For more information, visit www.thomabravo.com. Thoma Bravo Acquisition from Thoma Bravo to further accelerate growth of leading cybersecurity software provider. 57 Closer jobs available in Candlewyck, NJ on Indeed.com. Morgan Stanley& Co. LLC is serving as financial advisor to Barracuda, andWilson Sonsini Goodrich& Rosati, Professional Corporation, is serving as its legal advisors. 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. KKR to Acquire Barracuda Networks - Yahoo! This helpful guide contains hundreds of detailed . Stop zero-hour and advanced attacks that evade traditional detection techniques. Barracuda Offers Backup, Services With BitLeap Acquisition KKR has acquired Barracuda Networks from private equity firm Thoma Bravo. Over the past 20 years, the firm has acquired or invested in more than 375 companies representing over $190 billion in enterprise value. More recently, key Barracuda moves include buying Skout Cybersecurity for MSP-focused security operations center capabilities. Barracuda's expertise includes security operations centers (SOCs) for MSPs. Barracuda shareholders of record will receive $27.55 in cash for each share of Barracuda common stock they hold. The Edge DR Tech Sections Close Back Sections Featured Sections The Edge Dark Reading Technology. in an all-cash transaction valued at $1.6 billion. To the extent the Company's directors and executive officers' holdings of the Company's securities have changed since the amounts printed in the Company's proxy statement, such changes have been or will be reflected on Statements of Change in Ownership on Form 4 filed with the SEC. 646-436-6126 KKRs insurance subsidiaries offer retirement, life and reinsurance products under the management of Global Atlantic Financial Group. Founded in 2003, Barracuda is the developer of cybersecurity solutions,. The forward-looking statements included in this press release represent Barracudas views as of the date of this press release. For more information, visit www.thomabravo.com. Check out our security products for Google Cloud Platform. Click Next to continue. Previous investments included Ping, Cylance, DarkTrace, ForgeRock, NetSPI and Optiv, among others, the investor notes. At Barracuda, we make the world a safer place. "We are very appreciative of Thoma Bravos support and very excited to be working with KKR on this next phase of Barracudas journey. Barracuda values partnership. 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 This press release features multimedia. The firm invests in growth-oriented, innovative companies operating in the software and technology sectors. 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. Nicky.bryan@fgh.com, Craig Larson That transformation was very successful for us. Automate security policy compliance in the cloud. We believe every business deserves access to cloud-first, enterprise-grade security solutions that are easy to buy, deploy, and use. As you may have heard, Barracuda has acquired the Managed Workplace remote monitoring and management product line from Avast. Notify me of followup comments via e-mail. 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. 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. 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. 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,. The transaction is anticipated to close by the end of the year, subject to customary conditions. Select Barracuda VPN Client + Personal Firewall + Health Monitoring to initiate a complete installation. Over the past 20 years, the firm has acquired or invested in more than 380 companies representing over $190 billion in enterprise value. Simpson Thacher & Bartlett LLP is serving as legal counsel to KKR. Megan Frank Talent Acquisition Manager, MENA. Please read our cookie notice for more information on the cookies we use and how to delete or block them. About Thoma Bravo, LLCThoma 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 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. ", "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. Botes Exhibidores; Llaveros; Anualidades para Equipos. KKR Scooping Up Barracuda Networks from Thoma Bravo for $4 Billion The firm has offices in Chicago, Miami and San Francisco. This strategy is based on the belief that employee engagement is a key driver in building stronger companies. We believe every business deserves access to cloud-enabled, enterprise-grade security solutions that are easy to buy, deploy, and use. KKR sponsors investment funds that invest in private equity, credit and real assets and has strategic partners that manage hedge funds. The firm seeks to create value by collaborating with company management to improve business operations, invest in growth initiatives and make accretive acquisitions. Over the past 20 years, the firm has acquired or invested in more than 375 companies representing over $190 billion in enterprise value. Barracuda has since grown into a business that generates over $500 million in annual revenue, KKR said. 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. 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 barracuda.com. Your email address will not be published. KKR to buy Barracuda Networks from Thoma Bravo for nearly $4B View source version on businesswire.com: https://www.businesswire.com/news/home/20220412005856/en/, For Barracuda Networks: 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. Article | Barracuda Networks [31] In November 2017, private equity firm Thoma Bravo announced they were taking Barracuda Networks private in a $1.6 billion buyout. Mar 2021 - Present2 years 1 month. Still, this isn't just about about RMM software and an anti-virus partnership. This isn't ION's first acquisition in the FX realm. . Practice Manager - Log Home Dental & Caledon East Dentistry Barracuda Networks, Barracuda, and the Barracuda Networks logo are registered trademarks of Barracuda Networks, Inc. in the US and other countries. We believe every business deserves access to cloud-enabled, enterprise-grade security solutions that are easy to buy, deploy, and use. This press release features multimedia. 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. We will continue Barracudas tradition of delivering easy-to-use, full-featured solutions that can be deployed in the way that makes sense for our customers, said BJ Jenkins, chief executive officer of Barracuda. Job ID: 23-831. 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. When we were acquired by Thoma Bravo, we were a public company, but we had no ability to transform ourselves. 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. Vis Tox cheville expansion Barracuda 14 x 70 mm, 20 pices, 013100121 Barracuda to Acquire Intronis, Inc | Barracuda MSP SKOUT is based in Melville, NY. One of our values at Barracuda is to succeed together. For more information, visit www.barracuda.com. ", "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. Learn how to protect your organization from all 13 types of email attacks. https://www.businesswire.com/news/home/20220412005856/en/. Essay About Barracuda Consider Acquisition And Clearer Picture 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. Barracuda Networks Acquired: KKR Buys Security Company From Thoma Bravo Barracuda anticipates that subsequent events and developments will cause its views to change. KKR sponsors investment funds that invest in private equity, credit and real assets and has strategic partners that manage hedge funds. in an all-cash transaction valued at $1.6 billion. 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 anticipates that subsequent events and developments will cause its views to change. At Barracuda we strive to make the world a safer place. Monika Dang (she/her) - Technical Talent Partner - Barracuda - LinkedIn