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. Mar 2021 - Present2 years 1 month. The forward-looking statements are based on KKRs beliefs, assumptions and expectations of its future performance, taking into account all information currently available to it. Since 2011, KKR has awarded billions of dollars of total equity value to over 45,000 non-management employees across more than 25 companies. ", "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. 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. Protect websites and apps from advanced cyber-threats. 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. from 8 AM - 9 PM ET. 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. Please read our cookie notice for more information on the cookies we use and how to delete or block them. Campbell, Calif. (September 29, 2015) - Barracuda Networks, Inc. (NYSE: CUDA) today announced it has entered into a definitive agreement to acquire privately held Intronis, Inc. (Intronis), a leader in providing data protection solutions to managed service providers (MSPs), a fast-growing channel delivering IT services to small and medium-sized The company's filing status is listed as Active and its File Number is 6150972. 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. Simpson Thacher & Bartlett LLP is serving as legal counsel to KKR. 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. 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. 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. For more information, visit barracuda.com. document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); Managed Security Services Providers (MSSP) News, Analysis and Cybersecurity Research. View the full release here: https://www.businesswire.com/news/home/20220412005856/en/. At Barracuda, we make the world a safer place. Hatem Naguib, CEO of Barracuda. Complete security that stops all 13 email threat types and protects Microsoft 365 data. This fast-paced role is focused on growing our Small to Midsize Business (SMB) customer base through expansion and acquisition of net-new customers. 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. This site uses cookies to provide you with a more responsive and personalized service. 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.. 646-436-6126 Copy link. Barracuda's Board of Directors unanimously approved the agreement, and believes the transaction maximizes shareholder value. 2022 Kohlberg Kravis Roberts & Co. L.P. All Rights Reserved. We are very pleased with the results of our acquisition strategy. You can also subscribe without commenting. We look forward to watching Barracudas continued success.. Check out our real-time view of global cyber threats, collected from millions of data points. 408-813-7762 Financial terms were not disclosed. "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. NEW YORK & SAN FRANCISCO(BUSINESS WIRE) The SKOUT acquisition last year, which added a SOC and XDR capability, was a particularly great acquisition. Barracudas Board of Directors unanimously approved the agreement, and believes the transaction maximizes shareholder value. The firm invests in growth-oriented, innovative companies operating in the software and technology sectors. For more information, visit barracuda.com. 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 Shareholders to Receive $27.55 per Share in Cash. 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. 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. Morgan Stanley& Co. LLC is serving as financial advisor to Barracuda, andWilson Sonsini Goodrich& Rosati, Professional Corporation, is serving as its legal advisors. "We look forward to watching Barracudas continued success.". 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. Get SaaS backup for your Microsoft 365 data with unlimited storage. 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. 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. Simpson Thacher & Bartlett LLP is serving as legal counsel to KKR. For more information, visit www.barracuda.com. "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. Over the past 20 years, the firm has acquired or invested in more than 380 companies representing over $190 billion in enterprise value. Telephone: +1 (877) 610-4910 As acquisition is the process to takes over the controlling interest of rivals, so another concern was to gain market share and . 57 Closer jobs available in Candlewyck, NJ on Indeed.com. We protect email, networks, data, and applications with innovative solutions that grow and adapt with our customers' journey. We protect email, networks, data, and applications with innovative solutions that grow and adapt with our customers' journey. We protect email, networks, data and applications with innovative solutions that grow and adapt with our customers' journey. We feel very strong alignment with this, Naguib indicated. KKR to Acquire Barracuda Networks The transaction is anticipated to close by the end of the year. More information about Thoma Bravo can be found atwww.thomabravo.com. "Barracuda has been a tremendous partner over the last four years and has experienced strong product, customer and revenue growth," said Chip Virnig, a Partner at Thoma Bravo. J.P. Morgan served as exclusive financial advisor to Thoma Bravo and Barracuda. Get protection that goes beyond next-generation firewalls. According to the statement released today, Broadway will use the acquisition to further expand its product suite. Download or read book Challenger & Barracuda Restoration Guide, 1967-1974 written by Paul A. Herd and published by Motorbooks. That compares to $352.6 million back in 2017, according to historic data from Barracuda. . "From multiple acquisitions to backend improvements, Barracuda has delivered tremendous value to its customers and partners. SKOUT is based in Melville, NY. KKR is a leading global investment firm that offers alternative asset management as well as capital markets and insurance solutions. CAMPBELL, Calif., July 13, 2021 /PRNewswire/ -- Barracuda Networks, Inc. , a trusted partner and leading provider of cloud-enabled security solutions, today announced it has completed its. The transaction is anticipated to close by the end of the year, subject to customary conditions. View the full release here: https://www.businesswire.com/news/home/20220816005239/en/. 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. 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 management's attention from the Company's 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 Company's 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 Edge DR Tech Sections Close Back Sections Featured Sections The Edge Dark Reading Technology. While Thoma helped Barracuda transform into a modern cloud company, KRR is expected to support an aggressive expansion strategy which will benefit both the company and its channel partners. For additional information, please visit barracuda.com. One of our values at Barracuda is to succeed together. Financial terms of the transaction were not disclosed. 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. 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. Vis Tox cheville expansion Barracuda 14 x 70 . 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. Saab AB (originally Svenska Aeroplan AB, later just SAAB and Saab Group) is a Swedish aerospace and defence company, founded in 1937.
Talent Agency Gold Coast, John Reed Arhaus Email, I Wish You Were Here Dad Quotes, Real Cases Of Ethical Violations In Psychology, Dasani Coates Stanford, Articles B