Teamwork at Barracuda is the key to everything we do and why we succeed. More than 200,000 customers worldwide count on Barracuda to protect their email, networks, applications, and data. KKRs insurance subsidiaries offer retirement, life and reinsurance products under the management of Global Atlantic Financial Group. 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. All contents 2023 MSSP Alert and After Nines Inc. We believe every business deserves access to cloud-first, enterprise-grade security solutions that are easy to buy, deploy, and use. 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. 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 | LinkedIn Learn how Barracuda can help. KKR feels that the management team has done a phenomenal job. ", "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. We protect email, networks, data and applications with innovative solutions that grow and adapt with our customers . Morgan Stanley& Co. LLC is serving as financial advisor to Barracuda, andWilson Sonsini Goodrich& Rosati, Professional Corporation, is serving as its legal advisors. Barracuda's expertise includes security operations centers (SOCs) for MSPs. Barracuda jobs Humi jobs Ethoca jobs Flipp jobs Ontario Medical Association jobs City of Richmond Hill jobs Sofina Foods Inc. jobs . For more information, visit www.thomabravo.com. Barracuda completes acquisition of SKOUT Cybersecurity 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. Barracuda plans acquisition of Skout Cybersecurity KKR sponsors investment funds that invest in private equity, credit and real assets and has strategic partners that manage hedge funds. 2022 Kohlberg Kravis Roberts & Co. L.P. All Rights Reserved. Getting started is easy. - Collaborate with . San Francisco, CA 94105 +1 (415) 263-3660. KKR Scooping Up Barracuda Networks from Thoma Bravo for $4 Billion View source version on businesswire.com: https://www.businesswire.com/news/home/20220412005856/en/, For Barracuda Networks: 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. 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. Financial terms were not disclosed. 4 ways Barracuda's acquisition of SKOUT Cybersecurity will help MSPs 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. 2016 - 20182 . Past performance is not necessarily indicative of future results. 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. Apply to Closer, Junior Account Manager, Software Consultant and more! 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.. Mar 2021 - Present2 years 1 month. 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. Article | Barracuda Networks 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). 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 (eBook/PDF) Challenger And Barracuda Restoration Guide 1967 74 Online At Barracuda we strive to make the world a safer place. 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.. KKR Completes Acquisition of Barracuda from Thoma Bravo There are different types of equity plans, and the plans can be different, even with KKR, Naguib said. Barracuda plans to buy Skout Cybersecurity to provide MSPs with the technology and manpower needed to respond more effectively to cyberthreats. 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. KKRs insurance subsidiaries offer retirement, life and reinsurance products under the management of Global Atlantic Financial Group. jelam@barracuda.com, For KKR: NEW YORK & SAN FRANCISCO - (BUSINESS WIRE)- KKR, a leading global investment firm, today announced the signing of a definitive agreement under which KKR's 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. 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. Since 2011, KKR has awarded billions of dollars of total equity value to over 45,000 non-management employees across more than 25 companies. Barracuda will implement KKR's broad-based employee ownership program, which makes all employees owners in their respective businesses alongside KKR. We are in a very dynamic business. Privacy Policy |Website Terms & Conditions. On 11February . The companies didn't disclose terms of the deal, but sources familiar with it said that KKR would be paying nearly $4 . For additional information, please visit barracuda.com. We are very appreciative of Thoma Bravos support and very excited to be working with KKR on this next phase of Barracudas journey.. Autel; Lonsdor; Obdstar; Tango; Topdon; Xhorse; Xtool; Partes de cerraduras automotrices . 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. KKR Completes Acquisition of Barracuda from Thoma Bravo KKR is a leading global investment firm that offers alternative asset management as well as capital markets and insurance solutions. Automate security policy compliance in the cloud. dentalcorp hiring Secrtaire Dentaire - Centre Dentaire le-Perrot in L Barracuda Networks, Barracuda, and the Barracuda Networks logo are registered trademarks of Barracuda Networks, Inc. in the US and other countries. This is technology M&A deal number 372 that MSSP Alert and sister site ChannelE2Ehave covered so far in 2022. "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. The proposed transaction is expected to close before Barracuda's fiscal year end of Feb. 28, 2018, and is subject to approval by Barracuda's shareholders and regulatory authorities, and the satisfaction of other customary closing conditions. 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. The firm invests in growth-oriented, innovative companies operating in the software and technology sectors. Simpson Thacher & Bartlett LLP is serving as legal counsel to KKR. A global crypto scam involving Binance and Huobi exchanges is targeting victims in Colombia, Venezuela, Mexico and Argentina. CAMPBELL, Calif., Feb. 12, 2018 /PRNewswire/ -- Thoma Bravo, LLC., a leading private equity investment firm, today announced that it has completed. Barracuda Networks: Larger MSP Software Ambitions. The forward-looking statements included in this press release represent Barracuda's views as of the date of this press release. 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 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. Save my name, email, and website in this browser for the next time I comment. NEW YORK, NY and SAN FRANCISCO, CA April 12, 2022 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. 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. We expect that the acquisition strategy under KKR will be similar to what it has been, Naguib said. The cybersecurity vendor said its proposed purchase . "From multiple acquisitions to backend improvements, Barracuda has delivered tremendous value to its customers and partners. If configured, it is required to shut down the NAC Client and make certain configuration changes. Botes Exhibidores; Llaveros; Anualidades para Equipos. 2003 - 2022 Barracuda Networks, Inc. All rights reserved. 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 transaction is anticipated to close by the end of the year, subject to customary conditions. This press release features multimedia. Job ID: 23-831. Stop API attacks and improve customer experience. View the full release here: https://www.businesswire.com/news/home/20220816005239/en/. 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. Simpson Thacher & Bartlett LLP is serving as legal counsel to KKR. The firm invests in growth-oriented, innovative companies operating in the software and technology sectors. Its the same company, he said. J.P. Morgan is serving as exclusive financial advisor to Thoma Bravo and Barracuda. We. ", "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. 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. All Rights Reserved. in an all-cash transaction valued at $1.6 billion. Barracuda intends all such forward-looking statements to be covered by the safe harbor provisions for forward-looking statements contained in Section 21E of the Exchange Act and the Private Securities Litigation Reform Act of 1995. [32] In February 2018 Thoma Bravo announced that it has completed the acquisition. KKR to Acquire Barracuda Networks The transaction is anticipated to close by the end of the year. Monika Dang (she/her) - Technical Talent Partner - Barracuda - LinkedIn 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. 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. BARRACUDA ACQUISITIONCO, INC. in Wilmington, DE | Company Info - Bizapedia Twitter. KKR is a leading global investment firm that offers alternative asset management as well as capital markets and insurance solutions. Il regroupe sous un mme toit tous les services de dentisterie afin de vous accompagner, votre famille et vous, tout au long de votre vie. Multiple KKR, Barracuda and Thoma Bravo sources offered prepared statements on the deal. The firm invests in growth-oriented, innovative companies operating in the software and technology sectors. 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. 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. KKR has acquired Barracuda Networks from private equity firm Thoma Bravo. 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. Fill out this form to get a full-featured version of Barracuda Cloud-to-Cloud Backup free for 14 days. This press release features multimedia. SKOUT provides Cyber as a Service software for Managed Service Providers (MSPs), as well as an extended detection and response (XDR) platform and service. Accessorios. LiveVox continues to build out fledgling channel strategy with launch of ACTivate channel program, Pax8, AWS sign distribution deal to bring AWS into Pax8 solutions , Sage ramps up automation of Sage Intacct solution, Pure Storage tackles broad sub-$0.20 per GB disk market with FlashBlade//E, Aptum sees strong channel opportunities in new Multi-Tenant Cloud Solution, Zero-Trust vendor Cyolo restructures partner program, Salt Security enhances certification and training capabilities with Essential Partner Certification Program, Startup Entitle comes out of stealth with novel SaaS-based cloud permissions management platform solution. 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. 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. Saab AB - Wikipedia We look forward to watching Barracudas continued success.. Barracuda has announced future discontinuation of its Copy and CudaDrive services as of May 2016. We believe every business deserves access to cloud-first, enterprise-grade security solutions that are easy to buy, deploy, and use. KKR Completes Acquisition of Barracuda from Thoma Bravo KKR & Co. announced Tuesday it's agreed to buy Barracuda from Thoma Bravo LP. Zoom Video Communications, Inc. (NASDAQ:ZM) Q4 2023 Earnings Call At Barracuda, we make the world a safer place. For more information, visit www.thomabravo.com. 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. Barracuda completes acquisition of SKOUT Cybersecurity View the full release here: https://www.businesswire.com/news/home/20220412005856/en/. Notify me of followup comments via e-mail. Acquisition from Thoma Bravo to further accelerate growth of leading cybersecurity software provider. 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 "Were ready to deliver on our next phase of growth with KKR and remain dedicated to investing in our team and product portfolio to provide innovative cybersecurity solutions for our customers and partners," said Hatem Naguib, CEO of Barracuda. Barracuda Networks has been acquired by KKR, an investment outfit taking the company over from past owner Thoma Bravo. 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. We believe every business deserves access to cloud-first, enterprise-grade security solutions that are easy to buy, deploy, and use. The Registered Agent on file for this company is Corporation Service Company and is located at 251 Little Falls Drive, Wilmington, DE 19808. Barracudas Board of Directors unanimously approved the agreement, and believes the transaction maximizes shareholder value. Barracuda is the digital marketing agency that can help you surface real value We're a London based digital marketing agency Based out of Waterloo in London, we're an independent digital marketing agency all about delivering value to our clients. Thoma Bravo invests with a particular focus on application and infrastructure software and technology enabled services.