The companies didn't disclose terms of the deal, but sources familiar with it said that KKR would be paying nearly $4 . Participants in the Solicitation The Company and its directors and executive officers may be deemed to be participants in the solicitation of proxies from the Company's stockholders with respect to the transaction. 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. BARRACUDA ACQUISITIONCO, INC. Please read our cookie notice for more information on the cookies we use and how to delete or block them. "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. VVDI MB Tool Power adapter work with VVDI MB for Quick Data Acquisition We protect email, networks, data, and applications with innovative solutions that grow and adapt with our customers journey. These forward-looking statements should not be relied upon as representing Barracuda's views as of any date subsequent to the date of this press release. Barracuda generates more than $500 million in annual revenue, the buyer indicated. 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. Barracuda Networks - Wikipedia Available in PDF, EPUB and Kindle. barracuda, any of about 20 species of predacious fishes of the family Sphyraenidae (order Perciformes). Protect your business and users from ransomware attacks in three easy steps. document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); Managed Security Services Providers (MSSP) News, Analysis and Cybersecurity Research. This fast-paced role is focused on growing our Small to Midsize Business (SMB) customer base through expansion and acquisition of net-new customers. We believe every business deserves access to cloud-first, enterprise-grade security solutions that are easy to buy, deploy, and use. 212-750-8300 This helpful guide contains hundreds of detailed . Financial terms were not disclosed. For more information, visit barracuda.com. Environmental, Social and Governance (ESG), HVAC (Heating, Ventilation and Air-Conditioning), Machine Tools, Metalworking and Metallurgy, Aboriginal, First Nations & Native American, Barracuda Networks extends Barracuda Championship sponsorship through 2025, Cost of an email-borne security attack can on average exceed $1 million. KKRs insurance subsidiaries offer retirement, life and reinsurance products under the management of Global Atlantic Financial Group. Jonelle Elam Barracuda completes acquisition of SKOUT Cybersecurity To the extent the Companys directors and executive officers holdings of the Companys securities have changed since the amounts printed in the Companys proxy statement, such changes have been or will be reflected on Statements of Change in Ownership on Form 4 filed with the SEC. PDF Press Releases Sheppard Mullin Advises SKOUT Cybersecurity in Barracuda considers acquisition as its preferred mode of entry into furniture to ensure the immediate market presence in the furniture business and also to emphasize on the business diversification strategy. For more information, visit www.thomabravo.com. Barracuda hiring Inside Sales Territory Manager - UK&I in Reading NEW YORK, NY and SAN FRANCISCO, CA April 12, 2022 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. For more information, visit barracuda.com. 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. Financial services are a prime target for cyber attacks. | Zdnet It has also made a series of acquisitions, including buying extended detection and response. Thoma Bravo invests with a particular focus on application and infrastructure software and technology enabled services. The Registered Agent on file for this company is Corporation Service Company and is located at 251 Little Falls Drive, Wilmington, DE 19808. Vis Tox cheville expansion Barracuda 14 x 70 mm, 20 pices, 013100121 Under the program they have been driving, universal equity becomes part of what they share with everyone from lower level employees up to managers and senior level people.. KKR buys Barracuda Networks from private equity firm Thoma Bravo. Barracuda jobs Humi jobs Ethoca jobs Flipp jobs Ontario Medical Association jobs City of Richmond Hill jobs Sofina Foods Inc. jobs . Saab AB - Wikipedia NEW YORK & SAN FRANCISCO(BUSINESS WIRE) Information regarding the identity of the potential participants, and their direct or indirect interests in the transaction, by security holdings or otherwise, will be set forth in the proxy statement and other materials to be filed with SEC in connection with the transaction. Accept the License Agreement, and click Next. in an all-cash transaction valued at$1.6 billion. Barracuda anticipates that subsequent events and developments will cause its views to change. Barracuda Networks, Barracuda, and the Barracuda Networks logo are registered trademarks of Barracuda Networks, Inc. in the US and other countries. Or call us now at Select your mail server* Office 365 Microsoft Exchange Other SMTP Mail Server Email* Phone* First Name* Last Name* Company Name* Country* State/Province* Zip/Postal Code* Barracuda Networks: Larger MSP Software Ambitions. [] Security business Barracuda Networks acquired for $1.6 billion. The transaction is anticipated to close by the end of the year, subject to customary conditions. 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. We look forward to watching Barracudas continued success.. Weve been thrilled with the team we got with that. Managed detection and response [MDR] extended detection and response [XDR], and secure access service edge [SASE] technology will be the focus of these acquisition efforts going forward. Thoma Bravo 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. Facebook. Barracuda intends all such forward-looking statements to be covered by the safe harbor provisions for forward-looking statements contained in Section21E of the Exchange Act and the Private Securities Litigation Reform Act of 1995. 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. More than 200,000 customers worldwide count on Barracuda to protect their email, networks, applications, and data. KKR to Acquire Barracuda Networks - Kohlberg Kravis Roberts For Thoma Bravo Matthew Gorton Hiltzik Media Strategies +1 212-776-1161 [emailprotected], For Barracuda MC Petermann +1 404-307-6290 [emailprotected], Maria Riley +1 415-217-7722 [emailprotected], Cision Distribution 888-776-0942 Barracuda Agrees To Be Acquired By Thoma Bravo For $1.6 Billion KKR sponsors investment funds that invest in private equity, credit and real assets and has strategic partners that manage hedge funds. NEW YORK & SAN FRANCISCO, August 16, 2022--(BUSINESS WIRE)--KKR, a leading global investment firm, and Barracuda Networks, Inc. ("Barracuda" or the "Company") a leading provider of cloud-first security solutions, today announced that KKRs investment funds have completed an acquisition of Barracuda from Thoma Bravo, a leading software investment firm. Meanwhile, KKR has expansive experience in the cybersecurity and MSSP markets. 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. Mar 2021 - Present2 years 1 month. We protect email, networks, data and applications with innovative solutions that grow and adapt with our customers' journey. Barracuda acquires Skout Cybersecurity to enter the XDR market Barracuda Networks, Barracuda, and the Barracuda Networks logo are registered trademarks of Barracuda Networks, Inc. in the US and other countries. 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. Register for a free trial. | Barracuda Networks At Barracuda we strive to make the world a safer place. Financial terms were not disclosed. What Managed Workplace's acquisition means for MSPs - Smarter MSP For additional information, please visitbarracuda.com. How exactly this will roll out at Barracuda is less certain, as employee ownership does not take a one size fits all approach across the KKR portfolio. 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. The firm has offices in Chicago, Miami and San Francisco. Over the past 20 years, the firm has acquired or invested in more than 380 companies representing over $190 billion in enterprise value. At Barracuda, we make the world a safer place. Barracuda Closes Acquisition of SKOUT Cybersecurity 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. in an all-cash transaction valued at $1.6 billion. 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. We feel very strong alignment with this, Naguib indicated.
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