All contents 2023 MSSP Alert and After Nines Inc. Barracuda Networks: Larger MSP Software Ambitions. 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 KKR's investment funds will. The firm has offices in Chicago, Miami and San Francisco. All Rights Reserved. Supported by our Lead Development team, you will balance receiving . Barracuda completes acquisition of SKOUT Cybersecurity 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 Thoma Bravo invests with a particular focus on application and infrastructure software and technology enabled services. 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. Article | Barracuda Networks For additional information about KKR & Co. Inc. (NYSE: KKR), please visit KKRs website at www.kkr.com and on Twitter @KKR_Co. J.P. Morgan served as exclusive financial advisor to Thoma Bravo and Barracuda. 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 book was released on 1997 with total page 268 pages. Kirkland & Ellis LLP is serving as legal counsel to Thoma Bravo and Barracuda. 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. 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 believe that Barracuda is at the forefront of innovation in several highly strategic areas of the cybersecurity market and are excited to be the companys partner in the next phase of its growth.. Deploy simple and scalable security with no software or hardware to install. 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. Financing for the transaction is being provided by Goldman Sachs & Co. LLC, Credit Suisse, and UBS Investment Bank. We expect that the acquisition strategy under KKR will be similar to what it has been, Naguib said. San Francisco, CA 94105 +1 (415) 263-3660. Barracuda Networks Acquired: KKR Buys Security Company From Thoma Bravo Since 2011, KKR has awarded billions of dollars of total equity value to over 45,000 non-management employees across more than 25 companies. "We look forward to watching Barracudas continued success.". Vis Tox cheville expansion Barracuda 14 x 70 mm, 20 pices, 013100121 Protect your customers and brand from advanced cyber threats. 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. 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. Kirkland & Ellis LLP is serving as legal counsel to Thoma Bravo and Barracuda. References to KKRs investments may include the activities of its sponsored funds and insurance subsidiaries. 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. Broadway Acquires Barracuda FX, Strengthens Senior FX Team We protect email, networks, data, and applications with innovative solutions that grow and adapt with our customers' journey. Previous investments included Ping, Cylance, DarkTrace, ForgeRock, NetSPI and Optiv, among others, the investor notes. "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 expects acquisition by private equity firm KKR will drive Check out our real-time view of global cyber threats, collected from millions of data points. 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 managements attention from the Companys 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 Companys 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. 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. 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). BARRACUDA ACQUISITIONCO, INC. Thoma Bravo UK LLP is an Appointed Representative of Sapia Partners LLP which is regulated and authorised by the Financial Conduct Authority (FCA). Barracuda plans acquisition of Skout Cybersecurity 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. That includes education, government, financial services, health care, retail, consumer goods and manufacturing. Simpson Thacher & Bartlett LLP served as legal counsel to KKR. Enter a Master Password for the Barracuda Network Access Client. Barracuda Networks, Inc. recently announced that it has officially completed its acquisition of SKOUT Cybersecurity. Barracuda acquires Skout Cybersecurity to enter the XDR market More recently, key Barracuda moves include buying Skout Cybersecurity for MSP-focused security operations center capabilities. Additional information about factors affecting KKR, including a description of risks that may be important to a decision to purchase or sell any common or preferred stock of KKR & Co. Inc., can be found in KKR & Co. Inc.s Annual Report on Form 10-K, Quarterly Reports on Form 10-Q and its other filings with the SEC, which are available at www.sec.gov. 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. The firm currently manages a series of private equity and debt funds representing more than$17.0 billionof capital commitments. Barracuda will implement KKRs broad-based employee ownership program, which makes all employees owners in their respective businesses alongside KKR. Envision yourself at Barracuda! 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. 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. 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. Financial terms were not disclosed. Outside US: +1 (212) 230-9410 ", "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. [33] Nicky.bryan@fgh.com, Craig Larson 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. [31] In November 2017, private equity firm Thoma Bravo announced they were taking Barracuda Networks private in a $1.6 billion buyout. 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. A global crypto scam involving Binance and Huobi exchanges is targeting victims in Colombia, Venezuela, Mexico and Argentina. Monika Dang (she/her) - Technical Talent Partner - Barracuda - LinkedIn Barracudas Board of Directors unanimously approved the agreement, and believes the transaction maximizes shareholder value. This press release features multimedia. "We are very appreciative of Thoma Bravos support and very excited to be working with KKR on this next phase of Barracudas journey. View the full release here: https://www.businesswire.com/news/home/20220412005856/en/. The transaction is anticipated to close by the end of the year, subject to customary conditions. 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. KKR has acquired Barracuda Networks from private equity firm Thoma Bravo. KKR To Acquire Barracuda Networks In Bid To 'Accelerate - CRN Hello, everyone, and welcome to Zoom's Q4 FY '23 Earnings Release Webinar. 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. 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. This press release features multimedia. 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. "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. Book excerpt: Revive the muscular good looks and horsepower of your E-body! 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. Barracuda Agrees To Be Acquired By Thoma Bravo For $1.6 Billion, Riskonnect Acquires Aruvio, Expands Governance, Risk and Compliance Offering. Talent Acquisition Manager, MENA. 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. KKR Completes Acquisition of Barracuda from Thoma Bravo Register for a free trial. | Barracuda Networks Barracuda Closes Acquisition of SKOUT Cybersecurity We believe every business deserves access to cloud-first, enterprise-grade security solutions that are easy to buy, deploy, and use. Barracuda completes acquisition of SKOUT Cybersecurity More than 220,000 global customers trust Barracuda to safeguard their employees, data, and applications from a . Click Next. There are different types of equity plans, and the plans can be different, even with KKR, Naguib said. Barracuda will implement KKR's broad-based employee ownership program, which makes all employees owners in their respective businesses alongside KKR. 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. 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. Though above Barracuda's 52-week high, the price is down from the over $40 per share where the stock was trading in 2015. We believe every business deserves access to cloud-enabled, enterprise-grade security solutions that are easy to buy, deploy, and use. 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. 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. 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. For more information, visit www.thomabravo.com. 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. Getting started is easy. Barracuda | LinkedIn Get SaaS backup for your Microsoft 365 data with unlimited storage. Facebook. 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 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. VVDI MB Tool Power adapter work with VVDI MB for Quick Data Acquisition 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. KKR sponsors investment funds that invest in private equity, credit and real assets and has strategic partners that manage hedge funds. 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. These forward-looking statements should not be relied upon as representing Barracudas views as of any date subsequent to the date of this press release. Get WAF protection in minutes with our application security service. 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. J.P. Morgan is serving as exclusive financial advisor to Thoma Bravo and Barracuda. For more information, visit barracuda.com. Stop bots from scraping confidential data, skewing web analytics, and impairing website performance. We. 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. At Barracuda we strive to make the world a safer place. PDF Press Releases Sheppard Mullin Advises SKOUT Cybersecurity in KKR sponsors investment funds that invest in private equity, credit and real assets and has strategic partners that manage hedge funds. The firm invests in growth-oriented, innovative companies operating in the software and technology sectors. ", "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. Meanwhile, KKR has expansive experience in the cybersecurity and MSSP markets. 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 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 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. Barracuda Networks - Crunchbase Company Profile & Funding 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. 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. 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. e-mail. KKRs insurance subsidiaries offer retirement, life and reinsurance products under the management of Global Atlantic Financial Group. Automate security policy compliance in the cloud. KKR Scooping Up Barracuda Networks from Thoma Bravo for $4 Billion Barracuda hiring Manager, Technical Support in Bengaluru, Karnataka Financial terms were not disclosed. Email. The deal, the terms of which were not disclosed,. Barracuda completes acquisition of SKOUT Cybersecurity Barracuda Networks, Inc. Territory Manager Job in Alpharetta, GA Protect websites and apps from advanced cyber-threats. jelam@barracuda.com, For KKR: Barracuda Completes Acquisition of SKOUT Cybersecurity - XaaS Journal The firm seeks to create value by collaborating with company management to improve business operations, invest in growth initiatives and make accretive acquisitions. 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.. At Barracuda, we make the world a safer place. 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. We look forward to watching Barracudas continued success.. Job ID: 23-831. This is technology M&A deal number 372 that MSSP Alert and sister site ChannelE2E have covered so far in 2022. 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. 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. 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. At Barracuda we strive to make the world a safer place. 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. Financial services are a prime target for cyber attacks. 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.

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