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. Barracuda completes acquisition of SKOUT Cybersecurity 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 The company's shares hit a high of around $45 in 2015, and. Barracuda's customer-centric business model focuses on delivering high-value, subscription-based IT solutions that provide end-to-end network and data protection. Barracuda Networks - Wikipedia 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. 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. 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. For more information, visit www.thomabravo.com. On 11February . Barracuda has announced future discontinuation of its Copy and CudaDrive services as of May 2016. This helpful guide contains hundreds of detailed . We believe that Barracuda is at the forefront of innovation in several highly strategic areas of the cybersecurity market and are excited to be the companys partner in the next phase of its growth.. That transformation was very successful for us. "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. More than 200,000 customers worldwide count on Barracuda to protect their email, networks, applications, and data. barracuda.substack.com. 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 companies didn't disclose terms of the deal, but sources familiar with it said that KKR would be paying nearly $4 . 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 Networks acquires Palo Alto-based Fyde, rolls out cloud Complete Web Application and API Protection (WAAP) platform to secure your workloads in the cloud. 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 completes acquisition of SKOUT Cybersecurity 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. More than 220,000 global customers trust Barracuda to safeguard their employees, data, and applications from a . Financial terms of the transaction were not disclosed. At Barracuda we strive to make the world a safer place. CAMPBELL, Calif., Nov. 27, 2017 /PRNewswire/ -- Barracuda Networks, Inc. (NYSE: CUDA ), a leading provider of cloud-enabled security and data protection solutions, today announced that it has. This fast-paced role is focused on growing our Small to Midsize Business (SMB) customer base through expansion and acquisition of net-new customers. 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. 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. Outside US: +1 (212) 230-9410 Automate security policy compliance in the cloud. This site uses cookies to provide you with a more responsive and personalized service. KKR to Acquire Barracuda Networks - Yahoo! Now we are out of that transformation and into a growth phase. As acquisition is the process to takes over the controlling interest of rivals, so another concern was to gain market share and . 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. CAMPBELL, Calif., Nov. 27, 2017 /PRNewswire/ -- 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. VVDI MB Tool Power adapter work with VVDI MB for Quick Data Acquisition We look forward to watching Barracudas continued success.. 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. Financial terms were not disclosed. KKR is a leading global investment firm that offers alternative asset management as well as capital markets and insurance solutions. For more information, visit barracuda.com. Our channel is supremely important to us. The Registered Agent on file for this company is Corporation Service Company and is located at 251 Little Falls Drive, Wilmington, DE 19808. Get started in minutes. We will continue Barracuda's 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. It has also made a series of acquisitions, including buying extended detection and response. 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. "From multiple acquisitions to backend improvements, Barracuda has delivered tremendous value to its customers and partners. 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. 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. Financial terms were not disclosed. in an all-cash transaction valued at $1.6 billion. We look forward to watching Barracudas continued success.. Barracuda plans to buy Skout Cybersecurity to provide MSPs with the technology and manpower needed to respond more effectively to cyberthreats. 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. KKR Completes Acquisition of Barracuda from Thoma Bravo All Rights Reserved. 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. J.P. Morgan served as exclusive financial advisor to Thoma Bravo and Barracuda. Copyright 2013 ChannelBuzz.ca. "We are very appreciative of Thoma Bravos support and very excited to be working with KKR on this next phase of Barracudas journey. Kirkland & Ellis LLP is serving as legal counsel to Thoma Bravo and Barracuda. More recently, key Barracuda moves include buying Skout Cybersecurity for MSP-focused security operations center capabilities. We protect email, networks, data, and applications with innovative solutions that grow and adapt with our customers journey.
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