.. 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. 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 is serving as legal counsel to Thoma Bravo and Barracuda. 408-813-7762 Protect students and faculty from ransomware and other cyber attacks. The firm has offices in Chicago, Miami and San Francisco. For additional information about KKR & Co. Inc. (NYSE: KKR), please visit KKRs website at www.kkr.com and on Twitter @KKR_Co. Guggenheim Securities, DBO Partners and Barclays are serving as financial advisors to KKR. The company's filing status is listed as Active and its File Number is 6150972. 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. 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. This strategy is based on the belief that employee engagement is a key driver in building stronger companies. 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. In cybersecurity, you cannot sit on your laurels. Simpson Thacher & Bartlett LLP is serving as legal counsel to KKR. Barracudas Board of Directors unanimously approved the agreement, and believes the transaction maximizes shareholder value. 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. 212-731-4778, Nicky Bryan J.P. Morgan is serving as exclusive financial advisor to Thoma Bravo and Barracuda. Barracuda focuses on serving SMEs and has more than 200,000 customers worldwide across a variety of industries. For more information, visit www.barracuda.com. media@kkr.com, For Thoma Bravo: Guggenheim Securities, DBO Partners and Barclays served as financial advisors to KKR. Barracuda anticipates that subsequent events and developments will cause its views to change. Privacy Policy |Website Terms & Conditions. The company's shares hit a high of around $45 in 2015, and. We expect that the acquisition strategy under KKR will be similar to what it has been, Naguib said. "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. 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. 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. For additional information, please visitbarracuda.com. J.P. Morgan served as exclusive financial advisor to Thoma Bravo and Barracuda. 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. Naguib confirmed that the existing Barracuda leadership team will not be going anywhere with the ownership change. Actual results may differ materially from those projected in such statements due to various factors, including, but not limited to, (i)the risk that the transaction may not be consummated in a timely manner, if at all; (ii)the risk that the transaction may not be consummated and that, in certain circumstances, the Company may not be entitled to a termination fee; (iii)the risk that the definitive merger agreement may be terminated in circumstances that require the Company to pay a termination fee; (iv)risks related to the diversion of management's attention from the Company's ongoing business operations; (v)risks regarding the failure of the relevant Thoma Bravo affiliate to obtain the necessary financing to complete the transaction; (vi)the effect of the announcement of the transaction on the Company's business relationships (including, without limitation, customers and suppliers), operating results and business generally; and (vii)risks related to obtaining the requisite consents to the transaction, including, without limitation, the timing (including possible delays) and receipt of regulatory approvals from various domestic and foreign governmental entities (including any conditions, limitations or restrictions placed on these approvals) and the risk that one or more governmental entities may deny approval. Accept the License Agreement, and click Next. 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 undertakes no intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. The firm has offices in Chicago, Miami and San Francisco. This strategy is based on the belief that employee engagement is a key driver in building stronger companies. For more information, visit www.thomabravo.com. Financial terms were not disclosed. 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. 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. 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 ACQUISITIONCO, INC. is a Delaware Domestic Corporation filed on August 9, 2021. The cybersecurity vendor said its proposed purchase . 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. While Barracudas acquisition in 2013 by Thoma Bravo helped the company a lot in transforming itself into a cloud-first company with a modern comprehensive portfolio, they think KKR is even better situated to Barracudas current stage of the growth cycle. in an all-cash transaction valued at $1.6 billion. We protect email, networks, data, and applications with innovative solutions that grow and adapt with our customers' journey. More information about Thoma Bravo can be found at www.thomabravo.com. We feel very strong alignment with this, Naguib indicated. Over the past 20 years, the firm has acquired or invested in more than 375 companies representing over $190 billion in enterprise value. 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 Megan Frank At Barracuda we strive to make the world a safer place. 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. Were here to help you protect and support your customers for life with enterprise-grade, cloud-ready security solutions. 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. Nicky.bryan@fgh.com, Craig Larson 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. The transaction is anticipated to close by the end of the year, subject to customary conditions. Thoma Bravo 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. Guggenheim Securities, DBO Partners and Barclays are serving as financial advisors to KKR. The transaction is anticipated to close by the end of the year, subject to customary conditions. Financial terms of the deal were not disclosed, though the deals valuation was roughly $3.8 billion, according to Silicon Valley Business Journal. Explore how Barracuda protects state and local government websites and data. Thoma Bravo acquired Barracuda in 2018 in a $1.6 billion cash deal. KKR feels that the management team has done a phenomenal job. 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. Ensure compliance with safe learning regulations. Discovery Company profile page for Herzog Technologies, Inc. including technical research,competitor monitor,market trends,company profile& stock symbol This is technology M&A deal number 372 that MSSP Alert and sister site ChannelE2E have covered so far in 2022. References to KKRs investments may include the activities of its sponsored funds and insurance subsidiaries. We believe every business deserves access to cloud-enabled, enterprise-grade security solutions that are easy to buy, deploy, and use. In addition, KKRs business strategy is focused on the long-term and financial results are subject to significant volatility. 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. "With this acquisition, Barracuda is providing distributed businesses a new way to modernise remote access, enforce global security and access policies, and achieve seamless connectivity without . That deal surfaced in July 2021. 212-750-8300 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. "Were grateful to Thoma Bravo for their valuable strategic and operational support over the last four years.". Financing for the transaction is being provided by Goldman Sachs & Co. LLC, Credit Suisse, and UBS Investment Bank. At Barracuda we strive to make the world a safer place. Simpson Thacher & Bartlett LLP served as legal counsel to KKR. 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. Barracuda Networks has purchased Skout Cybersecurity, a New York-based channel-only provider of extended detection and response (XDR) services. Our channel is supremely important to us. For more information, visit www.thomabravo.com. Under the program they have been driving, universal equity becomes part of what they share with everyone from lower level employees up to managers and senior level people.. 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. 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. 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.
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