The firm currently manages a series of private equity and debt funds representing more than $17.0 billion of capital commitments. 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. 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. 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. Cautionary Statement Regarding Forward-Looking Statements This press release contains forward-looking statements, including, but not limited to, statements regarding the potential timing and benefits of a transaction, the value and effectiveness of Barracuda's products, the introduction and timing of product enhancements or additional products, Barracuda's growth, expansion and market leadership and the expected completion and timing of the acquisition transaction and other information relating to the transaction, that involve risks, uncertainties, assumptions and other factors which, if they do not materialize or prove correct, could cause the actual results to differ materially from those expressed or implied by such forward-looking statements. We. NEW YORK & SAN FRANCISCO, April 12, 2022--(BUSINESS WIRE)--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. Protect patient data and avoid disruptions that could affect patient care. 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. KKR buys Barracuda Networks from private equity firm Thoma Bravo. Notify me of followup comments via e-mail. Enter a Master Password for the Barracuda Network Access Client. KKR is a leading global investment firm that offers alternative asset management as well as capital markets and insurance solutions. The Barracuda acquisition may not have been threatening to ION per se, but it might have alerted them to the utility of acquisitions in the sector, and in particular in the connectivity and integration section of the market. Rumors about Barracuda being up for sale have hit MSSP Alerts email inbox multiple times in recent weeks. Financing for the transaction is being provided by Goldman Sachs & Co. LLC, Credit Suisse, and UBS Investment Bank. If configured, it is required to shut down the NAC Client and make certain configuration changes. Get protection that goes beyond next-generation firewalls. For Thoma Bravo Matthew Gorton Hiltzik Media Strategies +1 212-776-1161 [emailprotected], For Barracuda MC Petermann +1 404-307-6290 [emailprotected], Maria Riley +1 415-217-7722 [emailprotected], Cision Distribution 888-776-0942 In todays deal announcement, neither KKR nor Barracuda mentioned Barracudas long-established MSP partner strategy. We look forward to watching Barracudas continued success.. 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. Thoma Bravo UK LLP is an Appointed Representative of Sapia Partners LLP which is regulated and authorised by the Financial Conduct Authority (FCA). 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. 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. KKRs insurance subsidiaries offer retirement, life and reinsurance products under the management of Global Atlantic Financial Group. "We look forward to watching Barracudas continued success.". Scan your Microsoft 365 for sensitive data and malware. 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. For more information, visit www.thomabravo.com. Barracuda has since grown into a business that generates over $500 million in annual revenue, KKR said. 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 anticipates that subsequent events and developments will cause its views to change. Barracuda 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. - 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. 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 "From multiple acquisitions to backend improvements, Barracuda has delivered tremendous value to its customers and partners. 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. Telephone: +1 (877) 610-4910 We are very appreciative of Thoma Bravos support and very excited to be working with KKR on this next phase of Barracudas journey.. "Were grateful to Thoma Bravo for their valuable strategic and operational support over the last four years.". Barracuda is a cloud-first provider of cybersecurity solutions for small and medium sized enterprises (SMEs). "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.". The sale of the company by Thoma Bravo to KKR means much more than simply changing the name on the front of the cheque, however. On 11February . Thoma Bravo to Acquire ABC Financial Services, Inc. Thoma Bravo invests with a particular focus on application and infrastructure software and technology enabled services. Guggenheim Securities, DBO Partners and Barclays served as financial advisors to KKR. Barracuda plans to buy Skout Cybersecurity to provide MSPs with the technology and manpower needed to respond more effectively to cyberthreats. All contents 2023 MSSP Alert and After Nines Inc. The Edge DR Tech Sections Close Back Sections Featured Sections The Edge Dark Reading Technology. "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. The transaction is anticipated to close by the end of the year, subject to customary conditions. There are different types of equity plans, and the plans can be different, even with KKR, Naguib said. 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. 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. This book was released on 1997 with total page 268 pages. J.P. Morgan is serving as exclusive financial advisor to Thoma Bravo and Barracuda. Mar 2021 - Present2 years 1 month. As you may have heard, Barracuda has acquired the Managed Workplace remote monitoring and management product line from Avast. 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. Get WAF protection in minutes with our application security service. 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. At Barracuda, we make the world a safer place. I expect that our employees, customers, and partners will benefit from this partnership. 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. 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. J.P. Morgan is serving as exclusive financial advisor to Thoma Bravo and Barracuda. Ensure compliance with safe learning regulations. Download or read book Challenger & Barracuda Restoration Guide, 1967-1974 written by Paul A. Herd and published by Motorbooks. . 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. The firm has offices in Chicago, Miami and San Francisco. Information about the Company's directors and executive officers and their ownership of Company Common Stock is set forth in the proxy statement on Schedule 14A filed with the SEC on June 28, 2017 and the Annual Report on Forms 10-K for the fiscal year ended February 28, 2017. 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. propos de nous: Depuis plus de 10 ans, le Centre dentaire le Perrot (CDIP) est ddi votre sant bucco-dentaire. Protect data wherever it resides to minimize downtime and prevent data loss. The proposed transaction is expected to close before Barracudas fiscal year end ofFeb. 28, 2018, and is subject to approval by Barracudas shareholders and regulatory authorities, and the satisfaction of other customary closing conditions. 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 Simpson Thacher & Bartlett LLP served as legal counsel to KKR. 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. Headquartered in Stockholm, the development and the manufacturing is undertaken in Linkping.Saab produced automobiles from 1947 until 1990 when the automobile division was spun off as Saab Automobile, a joint venture with General Motors. 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. These powerful, easy-to-use and affordable solutions are trusted by more than 150,000 organizations worldwide and are delivered in appliance, virtual appliance, cloud and hybrid deployment configurations. The forward-looking statements included in this press release represent Barracudas views as of the date of this press release. media@kkr.com, For Thoma Bravo: 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. 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. 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. 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. J.P. Morgan is serving as exclusive financial advisor to Thoma Bravo and Barracuda. Barracuda Networks, Inc. recently announced that it has officially completed its acquisition of SKOUT Cybersecurity. . We are in a very dynamic business. 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. 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. This strategy is based on the belief that employee engagement is a key driver in building stronger companies. 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. 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.
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