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. Twitter. Palo Alto Networks -and- Barracuda Firewalls w/Service Agreements That includes education, government, financial services, health care, retail, consumer goods and manufacturing. Barracuda Networks Acquires Managed Workplace RMM From Avast Financing for the transaction is being provided by Goldman Sachs & Co. LLC, Credit Suisse, and UBS Investment Bank. Past performance is not necessarily indicative of future results. For additional information about KKR & Co. Inc. (NYSE: KKR), please visit KKRs website at www.kkr.com and on Twitter @KKR_Co. 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. 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. 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. We look forward to watching Barracudas continued success.. 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. Founded in 2003, Barracuda is the developer of cybersecurity solutions,. "Thoma Bravo has an excellent history of investing in growing security businesses, and this transaction speaks to the value and strength of Barracuda's security platform, which helps customers protect and manage their networks, applications, and data. Past performance is not necessarily indicative of future results. Available in PDF, EPUB and Kindle. Financial services are a prime target for cyber attacks. This fast-paced role is focused on growing our Small to Midsize Business (SMB) customer base through expansion and acquisition of net-new customers. Essay About Barracuda Consider Acquisition And Clearer Picture The firm invests in growth-oriented, innovative companies operating in the software and technology sectors. Barracuda Networks, Barracuda, and the Barracuda Networks logo are registered trademarks of Barracuda Networks, Inc. in the US and other countries. 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. KKR & Co. announced Tuesday it's agreed to buy Barracuda from Thoma Bravo LP. 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. jelam@barracuda.com, For KKR: 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. The Barracuda acquisition is expected to close by the end of 2022, KKR indicated. KKR sponsors investment funds that invest in private equity, credit and real assets and has strategic partners that manage hedge funds. Barracuda is a provider of powerful, easy-to-use, affordable IT solutions for security and storage. 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. 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 Get SaaS backup for your Microsoft 365 data with unlimited storage. Barracuda Networks - Wikipedia Come Join Our Passionate Team! Morgan Stanley& Co. LLC is serving as financial advisor to Barracuda, and Wilson Sonsini Goodrich & Rosati, Professional Corporation, is serving as its legal advisors. Stop zero-hour and advanced attacks that evade traditional detection techniques. The firm has offices in Chicago, Miami and San Francisco. KKR Completes Acquisition of Barracuda from Thoma Bravo Since 2011, KKR has awarded billions of dollars of total equity value to over 45,000 non-management employees across more than 25 companies. The forward-looking statements included in this press release represent Barracuda's views as of the date of this press release. Supported by our Lead . "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.". Financial terms were not disclosed. To the extent the Company's directors and executive officers' holdings of the Company's securities have changed since the amounts printed in the Company's proxy statement, such changes have been or will be reflected on Statements of Change in Ownership on Form 4 filed with the SEC. Under Thoma, Barracuda made acquisitions, although not as many as some companies who pursued an ultra-aggressive strategy in that regard. See more than 1,000 technology M&A deals listed here, buying Skout Cybersecurity for MSP-focused security operations center capabilities, Top 250 Managed Security Services Providers (MSSP) Company List, Top 40 Managed Detection and Response (MDR) Company List, MSSP M&A List: 100+ Managed Security Buyers, Sellers and Investors. Simpson Thacher & Bartlett LLP served as legal counsel to KKR. 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 Noted Bradley Brown, managing director at KKR: Barracuda has built an impressive portfolio of solutions that are helping SMEs around the world protect their data and address critical security challenges. 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. This strategy is based on the belief that employee engagement is a key driver in building stronger companies. For more information, visit barracuda.com. 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. - Collaborate with . from 8 AM - 9 PM ET. August 16, 2022. 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. Nous nous engageons collecter gratuitement votre ancien meuble chez vous pour toute acquisition d'un meuble neuf livr chez vous. 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. KKR feels that the management team has done a phenomenal job. When we were acquired by Thoma Bravo, we were a public company, but we had no ability to transform ourselves. Barracuda completes acquisition of SKOUT Cybersecurity - PR Newswire Guggenheim Securities, DBO Partners and Barclays served as financial advisors to KKR. 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. Kirkland & Ellis LLP served as legal counsel to Thoma Bravo and Barracuda. If configured, it is required to shut down the NAC Client and make certain configuration changes. More information about Thoma Bravo can be found at www.thomabravo.com. KKR has acquired Barracuda Networks from private equity firm Thoma Bravo. Get WAF protection in minutes with our application security service. 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. - 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. The companies didn't disclose terms of the deal, but sources familiar with it said that KKR would be paying nearly $4 . Your email address will not be published. Practice Manager - Log Home Dental & Caledon East Dentistry That impacts who is a good fit. Barracuda. "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. propos de nous: Depuis plus de 10 ans, le Centre dentaire le Perrot (CDIP) est ddi votre sant bucco-dentaire. All Rights Reserved. 2003 - 2022 Barracuda Networks, Inc. All rights reserved. One change that will take place will be the introduction of KKRs broad-based employee ownership program, which is based on the belief that employee engagement is a key driver in building stronger companies.
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