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. Huobi has been operating in Argentina ever since an acquisition of a local platform last year. The Registered Agent on file for this company is Corporation Service Company and is located at 251 Little Falls Drive, Wilmington, DE 19808. 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. The firm seeks to create value by collaborating with company management to improve business operations, invest in growth initiatives and make accretive acquisitions. At Barracuda, we make the world a safer place. Past performance is not necessarily indicative of future results. Guggenheim Securities, DBO Partners and Barclays are serving as financial advisors to KKR. Barracuda Networks, Barracuda, and the Barracuda Networks logo are registered trademarks of Barracuda Networks, Inc. in the US and other countries. 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. More information about Thoma Bravo can be found at www.thomabravo.com. from 8 AM - 9 PM ET. We want to do it in a way that will be of advantage to all.. Autel; Lonsdor; Obdstar; Tango; Topdon; Xhorse; Xtool; Partes de cerraduras automotrices . KKR sponsors investment funds that invest in private equity, credit and real assets and has strategic partners that manage hedge funds. document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); Managed Security Services Providers (MSSP) News, Analysis and Cybersecurity Research. Barracuda Networks, Inc. recently announced that it has officially completed its acquisition of SKOUT Cybersecurity. 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. [33] You can also subscribe without commenting. For more information, visit www.thomabravo.com. We look forward to watching Barracudas continued success.. We believe that with the support of KKR, we will continue to invest in growth and foster a culture that gives our team the resources and inspiration to continue to create and deliver the next generation of leading cybersecurity solutions for our customers and partners,. Copyright 2013 ChannelBuzz.ca. Since 2011, KKR has awarded billions of dollars of total equity value to over 45,000 non-management employees across more than 25 companies. 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. Browse our security and network solutions designed specifically for AWS. Naguib confirmed that the existing Barracuda leadership team will not be going anywhere with the ownership change. Previous investments included Ping, Cylance, DarkTrace, ForgeRock, NetSPI and Optiv, among others, the investor notes. Meanwhile, KKR has expansive experience in the cybersecurity and MSSP markets. 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. Barracuda generates more than $500 million in annual revenue, the buyer indicated. Over the past 20 years, the firm has acquired or invested in more than 375 companies representing over $190 billion in enterprise value. About Thoma Bravo, LLC Thoma Bravo is a leading private equity investment firm building on a 30+ year history of providing equity and strategic support to experienced management teams and growing companies. 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. When typing in this field, a list of search results will appear and be automatically updated as you type. Barracuda Networks has been acquired by KKR, an investment outfit taking the company over from past owner Thoma Bravo. KKR is a leading global investment firm that offers alternative asset management as well as capital markets and insurance solutions. 212-750-8300 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. KKR is a leading global investment firm that offers alternative asset management as well as capital markets and insurance solutions. 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. Save my name, email, and website in this browser for the next time I comment. SKOUT provides Cyber as a Service software for Managed Service Providers (MSPs), as well as an extended detection and response (XDR) platform and service. Deploy simple and scalable security with no software or hardware to install. Barracudas customer-centric business model focuses on delivering high-value, subscription-based IT solutions that provide end-to-end network and data protection. The transaction is expected to close by the end of the year, so obviously nothing will happen until then, but Naguib said that partners shouldnt expect any unpleasant surprises when the deal does go through. The firm invests in growth-oriented, innovative companies operating in the software and technology sectors. 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. Over the past 20 years, the firm has acquired or invested in more than 380 companies representing over $190 billion in enterprise value. 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.. The acquisition expands our MSP security offerings with a powerful XDR platform backed by a 24x7 SOC," said Brian Babineau, Senior Vice President and General Manager, Barracuda MSP. Barracuda shareholders of record will receive$27.55in cash for each share of Barracuda common stock they hold. The Barracuda acquisition is expected to close by the end of 2022, KKR indicated. We believe every business deserves access to cloud-first, enterprise-grade security solutions that are easy to buy, deploy, and use. Now we are out of that transformation and into a growth phase. This strategy is based on the belief that employee engagement is a key driver in building stronger companies. Zoom Video Communications, Inc. (NASDAQ:ZM) Q4 2023 Earnings Call Transcript February 27, 2023 Kelcey McKinley: Well. Barracuda shareholders of record will receive $27.55 in cash for each share of Barracuda common stock they hold. The firm currently manages a series of private equity and debt funds representing more than $17.0 billion of capital commitments. Guggenheim Securities, DBO Partners and Barclays served as financial advisors to KKR. 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. Kirkland & Ellis LLP is serving as legal counsel to Thoma Bravo and Barracuda. While Barracudas acquisition in 2013 by Thoma Bravo helped the company a lot in transforming itself into a cloud-first company with a modern comprehensive portfolio, they think KKR is even better situated to Barracudas current stage of the growth cycle. Headquartered in Stockholm, the development and the manufacturing is undertaken in Linkping.Saab produced automobiles from 1947 until 1990 when the automobile division was spun off as Saab Automobile, a joint venture with General Motors. When we were acquired by Thoma Bravo, we were a public company, but we had no ability to transform ourselves. 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. We expect that the acquisition strategy under KKR will be similar to what it has been, Naguib said. Get WAF protection in minutes with our application security service. This book was released on 1997 with total page 268 pages. With this acquisition, Barracuda is providing distributed businesses a new way to modernize remote access, enforce global security and access policies and achieve seamless connectivity without . In todays deal announcement, neither KKR nor Barracuda mentioned Barracudas long-established MSP partner strategy. Supported by our Lead . KKR & Co. announced Tuesday it's agreed to buy Barracuda from Thoma Bravo LP. 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. KKR has acquired Barracuda Networks from private equity firm Thoma Bravo. Morgan Stanley& Co. LLC is serving as financial advisor to Barracuda, and Wilson Sonsini Goodrich & Rosati, Professional Corporation, is serving as its legal advisors. 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 Founded in 2003, Barracuda is the developer of cybersecurity solutions,. We believe that with the support of KKR, we will continue to invest in growth and foster a culture that gives our team the resources and inspiration to continue to create and deliver the next generation of leading cybersecurity solutions for our customers and partners, said Hatem Naguib, CEO of Barracuda. View the full release here: https://www.businesswire.com/news/home/20220412005856/en/. 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. SKOUT is based in Melville, NY. Barracudas Board of Directors unanimously approved the agreement, and believes the transaction maximizes shareholder value. Simpson Thacher & Bartlett LLP is serving as legal counsel to KKR. More than 200,000 organizations worldwide trust Barracuda to protect them in ways they may not even know they are at risk so they can focus on taking their business to the next level. KKRs insurance subsidiaries offer retirement, life and reinsurance products under the management of Global Atlantic Financial Group. Thoma invested in us and reset how we went to market, reset the back end to the cloud, and upgraded our portfolio. The Managed Workplace acquisition is part of a larger MSP-centric partner strategy that extends all the from Barracuda CEO BJ Jenkins' office to the company's boardroom, ChannelE2E believes. Barracuda Email ProtectionComplete security that stops all 13 email threat types and protects Microsoft 365 data. Apply to Closer, Junior Account Manager, Software Consultant and more! We look forward to watching Barracudas continued success.. Teamwork at Barracuda is the key to everything we do and why we succeed. Check out our real-time view of global cyber threats, collected from millions of data points. Private equity powerhouse KKR is acquiring email security provider Barracuda Networks with plans to "accelerate growth" by further pushing the company into key security markets such as managed . Though above Barracuda's 52-week high, the price is down from the over $40 per share where the stock was trading in 2015. "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.". 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. San Francisco, CA 94105 +1 (415) 263-3660. media@kkr.com, For Thoma Bravo: Barracuda will implement KKRs broad-based employee ownership program, which makes all employees owners in their respective businesses alongside KKR. 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* jelam@barracuda.com, For KKR: "Were grateful to Thoma Bravo for their valuable strategic and operational support over the last four years.". Barracuda is the digital marketing agency that can help you surface real value We're a London based digital marketing agency Based out of Waterloo in London, we're an independent digital marketing agency all about delivering value to our clients. 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 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 At Barracuda, we make the world a safer place. Simpson Thacher & Bartlett LLP is serving as legal counsel to KKR. 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. 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. 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 additional information about KKR & Co. Inc. (NYSE: KKR), please visit KKRs website at www.kkr.com and on Twitter @KKR_Co. Before viewing this presentation, please acknowledge your understanding that it has been prepared for KKR & Co. Inc. (NYSE:KKR) for the benefit of its public stockholders and is not intended to be a solicitation or sale of any of the securities, funds or services that it may discuss. Barracuda is a cloud-first provider of cybersecurity solutions for small and medium sized enterprises (SMEs). For additional information about KKR & Co. Inc. (NYSE: KKR), please visit KKRs website at www.kkr.com and on Twitter @KKR_Co. 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. 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. More information about Thoma Bravo can be found atwww.thomabravo.com. Mar 2021 - Present2 years 1 month. Kirkland & Ellis LLP is serving as legal counsel to Thoma Bravo and Barracuda. Please read our cookie notice for more information on the cookies we use and how to delete or block them. 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. While Barracuda's acquisition in 2013 by Thoma Bravo helped the company a lot in transforming itself into a cloud-first company with a modern comprehensive portfolio, they think KKR is even better situated to Barracuda's current stage of the growth cycle. Get protection that goes beyond next-generation firewalls. The offer represents a 52% premium to Datto's unaffected stock price of $23.37 as of March 16, 2022. 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. 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. 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. View source version on businesswire.com: https://www.businesswire.com/news/home/20220412005856/en/, For Barracuda Networks: