We protect email, networks, data, and applications with innovative solutions that grow and adapt with our customers' journey. KKR is a leading global investment firm that offers alternative asset management as well as capital markets and insurance solutions. Thoma Bravo invests with a particular focus on application and infrastructure software and technology enabled services. 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. Since 2011, KKR has awarded billions of dollars of total equity value to over 45,000 non-management employees across more than 25 companies. How to Install the Barracuda Network Access/VPN Client for Windows We are seeking talented, motivated sales performers who thrive in quick sales cycle environment. Protect data wherever it resides to minimize downtime and prevent data loss. 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. Thoma Bravo to Acquire ABC Financial Services, Inc. This strategy is based on the belief that employee engagement is a key driver in building stronger companies. Kirkland & Ellis LLP is serving as legal counsel to Thoma Bravo and Barracuda. Barracuda completes acquisition of SKOUT Cybersecurity 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., 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. August 16, 2022. Cybersecurity company Barracuda to go private as part of $1.6 billion 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. I expect that our employees, customers, and partners will benefit from this partnership., Barracuda is a proven industry leader, consistently bringing powerful, comprehensive solutions to customers in an increasingly prevalent, hostile, and complex threat environment, saidSeth Boro, a managing partner at Thoma Bravo. Barracuda completes acquisition of SKOUT Cybersecurity Outside US: +1 (212) 230-9410 Financing for the transaction is being provided by Goldman Sachs & Co. LLC, Credit Suisse, and UBS Investment Bank. More than 220,000 global customers trust Barracuda to safeguard their employees, data, and applications from a . - Collaborate with . ", "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. Check out our security products for Google Cloud Platform. Fill out this form to get a full-featured version of Barracuda Cloud-to-Cloud Backup free for 14 days. Barracuda Agrees To Be Acquired By Thoma Bravo For $1.6 Billion Financial terms were not disclosed. Thoma Bravo is one of the largest private equity firms in the world, with more than $114 billion in assets under management as of March 31, 2022. By using this site you agree to our use of cookies. Barracuda will implement KKR's broad-based employee ownership program, which makes all employees owners in their respective businesses alongside KKR. BARRACUDA ACQUISITIONCO, INC. 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. dentalcorp hiring Secrtaire Dentaire - Centre Dentaire le-Perrot in L Financial terms were not disclosed. J.P. Morgan is serving as exclusive financial advisor to Thoma Bravo and Barracuda. Hello, everyone, and welcome to Zoom's Q4 FY '23 Earnings Release Webinar. 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.. Financing for the transaction is being provided by Goldman Sachs & Co. LLC, Credit Suisse, and UBS Investment Bank. Sheppard Mullin Advises SKOUT Cybersecurity in Acquisition by Barracuda Networks 07.01.2021 Sheppard Mullin represented SKOUT Cybersecurity, a leader in cyber-as-a-service software for Managed Service Providers (MSPs) and provider of an extended detection and response (XDR) platform and service, in its "We are very appreciative of Thoma Bravos support and very excited to be working with KKR on this next phase of Barracudas journey. When typing in this field, a list of search results will appear and be automatically updated as you type. 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's expertise includes security operations centers (SOCs) for MSPs. Additional Information and Where to Find ItIn connection with the transaction, the Company will file relevant materials with the SEC, including a preliminary proxy statement on Schedule 14A. 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. This price exceeds Barracudas 52-week high and represents a premium of 22.5 percent to the Companys 10-day average stock price prior toNov. 27, 2017, of$22.49. Barracuda completes acquisition of SKOUT Cybersecurity Barracuda Networks: Larger MSP Software Ambitions. Barracuda plans to buy Skout Cybersecurity to provide MSPs with the technology and manpower needed to respond more effectively to cyberthreats. I expect a mix of business as usual and positive change in the same way partners saw positive change when we were acquired by Thoma, he indicated Our relationship with our partners has always been critical, and that will not change. Barracudas are found in all warm and tropical regions; some also range into more temperate areas. Barracuda expects acquisition by private equity firm KKR will drive Now we are out of that transformation and into a growth phase. KKR sponsors investment funds that invest in private equity, credit and real assets and has strategic partners that manage hedge funds. Acquisition from Thoma Bravo to further accelerate growth of leading cybersecurity software provider. View source version on businesswire.com: https://www.businesswire.com/news/home/20220816005239/en/, For Barracuda Networks:Jonelle Elam408-813-7762jelam@barracuda.com, For KKR:Julia Kosygina212-750-8300media@kkr.com, For Thoma Bravo:Thoma Bravo CommunicationsMegan Frank(212)-731-4778mfrank@thomabravo.com, FGS Global:Nicky Bryan(646)-436-6126nicky.bryan@fgsglobal.com, https://www.businesswire.com/news/home/20220816005239/en/, Death toll in strike on Ukraine's Zaporizhzhia rises to 11 - officials, UPDATE 1-Bankman-Fried can have flip phone, limited internet while on bail, US proposes, China's economy, government revamp in focus as parliament set to open, The U.S. government is turning up the heat on TikTok here's the latest, Bankman-Fried can have flip phone, limited internet while on bail, US proposes. 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. View source version on businesswire.com: https://www.businesswire.com/news/home/20220412005856/en/, For Barracuda Networks: 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. Barracuda jobs Humi jobs Ethoca jobs Flipp jobs Ontario Medical Association jobs City of Richmond Hill jobs Sofina Foods Inc. jobs . 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. 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. propos de nous: Depuis plus de 10 ans, le Centre dentaire le Perrot (CDIP) est ddi votre sant bucco-dentaire. We look forward to watching Barracudas continued success.. The offer represents a 52% premium to Datto's unaffected stock price of $23.37 as of March 16, 2022. 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. 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. The companies didn't disclose terms of the deal, but sources familiar with it said that KKR would be paying nearly $4 . Thoma Bravo Completes Acquisition of Barracuda Practice Manager - Log Home Dental & Caledon East Dentistry "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. The following factors, among others, could cause actual results to vary from the forward-looking statements: whether KKR realizes all or any of the anticipated benefits from converting to a corporation and the timing of realizing such benefits; whether there are increased or unforeseen costs associated with the conversion, including any adverse change in tax law; the volatility of the capital markets; the general volatility of the capital markets; failure to realize the benefits of or changes in KKRs business strategies including the ability to realize the anticipated synergies from acquisitions or strategic partnerships or other transactions; availability, terms and deployment of capital; availability of qualified personnel and expense of recruiting and retaining such personnel; changes in the asset management industry, interest rates or the general economy; underperformance of KKR's investments and decreased ability to raise funds; and the degree and nature of KKRs competition.
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