Protect your business and users from ransomware attacks in three easy steps. 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 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. Barracuda values partnership. Get security and networking solutions that are deployed natively in Microsoft Azure. As acquisition is the process to takes over the controlling interest of rivals, so another concern was to gain market share and . Your email address will not be published. Financial terms of the transaction were not disclosed. mfrank@thomabravo.com 4 ways Barracuda's acquisition of SKOUT Cybersecurity will help MSPs Barracuda is a provider of powerful, easy-to-use, affordable IT solutions for security and storage. Barracuda Agrees To Be Acquired By Thoma Bravo For $1.6 Billion More than 220,000 global customers trust Barracuda to safeguard their employees, data, and applications from a . Barracuda completes acquisition of SKOUT Cybersecurity Broadway Acquires Barracuda FX, Strengthens Senior FX Team 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. We expect that the acquisition strategy under KKR will be similar to what it has been, Naguib said. 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. Barracuda anticipates that subsequent events and developments will cause its views to change. 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. Stop zero-hour and advanced attacks that evade traditional detection techniques. 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. 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 transaction is anticipated to close by the end of the year, subject to customary conditions. All Rights Reserved. More information about Thoma Bravo can be found atwww.thomabravo.com. 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. Your email address will not be published. Barracuda. Barracuda Networks Acquired: KKR Buys Security Company From Thoma Bravo 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. Accept the License Agreement, and click Next. KKR To Acquire Barracuda Networks In Bid To 'Accelerate - CRN Subscribe to the daily e-mail newsletter from ChannelBuzz.ca and get the latest Canadian channel news delivered to your desktop every weekday morning. KKR to Acquire Barracuda Networks - Kohlberg Kravis Roberts Ensure compliance with safe learning regulations. 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. References to KKRs investments may include the activities of its sponsored funds and insurance subsidiaries. We are seeking talented, motivated sales performers who thrive in quick sales cycle environment. Barracuda completes acquisition of SKOUT Cybersecurity [32] In February 2018 Thoma Bravo announced that it has completed the acquisition. View source version on businesswire.com: https://www.businesswire.com/news/home/20220412005856/en/, For Barracuda Networks: Apply to Closer, Junior Account Manager, Software Consultant and more! In addition, KKRs business strategy is focused on the long-term and financial results are subject to significant volatility. We protect email, networks, data, and applications with innovative solutions that grow and adapt with our customers' journey. 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. Talent Acquisition Specialist jobs 2,414 open jobs Director of Education jobs 1,408 open jobs Estate Manager jobs 1,098 open jobs . We are very pleased with the results of our acquisition strategy. [] Security business Barracuda Networks acquired for $1.6 billion. We protect email, networks, data and applications with innovative solutions that grow and adapt with our customers' journey. 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. THREAT PREVENTION Spam, Malware, and Advanced Threat Protection Phishing and Impersonation Protection Account Takeover Protection Domain Fraud Protection Web Security Zero Trust Access for Microsoft 365 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. The firm has offices in Chicago, Miami and San Francisco. Barracuda completes acquisition of SKOUT Cybersecurity - PR Newswire For more information, visit barracuda.com. J.P. Morgan is serving as exclusive financial advisor to Thoma Bravo and Barracuda. Barracuda jobs Humi jobs Ethoca jobs Flipp jobs Ontario Medical Association jobs City of Richmond Hill jobs Sofina Foods Inc. jobs . Financial terms of the deal were not disclosed, though the deal's valuation was roughly $3.8 billion, according to Silicon Valley Business Journal. The firm has offices in Chicago, Miami and San Francisco. References to KKRs investments may include the activities of its sponsored funds and insurance subsidiaries. Campbell, California, United States. Autel; Lonsdor; Obdstar; Tango; Topdon; Xhorse; Xtool; Partes de cerraduras automotrices . Barracuda Networks - Wikipedia 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. Information regarding the identity of the potential participants, and their direct or indirect interests in the transaction, by security holdings or otherwise, will be set forth in the proxy statement and other materials to be filed with SEC in connection with the transaction. 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. Protect your physical locations with cloud-connected appliances and software that can be deployed on premises or in the cloud. "Thoma Bravo has an excellent history of investing in growing security businesses, and this transaction speaks to the value and strength of Barracuda's security platform, which helps customers protect and manage their networks, applications, and data. 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. Telephone: +1 (877) 610-4910 Twitter. Complete Web Application and API Protection (WAAP) platform to secure your workloads in the cloud. KKRs insurance subsidiaries offer retirement, life and reinsurance products under the management of Global Atlantic Financial Group. Palo Alto Networks -and- Barracuda Firewalls w/Service Agreements I expect that our employees, customers, and partners will benefit from this partnership. 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. The company's filing status is listed as Active and its File Number is 6150972. Protect websites and apps from advanced cyber-threats. SKOUT provides Cyber as a Service software for Managed Service Providers (MSPs), as well as an extended detection and response (XDR) platform and service. Protect data wherever it resides to minimize downtime and prevent data loss. 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. 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 went public on the New York Stock Exchange (NYSE) in late 2013, pricing its IPO at $18 and raising $75 million in the process. 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. 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 SEC's website (http://www.sec.gov) or at the Company's website (http://investor.Barracuda.com/) or by writing to the Company's Secretary at 3175 S. Winchester Blvd, Campbell CA 95008. 2022 Kohlberg Kravis Roberts & Co. L.P. All Rights Reserved. Still, Barracudas exact annual revenue and EBITDA profit figures are not currently disclosed. Barracudas are found in all warm and tropical regions; some also range into more temperate areas. 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 completes acquisition of SKOUT Cybersecurity 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. Available in PDF, EPUB and Kindle. Barracuda's Board of Directors unanimously approved the agreement, and believes the transaction maximizes shareholder value. Huobi has been operating in Argentina ever since an acquisition of a local platform last year. Outside US: +1 (212) 230-9410 One of our values at Barracuda is to succeed together. The cybersecurity vendor said its proposed purchase . 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. Barracuda Networks: Larger MSP Software Ambitions. Colombia - Pig butchering scam links back to Binance, Huobi exchanges Kirkland & Ellis LLP served as legal counsel to Thoma Bravo and Barracuda. Barracuda | LinkedIn The firm invests in growth-oriented, innovative companies operating in the software and technology sectors. Click Next. KKR Completes Acquisition of Barracuda from Thoma Bravo - Yahoo! Financing for the transaction is being provided by Goldman Sachs & Co. LLC, Credit Suisse, and UBS Investment Bank. Saab AB (originally Svenska Aeroplan AB, later just SAAB and Saab Group) is a Swedish aerospace and defence company, founded in 1937. KKRs insurance subsidiaries offer retirement, life and reinsurance products under the management of Global Atlantic Financial Group. KKR is a leading global investment firm that offers alternative asset management as well as capital markets and insurance solutions. When we were acquired by Thoma Bravo, we were a public company, but we had no ability to transform ourselves. in an all-cash transaction valued at$1.6 billion. 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. Since 2011, KKR has awarded billions of dollars of total equity value to over 45,000 non-management employees across more than 25 companies. Article | Barracuda Networks This strategy is based on the belief that employee engagement is a key driver in building stronger companies.