KKR is a leading global investment firm that offers alternative asset management as well as capital markets and insurance solutions. Teamwork at Barracuda is the key to everything we do and why we succeed. 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. The firm currently manages a series of private equity and debt funds representing more than $17.0 billion of capital commitments. Private equity powerhouse KKR is acquiring email security provider Barracuda Networks with plans to "accelerate growth" by further pushing the company into key security markets such as managed . Past performance is not necessarily indicative of future results. 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. As acquisition is the process to takes over the controlling interest of rivals, so another concern was to gain market share and . 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. 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. There are different types of equity plans, and the plans can be different, even with KKR, Naguib said. Barracuda generates more than $500 million in annual revenue, the buyer indicated. 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. We believe every business deserves access to cloud-enabled, enterprise-grade security solutions that are easy to buy, deploy, and use. The deal, the terms of which were not disclosed,. One of our values at Barracuda is to succeed together. Under the program they have been driving, universal equity becomes part of what they share with everyone from lower level employees up to managers and senior level people.. Telephone: +1 (877) 610-4910 KKR buys Barracuda Networks from private equity firm Thoma Bravo. For more information, visit www.barracuda.com. Financing for the transaction is being provided by Goldman Sachs & Co. LLC, Credit Suisse, and UBS Investment Bank. 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. Thoma Bravo acquired Barracuda in 2018 in a $1.6 billion cash deal. e-mail. Facebook. 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 impacts who is a good fit. Talent Acquisition Manager, MENA. Barracuda's expertise includes security operations centers (SOCs) for MSPs. KKR is a leading global investment firm that offers alternative asset management as well as capital markets and insurance solutions. We believe every business deserves access to cloud-enabled, enterprise-grade security solutions that are easy to buy, deploy, and use. 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. "Were grateful to Thoma Bravo for their valuable strategic and operational support over the last four years.". Barracuda Networks, Barracuda, and the Barracuda Networks logo are registered trademarks of Barracuda Networks, Inc. in the US and other countries. in an all-cash transaction valued at$1.6 billion. The firm has offices in Chicago, Miami and San Francisco. If configured, it is required to shut down the NAC Client and make certain configuration changes. Protect your customers and brand from advanced cyber threats. 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. ", "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. View the full release here: https://www.businesswire.com/news/home/20220816005239/en/. That transformation was very successful for us. Accept the License Agreement, and click Next. 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. Barracuda has exchanged one private equity owner for another. Guggenheim Securities, DBO Partners and Barclays are serving as financial advisors to KKR. Protect your business and users from ransomware attacks in three easy steps. 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. At Barracuda, we make the world a safer place. This press release features multimedia. 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. Guggenheim Securities, DBO Partners and Barclays are serving as financial advisors to KKR. The Edge DR Tech Sections Close Back Sections Featured Sections The Edge Dark Reading Technology. The transaction is anticipated to close by the end of the year, subject to customary conditions. 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. We are very appreciative of Thoma Bravos support and very excited to be working with KKR on this next phase of Barracudas journey.. Thoma Bravo invests with a particular focus on application and infrastructure software and technology enabled services. 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. Kirkland & Ellis LLP served as legal counsel to Thoma Bravo and Barracuda. 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 Barracudas customer-centric business model focuses on delivering high-value, subscription-based IT solutions that provide end-to-end network and data protection. For more information, visit www.thomabravo.com. Outside US: +1 (212) 230-9410 Stop API attacks and improve customer experience. All forward-looking statements speak only as of the date they are made. Financial terms were not disclosed. "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. Past performance is not necessarily indicative of future results. 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. Barracuda. Email: Investor-Relations@kkr.com. The SKOUT acquisition last year, which added a SOC and XDR capability, was a particularly great acquisition. In addition, KKRs business strategy is focused on the long-term and financial results are subject to significant volatility. 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. Accessorios. Naguib confirmed that the existing Barracuda leadership team will not be going anywhere with the ownership change. For additional information, please visit barracuda.com. Rumors about Barracuda being up for sale have hit MSSP Alerts email inbox multiple times in recent weeks. 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. Protect websites and apps from advanced cyber-threats. 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. To get growth, you have to invest.. More than 200,000 customers worldwide count on Barracuda to protect their email, networks, applications, and data. Barracuda jobs Humi jobs Ethoca jobs Flipp jobs Ontario Medical Association jobs City of Richmond Hill jobs Sofina Foods Inc. jobs . "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 .
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