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More information about Thoma Bravo can be found at www.thomabravo.com. Saab AB (originally Svenska Aeroplan AB, later just SAAB and Saab Group) is a Swedish aerospace and defence company, founded in 1937. in an all-cash transaction valued at$1.6 billion. Thoma Bravo Completes Acquisition of Barracuda - Insider 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. KKR is a leading global investment firm that offers alternative asset management as well as capital markets and insurance solutions. Barracuda Completes Acquisition of SKOUT Cybersecurity 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. 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 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. CAMPBELL, Calif., Nov. 27, 2017 /PRNewswire/ -- 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. 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. When we were acquired by Thoma Bravo, we were a public company, but we had no ability to transform ourselves. KKR to buy cybersecurity firm Barracuda from Thoma Bravo in - Reuters 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. 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. 2016 - 20182 . A global crypto scam involving Binance and Huobi exchanges is targeting victims in Colombia, Venezuela, Mexico and Argentina. Finsbury Glover Hering 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.. Barracuda Networks, Inc., 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. 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. Observed Seth Boro, a managing partner at Thoma Bravo: Over the course of Thoma Bravos four-year partnership, Barracuda has solidified its position as an industry leader in cloud-first cybersecurity software. 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. We are seeking talented, motivated sales performers who thrive in quick sales cycle environment. 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. Barracuda anticipates that subsequent events and developments will cause its views to change. Barracuda Email ProtectionComplete security that stops all 13 email threat types and protects Microsoft 365 data. Barracuda's customer-centric business model focuses on delivering high-value, subscription-based IT solutions that provide end-to-end network and data protection. 212-731-4778, Nicky Bryan Mar 2021 - Present2 years 1 month. This press release features multimedia. Barracuda to Acquire Intronis, Inc | Barracuda MSP 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 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. For additional information, please visitbarracuda.com. We protect email, networks, data, and applications with innovative solutions that grow and adapt with our customers' journey. Get started in minutes. At Barracuda we strive to make the world a safer place. More than 220,000 global customers trust Barracuda to safeguard their employees, data, and applications from a . 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. Book excerpt: Revive the muscular good looks and horsepower of your E-body! 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. Information about the Companys 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 onJune 28, 2017and the Annual Report on Forms 10-K for the fiscal year endedFebruary 28, 2017. 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). Job ID: 23-831. Barracuda Networks acquires Palo Alto-based Fyde, rolls out cloud More than 200,000 customers worldwide count on Barracuda to protect their email, networks, applications, and data. 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. Kirkland & Ellis LLP is serving as legal counsel to Thoma Bravo and Barracuda. "From multiple acquisitions to backend improvements, Barracuda has delivered tremendous value to its customers and partners. Essay About Barracuda Consider Acquisition And Clearer Picture Barracuda expects acquisition by private equity firm KKR will drive From multiple acquisitions to backend improvements, Barracuda has delivered tremendous value to its customers and partners.. The forward-looking statements included in this press release represent Barracuda's views as of the date of this press release. Kirkland & Ellis LLP is serving as legal counsel to Thoma Bravo and Barracuda. The companies didn't disclose terms of the deal, but sources familiar with it said that KKR would be paying nearly $4 . Talent Acquisition Manager, MENA. While Barracuda's 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 Barracuda's current stage of the growth cycle. Barracuda. Additional Information and Where to Find It In connection with the transaction, the Company will file relevant materials with the SEC, including a preliminary proxy statement on Schedule 14A. 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. Barracuda Networks Acquired: KKR Buys Security Company From Thoma Bravo We protect email, networks, data, and applications with innovative solutions that grow and adapt with our customers journey. Thoma Bravo UK LLP is an Appointed Representative of Sapia Partners LLP which is regulated and authorised by the Financial Conduct Authority (FCA). KKR sponsors investment funds that invest in private equity, credit and real assets and has strategic partners that manage hedge funds. 2003 - 2022 Barracuda Networks, Inc. All rights reserved. At Barracuda we strive to make the world a safer place. 57 Closer jobs available in Candlewyck, NJ on Indeed.com. Article | Barracuda Networks 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. Barracuda Networks: Larger MSP Software Ambitions. Concluded Chip Virnig, a partner at Thoma Bravo: 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. Your email address will not be published. References to KKRs investments may include the activities of its sponsored funds and insurance subsidiaries. The firm invests in growth-oriented, innovative companies operating in the software and technology sectors. Thoma Bravo has an excellent history of investing in growing security businesses, and this transaction speaks to the value and strength of Barracudas security platform, which helps customers protect and manage their networks, applications, and data. Barracuda is a provider of powerful, easy-to-use, affordable IT solutions for security and storage. KKR does not undertake any obligation to update any forward-looking statements to reflect circumstances or events that occur after the date on which such statements were made except as required by law. 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. View source version on businesswire.com: https://www.businesswire.com/news/home/20220412005856/en/, For Barracuda Networks: Campbell, California, United States. 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.. References to KKRs investments may include the activities of its sponsored funds and insurance subsidiaries. If configured, it is required to shut down the NAC Client and make certain configuration changes. ", "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. Please click on "I understand" to view the presentation. 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. 4 ways Barracuda's acquisition of SKOUT Cybersecurity will help MSPs Hello, everyone, and welcome to Zoom's Q4 FY '23 Earnings Release Webinar. Barracuda jobs Humi jobs Ethoca jobs Flipp jobs Ontario Medical Association jobs City of Richmond Hill jobs Sofina Foods Inc. jobs . Barracuda completes acquisition of SKOUT Cybersecurity in an all-cash transaction valued at $1.6 billion. This site uses cookies to provide you with a more responsive and personalized service. "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.". Thoma Bravo, LLC., a leading private equity investment firm, today announced that it has completed its acquisition of Barracuda Networks, Inc. in an all-cash transaction valued at $1.6 billion. Barracuda has since grown into a business that generates over $500 million in annual revenue, KKR said. 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. Morgan Stanley& Co. LLC is serving as financial advisor to Barracuda, and Wilson Sonsini Goodrich & Rosati, Professional Corporation, is serving as its legal advisors. View the full release here: https://www.businesswire.com/news/home/20220816005239/en/. References to KKRs investments may include the activities of its sponsored funds and insurance subsidiaries. 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. "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. Get WAF protection in minutes with our application security service. We believe every business deserves access to cloud-first, enterprise-grade security solutions that are easy to buy, deploy, and use. Explore how Barracuda protects state and local government websites and data. For additional information about KKR & Co. Inc. (NYSE: KKR), please visit KKRs website at www.kkr.com and on Twitter @KKR_Co. 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. The company's shares hit a high of around $45 in 2015, and. "We are very appreciative of Thoma Bravos support and very excited to be working with KKR on this next phase of Barracudas journey. We believe every business deserves access to cloud-first, enterprise-grade security solutions that are easy to buy, deploy, and use. Barracuda focuses on serving SMEs and has more than 200,000 customers worldwide across a variety of industries. Barracuda acquires Skout Cybersecurity to enter the XDR market We are very pleased with the results of our acquisition strategy. Financing for the transaction is being provided by Goldman Sachs & Co. LLC, Credit Suisse, and UBS Investment Bank. The firm invests in growth-oriented, innovative companies operating in the software and technology sectors. As acquisition is the process to takes over the controlling interest of rivals, so another concern was to gain market share and . Barracuda shareholders of record will receive$27.55in cash for each share of Barracuda common stock they hold. Brazil, Peru and Chile were less targeted. But MSPs have been a top go-to-market channel for Barracuda since about 2016 or so. Download or read book Challenger & Barracuda Restoration Guide, 1967-1974 written by Paul A. Herd and published by Motorbooks. "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. We are very appreciative of Thoma Bravos support and very excited to be working with KKR on this next phase of Barracudas journey., We continue to see cybersecurity as a highly attractive sector and are excited to back a clear leader in the space, said John Park, Head of Americas Technology Private Equity at KKR. 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 transaction is anticipated to close by the end of the year, subject to customary conditions. Supported by our Lead . Get SaaS backup for your Microsoft 365 data with unlimited storage. 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. Financial services are a prime target for cyber attacks. 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. 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. 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. Simpson Thacher & Bartlett LLP is serving as legal counsel to KKR. Getting started is easy. For additional information about KKR & Co. Inc. (NYSE: KKR), please visit KKRs website at www.kkr.com and on Twitter @KKR_Co. "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 . 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 solutions, today announced that KKR's investment funds have completed an acquisition of Barracuda from Thoma Bravo, a leading . Though above Barracuda's 52-week high, the price is down from the over $40 per share where the stock was trading in 2015. | Zdnet Zoom Video Communications, Inc. (NASDAQ:ZM) Q4 2023 Earnings Call Transcript February 27, 2023 Kelcey McKinley: Well. 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. 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. 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. Barracuda will implement KKRs broad-based employee ownership program, which makes all employees owners in their respective businesses alongside KKR. Still, Barracudas exact annual revenue and EBITDA profit figures are not currently disclosed. Barracuda Agrees To Be Acquired By Thoma Bravo For $1.6 Billion 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. 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. What Managed Workplace's acquisition means for MSPs - Smarter MSP 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. document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); Managed Security Services Providers (MSSP) News, Analysis and Cybersecurity Research. e-mail. Financial terms of the deal were not disclosed, though the deal's valuation was roughly $3.8 billion, according to Silicon Valley Business Journal. Acquisition from Thoma Bravo to further accelerate growth of leading cybersecurity software provider. Get started in minutes. The firm invests in growth-oriented, innovative companies operating in the software and technology sectors. Huobi has been operating in Argentina ever since an acquisition of a local platform last year. Barracuda Completes Acquisition of SKOUT Cybersecurity - XaaS Journal KKR to Acquire Barracuda Networks The transaction is anticipated to close by the end of the year. 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. It has also made a series of acquisitions, including buying extended detection and response. KKR sponsors investment funds that invest in private equity, credit and real assets and has strategic partners that manage hedge funds. SKOUT is based in Melville, NY. Teamwork at Barracuda is the key to everything we do and why we succeed. Barracuda Networks has purchased Skout Cybersecurity, a New York-based channel-only provider of extended detection and response (XDR) services. 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. See more than 1,000 technology M&A deals listed here, buying Skout Cybersecurity for MSP-focused security operations center capabilities, Top 250 Managed Security Services Providers (MSSP) Company List, Top 40 Managed Detection and Response (MDR) Company List, MSSP M&A List: 100+ Managed Security Buyers, Sellers and Investors. The firm currently manages a series of private equity and debt funds representing more than$17.0 billionof capital commitments. (eBook/PDF) Challenger And Barracuda Restoration Guide 1967 74 Online Guggenheim Securities, DBO Partners and Barclays are serving as financial advisors to KKR. ", "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. Stop API attacks and improve customer experience. To the extent the Companys directors and executive officers holdings of the Companys securities have changed since the amounts printed in the Companys proxy statement, such changes have been or will be reflected on Statements of Change in Ownership on Form 4 filed with the SEC.