Barracuda Networks - Wikipedia Autel; Lonsdor; Obdstar; Tango; Topdon; Xhorse; Xtool; Partes de cerraduras automotrices . Barracuda is a cloud-first provider of cybersecurity solutions for small and medium sized enterprises (SMEs). In todays deal announcement, neither KKR nor Barracuda mentioned Barracudas long-established MSP partner strategy. Kirkland & Ellis LLP is serving as legal counsel to Thoma Bravo and Barracuda. Participants in the SolicitationThe Company and its directors and executive officers may be deemed to be participants in the solicitation of proxies from the Companys stockholders with respect to the transaction. References to KKRs investments may include the activities of its sponsored funds and insurance subsidiaries. Thoma Bravo Completes Acquisition of Barracuda - Insider Get SaaS backup for your Microsoft 365 data with unlimited storage. Barracuda Networks acquires Palo Alto-based Fyde, rolls out cloud This strategy is based on the belief that employee engagement is a key driver in building stronger companies. Palo Alto Networks -and- Barracuda Firewalls w/Service Agreements We are very appreciative of Thoma Bravos support and very excited to be working with KKR on this next phase of Barracudas journey.. Stop bots from scraping confidential data, skewing web analytics, and impairing website performance. 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. 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.. The transaction is anticipated to close by the end of the year, subject to customary conditions. 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. Ensure compliance with safe learning regulations. 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. Barracuda to Acquire Intronis, Inc | Barracuda MSP KKR to buy cybersecurity firm Barracuda from Thoma Bravo in - Reuters For more information, visit www.thomabravo.com. . More than 220,000 global customers trust Barracuda to safeguard their employees, data, and applications from a . Simpson Thacher & Bartlett LLP is serving as legal counsel to KKR. Financial terms of the deal were not disclosed, though the deal's valuation was roughly $3.8 billion, according to Silicon Valley Business Journal. KKR sponsors investment funds that invest in private equity, credit and real assets and has strategic partners that manage hedge funds. 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. Come Join Our Passionate Team! 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. Article | Barracuda Networks Talent Acquisition Manager, MENA. Thoma Bravo invests with a particular focus on application and infrastructure software and technology enabled services. 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. 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. 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. That deal surfaced in July 2021. 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. We look forward to watching Barracudas continued success.. Barracuda Networks has purchased Skout Cybersecurity, a New York-based channel-only provider of extended detection and response (XDR) services. The offer represents a 52% premium to Datto's unaffected stock price of $23.37 as of March 16, 2022. Check out our security products for Google Cloud Platform. We expect that the acquisition strategy under KKR will be similar to what it has been, Naguib said. 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. The Barracuda acquisition is expected to close by the end of 2022, KKR indicated. Barracuda Networks, Inc. Territory Manager Job in Alpharetta, GA Barracuda completes acquisition of SKOUT Cybersecurity KKR buys Barracuda Networks from private equity firm Thoma Bravo. Barracuda Email ProtectionComplete security that stops all 13 email threat types and protects Microsoft 365 data. Campbell, Calif. (September 29, 2015) - Barracuda Networks, Inc. (NYSE: CUDA) today announced it has entered into a definitive agreement to acquire privately held Intronis, Inc. (Intronis), a leader in providing data protection solutions to managed service providers (MSPs), a fast-growing channel delivering IT services to small and medium-sized Participants in the Solicitation The Company and its directors and executive officers may be deemed to be participants in the solicitation of proxies from the Company's stockholders with respect to the transaction. "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. Barracuda plans to buy Skout Cybersecurity to provide MSPs with the technology and manpower needed to respond more effectively to cyberthreats. "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. All contents 2023 MSSP Alert and After Nines Inc. 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. More than 200,000 customers worldwide count on Barracuda to protect their email, networks, applications, and data. Barracuda has since grown into a business that generates over $500 million in annual revenue, KKR said. document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); Managed Security Services Providers (MSSP) News, Analysis and Cybersecurity Research. This strategy is based on the belief that employee engagement is a key driver in building stronger companies. 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. This site uses cookies to provide you with a more responsive and personalized service. 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. 646-436-6126 We believe every business deserves access to cloud-first, enterprise-grade security solutions that are easy to buy, deploy, and use. ", "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. We believe every business deserves access to cloud-first, enterprise-grade security solutions that are easy to buy, deploy, and use. 212-731-4778, Nicky Bryan Please read our cookie notice for more information on the cookies we use and how to delete or block them. 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. The firm invests in growth-oriented, innovative companies operating in the software and technology sectors. Swift and powerful, they are slender in form, with small scales, two well-separated dorsal fins, a jutting lower jaw, and a large mouth with many large, sharp teeth. Please click on "I understand" to view the presentation. Financial terms were not disclosed. 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. While Thoma helped Barracuda transform into a modern cloud company, KRR is expected to support an aggressive expansion strategy which will benefit both the company and its channel partners. Barracuda generates more than $500 million in annual revenue, the buyer indicated. This helpful guide contains hundreds of detailed . 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. 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. More recently, key Barracuda moves include buying Skout Cybersecurity for MSP-focused security operations center capabilities. Your email address will not be published. All forward-looking statements speak only as of the date they are made. As acquisition is the process to takes over the controlling interest of rivals, so another concern was to gain market share and . KKR to Acquire Barracuda Networks - darkreading.com Get security and networking solutions that are deployed natively in Microsoft Azure. Protect your customers and brand from advanced cyber threats. For more information, visit barracuda.com. References to KKRs investments may include the activities of its sponsored funds and insurance subsidiaries. Email: Investor-Relations@kkr.com. 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. 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.