945 Stuyvesant Ave, Union, Nj 07083, Pet Friendly Resorts In Orlando, Florida, Orlando Wedding Venues That Allow Outside Catering, Articles B

For additional information about KKR & Co. Inc. (NYSE: KKR), please visit KKRs website at www.kkr.com and on Twitter @KKR_Co. Guggenheim Securities, DBO Partners and Barclays are serving as financial advisors to 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. Swift and powerful, they are slender in form, with small scales, two well-separated dorsal fins, a jutting lower jaw, and a large mouth with many large, sharp teeth. We are in a very dynamic business. For more information, visit www.barracuda.com. The transaction is anticipated to close by the end of the year, subject to customary conditions. For more information, visit www.thomabravo.com. KKR sponsors investment funds that invest in private equity, credit and real assets and has strategic partners that manage hedge funds. Hello, everyone, and welcome to Zoom's Q4 FY '23 Earnings Release Webinar. 2016 - 20182 . The transaction is anticipated to close by the end of the year, subject to customary conditions. KKRs insurance subsidiaries offer retirement, life and reinsurance products under the management of Global Atlantic Financial Group. ", "Barracuda is a proven industry leader, consistently bringing powerful, comprehensive solutions to customers in an increasingly prevalent, hostile, and complex threat environment," said Seth Boro, a managing partner at Thoma Bravo. 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. Supported by our Lead . When typing in this field, a list of search results will appear and be automatically updated as you type. - 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. We look forward to watching Barracudas continued success.. Protect patient data and avoid disruptions that could affect patient care. 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.. Protect your physical locations with cloud-connected appliances and software that can be deployed on premises or in the cloud. 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. 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. 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 protect email, networks, data, and applications with innovative solutions that grow and adapt with our customers' journey. BARRACUDA ACQUISITIONCO, INC. is a Delaware Domestic Corporation filed on August 9, 2021. THREAT PREVENTION Spam, Malware, and Advanced Threat Protection Phishing and Impersonation Protection Account Takeover Protection Domain Fraud Protection Web Security Zero Trust Access for Microsoft 365 Simpson Thacher & Bartlett LLP is serving as legal counsel to KKR. Morgan Stanley& Co. LLC is serving as financial advisor to Barracuda, and Wilson Sonsini Goodrich & Rosati, Professional Corporation, is serving as its legal advisors. In cybersecurity, you cannot sit on your laurels. 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. 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 has purchased Skout Cybersecurity, a New York-based channel-only provider of extended detection and response (XDR) services. 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. 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. 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. Complete security that stops all 13 email threat types and protects Microsoft 365 data. 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 security and networking solutions that are deployed natively in Microsoft Azure. Financial services are a prime target for cyber attacks. Barracuda's Board of Directors unanimously approved the agreement, and believes the transaction maximizes shareholder value. This is technology M&A deal number 372 that MSSP Alert and sister site ChannelE2Ehave covered so far in 2022. Stop zero-hour and advanced attacks that evade traditional detection techniques. 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. We protect email, networks, data, and applications with innovative solutions that grow and adapt with our customers' journey. [31] In November 2017, private equity firm Thoma Bravo announced they were taking Barracuda Networks private in a $1.6 billion buyout. Barracuda is a provider of powerful, easy-to-use, affordable IT solutions for security and storage. On 11February . Thoma Bravo has an excellent history of investing in growing security businesses, and this transaction speaks to the value and strength of Barracudas security platform, which helps customers protect and manage their networks, applications, and data. View the full release here: https://www.businesswire.com/news/home/20220412005856/en/. All Rights Reserved. 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. Guggenheim Securities, DBO Partners and Barclays are serving as financial advisors to KKR. Guggenheim Securities, DBO Partners and Barclays are serving as financial advisors to KKR. e-mail. Your email address will not be published. The firm invests in growth-oriented, innovative companies operating in the software and technology sectors. "We are excited to complete this transaction and begin working with the Barracuda team to support their continued growth and delivery of next generation cloud-first cybersecurity solutions that protect SMEs from an evolving landscape of threats," said John Park, a Partner at KKR. These powerful, easy-to-use and affordable solutions are trusted by more than 150,000 organizations worldwide and are delivered in appliance, virtual appliance, cloud and hybrid deployment configurations. Nous nous engageons collecter gratuitement votre ancien meuble chez vous pour toute acquisition d'un meuble neuf livr chez vous. 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. Check out our real-time view of global cyber threats, collected from millions of data points. Thoma Bravo, LLC., a leading private equity investment firm, today announced that it has completed its acquisition of Barracuda Networks, Inc. in an all-cash transaction valued at $1.6 billion. Terms of the deal were not disclosed, as Barracuda is a private company. 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. 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. This press release features multimedia. For additional information, please visitbarracuda.com. 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. It has also made a series of acquisitions, including buying extended detection and response. 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. KKR buys Barracuda Networks from private equity firm Thoma Bravo. Acquisition from Thoma Bravo to further accelerate growth of leading cybersecurity software provider. Barracuda shareholders of record will receive $27.55 in cash for each share of Barracuda common stock they hold. Financial terms were not disclosed. 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. The company's shares hit a high of around $45 in 2015, and. That impacts who is a good fit. Thoma invested in us and reset how we went to market, reset the back end to the cloud, and upgraded our portfolio. 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. 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. Barracuda plans to buy Skout Cybersecurity to provide MSPs with the technology and manpower needed to respond more effectively to cyberthreats. The offer represents a 52% premium to Datto's unaffected stock price of $23.37 as of March 16, 2022. "From multiple acquisitions to backend improvements, Barracuda has delivered tremendous value to its customers and partners. For more information, visit www.thomabravo.com. Our channel is supremely important to us. Founded in 2003, Barracuda is the developer of cybersecurity solutions,. Scan your Microsoft 365 for sensitive data and malware. 646-436-6126 Thoma Bravo UK LLP is an Appointed Representative of Sapia Partners LLP which is regulated and authorised by the Financial Conduct Authority (FCA). 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. Barracuda Agrees To Be Acquired By Thoma Bravo For $1.6 Billion, Riskonnect Acquires Aruvio, Expands Governance, Risk and Compliance Offering. 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,. 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. Barracudas customer-centric business model focuses on delivering high-value, subscription-based IT solutions that provide end-to-end network and data protection. Guggenheim Securities, DBO Partners and Barclays served as financial advisors to KKR. The Edge DR Tech Sections Close Back Sections Featured Sections The Edge Dark Reading Technology. A global crypto scam involving Binance and Huobi exchanges is targeting victims in Colombia, Venezuela, Mexico and Argentina. Enter a Master Password for the Barracuda Network Access Client. We believe every business deserves access to cloud-first, enterprise-grade security solutions that are easy to buy, deploy, and use. More information about Thoma Bravo can be found atwww.thomabravo.com. Barracuda Networks has been acquired by KKR, an investment outfit taking the company over from past owner Thoma Bravo. Get protection that goes beyond next-generation firewalls. Barracuda anticipates that subsequent events and developments will cause its views to change. We believe every business deserves access to cloud-enabled, enterprise-grade security solutions that are easy to buy, deploy, and use.