Since 2011, KKR has awarded billions of dollars of total equity value to over 45,000 non-management employees across more than 25 companies. J.P. Morgan served as exclusive financial advisor to Thoma Bravo and Barracuda. Nicky.bryan@fgh.com, Craig Larson For more information, visit www.thomabravo.com. 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. Barracuda shareholders of record will receive $27.55 in cash for each share of Barracuda common stock they hold. The cybersecurity vendor said its proposed purchase . 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. This press release features multimedia. Email. 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. Barracuda undertakes no intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. For more information, visit barracuda.com. 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. Protect your physical locations with cloud-connected appliances and software that can be deployed on premises or in the cloud. 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. Your email address will not be published. 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. "Were ready to deliver on our next phase of growth with KKR and remain dedicated to investing in our team and product portfolio to provide innovative cybersecurity solutions for our customers and partners," said Hatem Naguib, CEO of Barracuda. Huobi has been operating in Argentina ever since an acquisition of a local platform last year. That includes education, government, financial services, health care, retail, consumer goods and manufacturing. Magazine Premium created by c.bavota. Thoma Bravo Completes Acquisition of Barracuda KKR sponsors investment funds that invest in private equity, credit and real assets and has strategic partners that manage hedge funds. For more information, visit barracuda.com. Barracuda completes acquisition of SKOUT Cybersecurity Forward-looking statements relate to expectations, beliefs, projections, future plans and strategies, anticipated events or trends and similar expressions concerning matters that are not historical facts. Barracuda Networks, Inc. Territory Manager Job in Reading, England Article | Barracuda Networks Barracuda focuses on serving SMEs and has more than 200,000 customers worldwide across a variety of industries. 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. This press release features multimedia. We are all very aligned with the strategy we are heading into now, as opposed to the reset we did when we came in from private ownership.. The Barracuda acquisition is expected to close by the end of 2022, KKR indicated. 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. 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 Supported by our Lead Development team, you will balance receiving . The forward-looking statements included in this press release represent Barracudas views as of the date of this press release. 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. KKRs insurance subsidiaries offer retirement, life and reinsurance products under the management of Global Atlantic Financial Group. Subscribe to the daily e-mail newsletter from ChannelBuzz.ca and get the latest Canadian channel news delivered to your desktop every weekday morning. This press release features multimedia. Barracuda completes acquisition of SKOUT Cybersecurity Get security and networking solutions that are deployed natively in Microsoft Azure. 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. 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. Financing for the transaction is being provided by Goldman Sachs & Co. LLC, Credit Suisse, and UBS Investment Bank. That compares to $352.6 million back in 2017, according to historic data from Barracuda. from 8 AM - 9 PM ET. Monika Dang (she/her) - Technical Talent Partner - Barracuda - LinkedIn Protect your business and users from ransomware attacks in three easy steps. 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. KKRs insurance subsidiaries offer retirement, life and reinsurance products under the management of Global Atlantic Financial Group. Barracuda Agrees To Be Acquired By Thoma Bravo For $1.6 Billion Simpson Thacher & Bartlett LLP is serving as legal counsel to KKR. The firm currently manages a series of private equity and debt funds representing more than$17.0 billionof capital commitments. 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. If a change occurs, KKRs business, financial condition, liquidity and results of operations, including but not limited to, assets under management, fee paying assets under management, after-tax distributable earnings, capital invested, syndicated capital, uncalled commitments, cash and short-term investments, fee related earnings, fee and yield segment EBITDA, core interest expense and book value, may vary materially from those expressed in the forward-looking statements. Barracuda will implement KKR's broad-based employee ownership program, which makes all employees owners in their respective businesses alongside KKR. Broadway Technology, a provider of foreign exchange (forex) and fixed income solutions, announced this Tuesday that it has acquired 100 percent of Barracuda FX, which offers FX order management technology. Naguib confirmed that the existing Barracuda leadership team will not be going anywhere with the ownership change. View source version on businesswire.com: https://www.businesswire.com/news/home/20220412005856/en/, For Barracuda Networks:Jonelle Elam408-813-7762jelam@barracuda.com, For KKR:Julia Kosygina212-750-8300media@kkr.com, For Thoma Bravo:Megan FrankThoma Bravomfrank@thomabravo.com 212-731-4778, Nicky BryanFinsbury Glover Hering646-436-6126Nicky.bryan@fgh.com, https://www.businesswire.com/news/home/20220412005856/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. When typing in this field, a list of search results will appear and be automatically updated as you type. Outside US: +1 (212) 230-9410 Barracuda Networks has purchased Skout Cybersecurity, a New York-based channel-only provider of extended detection and response (XDR) services. Cautionary Statement Regarding Forward-Looking StatementsThis press release contains forward-looking statements, including, but not limited to, statements regarding the potential timing and benefits of a transaction, the value and effectiveness of Barracudas products, the introduction and timing of product enhancements or additional products, Barracudas growth, expansion and market leadership and the expected completion and timing of the acquisition transaction and other information relating to the transaction, that involve risks, uncertainties, assumptions and other factors which, if they do not materialize or prove correct, could cause the actual results to differ materially from those expressed or implied by such forward-looking statements. View the full release here: https://www.businesswire.com/news/home/20220412005856/en/. Copyright 2013 ChannelBuzz.ca. 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. 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. August 16, 2022. For more information, visit www.thomabravo.com. Barracudas customer-centric business model focuses on delivering high-value, subscription-based IT solutions that provide end-to-end network and data protection. The definitive proxy statement, the preliminary proxy statement and other relevant materials in connection with the transaction (when they become available), and any other documents filed by the Company with the SEC, may be obtained free of charge at the SEC's website (http://www.sec.gov) or at the Company's website (http://investor.Barracuda.com/) or by writing to the Company's Secretary at 3175 S. Winchester Blvd, Campbell CA 95008. 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. Under the terms of the agreement, Datto stockholders will receive $35.50 per share in a transaction that values Datto at approximately $6.2 billion. Barracuda. KKR to Acquire Barracuda Networks The transaction is anticipated to close by the end of the year. The firm seeks to create value by collaborating with company management to improve business operations, invest in growth initiatives and make accretive acquisitions. Accept the License Agreement, and click Next. The firm invests in growth-oriented, innovative companies operating in the software and technology sectors. There are different types of equity plans, and the plans can be different, even with KKR, Naguib said. in an all-cash transaction valued at $1.6 billion. 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. - Head Talent Acquisition and recruitment operations for all business units in MENA covering Financial & Risk, Tax & Accounting, Legal, Intellectual Property & Science, Reuters Media and Global Growth Organization. This is technology M&A deal number 372 that MSSP Alert and sister site ChannelE2Ehave covered so far in 2022. Campbell, California, United States. document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); Managed Security Services Providers (MSSP) News, Analysis and Cybersecurity Research. Now we are out of that transformation and into a growth phase. Information about the Companys 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 onJune 28, 2017and the Annual Report on Forms 10-K for the fiscal year endedFebruary 28, 2017. INVESTORS AND SECURITY HOLDERS OF THE COMPANY ARE URGED TO READ THESE MATERIALS (INCLUDING ANY AMENDMENTS OR SUPPLEMENTS THERETO) AND ANY OTHER RELEVANT DOCUMENTS IN CONNECTION WITH THE TRANSACTION THAT THE COMPANY WILL FILE WITH THE SEC WHEN THEY BECOME AVAILABLE BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION ABOUT THE COMPANY AND THE TRANSACTION. KKR has acquired Barracuda Networks from private equity firm Thoma Bravo. 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. Barracuda Networks: Larger MSP Software Ambitions. Financial terms of the deal were not disclosed, though the deal's valuation was roughly $3.8 billion, according to Silicon Valley Business Journal. Click Next. In cybersecurity, you cannot sit on your laurels. For more information, visit www.barracuda.com. Come Join Our Passionate Team! KKR Scooping Up Barracuda Networks from Thoma Bravo for $4 Billion Saab AB (originally Svenska Aeroplan AB, later just SAAB and Saab Group) is a Swedish aerospace and defence company, founded in 1937. 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. We look forward to watching Barracudas continued success.. At Barracuda we strive to make the world a safer place. Barracuda Networks - Crunchbase Company Profile & Funding Complete security that stops all 13 email threat types and protects Microsoft 365 data. How to Install the Barracuda Network Access/VPN Client for Windows This is technology M&A deal number 372 that MSSP Alert and sister site ChannelE2E have covered so far in 2022. We are seeking talented, motivated sales performers who thrive in quick sales cycle environment; this fast-paced role is focused on growing our SMB customer base through the acquisition net-new . More than 200,000 customers worldwide count on Barracuda to protect their email, networks, applications, and data. What Managed Workplace's acquisition means for MSPs - Smarter MSP in an all-cash transaction valued at$1.6 billion. From multiple acquisitions to backend improvements, Barracuda has delivered tremendous value to its customers and partners., 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, said Chip Virnig, a Partner at Thoma Bravo. KKR buys Barracuda Networks from private equity firm Thoma Bravo. Barracuda Completes Acquisition of SKOUT Cybersecurity Kirkland & Ellis LLP is serving as legal counsel to Thoma Bravo and Barracuda. Stop bots from scraping confidential data, skewing web analytics, and impairing website performance. As acquisition is the process to takes over the controlling interest of rivals, so another concern was to gain market share and . 2003 - 2022 Barracuda Networks, Inc. All rights reserved. This fast-paced role is focused on growing our Small to Midsize Business (SMB) customer base through expansion and acquisition of net-new customers. Still, this isn't just about about RMM software and an anti-virus partnership. Learn how to protect your organization from all 13 types of email attacks. But MSPs have been a top go-to-market channel for Barracuda since about 2016 or so. Security business Barracuda Networks acquired for $1.6 billion Financial terms of the deal were not disclosed, though the deals valuation was roughly $3.8 billion, according to Silicon Valley Business Journal. Barracuda Networks, Inc. recently announced that it has officially completed its acquisition of SKOUT Cybersecurity. INVESTORS AND SECURITY HOLDERS OF THE COMPANY ARE URGED TO READ THESE MATERIALS (INCLUDING ANY AMENDMENTS OR SUPPLEMENTS THERETO) AND ANY OTHER RELEVANT DOCUMENTS IN CONNECTION WITH THE TRANSACTION THAT THE COMPANY WILL FILE WITH THE SEC WHEN THEY BECOME AVAILABLE BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION ABOUT THE COMPANY AND THE TRANSACTION. (eBook/PDF) Challenger And Barracuda Restoration Guide 1967 74 Online The SKOUT acquisition last year, which added a SOC and XDR capability, was a particularly great acquisition. By using this site you agree to our use of cookies. 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. The proposed transaction is expected to close before Barracudas fiscal year end ofFeb. 28, 2018, and is subject to approval by Barracudas shareholders and regulatory authorities, and the satisfaction of other customary closing conditions. Get SaaS backup for your Microsoft 365 data with unlimited storage. 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. Founded in 2003, Barracuda is the developer of cybersecurity solutions,. Barracuda anticipates that subsequent events and developments will cause its views to change. Shareholders to Receive $27.55 per Share in Cash. At Barracuda we strive to make the world a safer place. 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. Simpson Thacher & Bartlett LLP served as legal counsel to KKR. Get started in minutes. [] Security business Barracuda Networks acquired for $1.6 billion. 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. Nous nous engageons collecter gratuitement votre ancien meuble chez vous pour toute acquisition d'un meuble neuf livr chez vous. Thoma Bravo invests with a particular focus on application and infrastructure software and technology enabled services. Barracuda has exchanged one private equity owner for another. "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. Fill out this form to get a full-featured version of Barracuda Cloud-to-Cloud Backup free for 14 days. 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. Copy link. Practice Manager - Log Home Dental & Caledon East Dentistry Job ID: 23-831. KKR Completes Acquisition of Barracuda from Thoma Bravo Terms of the deal were not disclosed, as Barracuda is a private company. Financial terms of the transaction were not disclosed. "We have enjoyed working closely with Hatem and his team through multiple acquisitions and operational improvements, and we are confident that the company is well-positioned for continued success.". 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. "We look forward to watching Barracudas continued success.". Barracuda hiring Inside Sales Territory Manager - UK&I in Reading Accessorios. We protect email, networks, data, and applications with innovative solutions that grow and adapt with our customers' journey. 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. 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. The transaction is anticipated to close by the end of the year, subject to customary conditions. We feel very strong alignment with this, Naguib indicated. For additional information about KKR & Co. Inc. (NYSE: KKR), please visit KKRs website at www.kkr.com and on Twitter @KKR_Co. 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.
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