This site uses cookies to provide you with a more responsive and personalized service. View source version on businesswire.com: https://www.businesswire.com/news/home/20220816005239/en/, For Barracuda Networks:Jonelle Elam408-813-7762jelam@barracuda.com, For KKR:Julia Kosygina212-750-8300media@kkr.com, For Thoma Bravo:Thoma Bravo CommunicationsMegan Frank(212)-731-4778mfrank@thomabravo.com, FGS Global:Nicky Bryan(646)-436-6126nicky.bryan@fgsglobal.com, https://www.businesswire.com/news/home/20220816005239/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. One of our values at Barracuda is to succeed together. 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. 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 KKR's 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 Still, Barracudas exact annual revenue and EBITDA profit figures are not currently disclosed. 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. 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,. Apply to Closer, Junior Account Manager, Software Consultant and more! "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.". Thoma Bravo invests with a particular focus on application and infrastructure software and technology enabled services. The firm has offices in Chicago, Miami and San Francisco. Our channel is supremely important to us. Thoma Bravo is one of the largest private equity firms in the world, with more than $114 billion in assets under management as of March 31, 2022. Thoma Bravo Completes Acquisition of Barracuda - Insider At Barracuda we strive to make the world a safer place. KKR has acquired Barracuda Networks from private equity firm Thoma Bravo. "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. 2003 - 2022 Barracuda Networks, Inc. All rights reserved. The Edge DR Tech Sections Close Back Sections Featured Sections The Edge Dark Reading Technology. Hello, everyone, and welcome to Zoom's Q4 FY '23 Earnings Release Webinar. Security business Barracuda Networks acquired for $1.6 billion Past performance is not necessarily indicative of future results. Talent Acquisition Manager, MENA. from 8 AM - 9 PM ET. Your email address will not be published. Copy link. Protect data wherever it resides to minimize downtime and prevent data loss. Barracuda | LinkedIn Participants in the SolicitationThe Company and its directors and executive officers may be deemed to be participants in the solicitation of proxies from the Companys stockholders with respect to the transaction. 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. This book was released on 1997 with total page 268 pages. Barracuda 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 response (XDR) platform and service. Barracuda Networks, Barracuda, and the Barracuda Networks logo are registered trademarks of Barracuda Networks, Inc. in the US and other countries. Barracuda shareholders of record will receive $27.55 in cash for each share of Barracuda common stock they hold. For additional information about KKR & Co. Inc. (NYSE: KKR), please visit KKRs website at www.kkr.com and on Twitter @KKR_Co. At Barracuda, we make the world a safer place. media@kkr.com, For Thoma Bravo: View source version on businesswire.com: https://www.businesswire.com/news/home/20220412005856/en/, For Barracuda Networks: Given its proven track record of growth and innovation, we believe that Barracuda has the right team and model to capture business in this growing market., Barracuda has built an impressive portfolio of solutions that are helping SMEs around the world protect their data and address critical security challenges, said Bradley Brown, Managing Director at KKR. Saab AB - Wikipedia 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 . barracuda, any of about 20 species of predacious fishes of the family Sphyraenidae (order Perciformes). We protect email, networks, data, and applications with innovative solutions that grow and adapt with our customers' journey. KKR is a leading global investment firm that offers alternative asset management as well as capital markets and insurance solutions. e-mail. The company's shares hit a high of around $45 in 2015, and. During Thoma Bravos ownership, Barracuda expanded and enhanced its product suite, implemented best-in-class operational processes and successfully executed a number of strategic acquisitions, which together propelled the Company to profitable and accelerating growth at over $500mm of revenue and enabled more customers to comprehensively protect their employees, applications, networks and data. More recently, key Barracuda moves include buying Skout Cybersecurity for MSP-focused security operations center capabilities. 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. London Digital Marketing Agency | Barracuda Digital 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. I expect that our employees, customers, and partners will benefit from this partnership. Browse our security and network solutions designed specifically for AWS. Given its proven track record of growth and innovation, we believe that Barracuda has the right team and model to capture business in this growing market.. 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. Julia Kosygina Hatem Naguib, CEO of Barracuda. We protect email, networks, data, and applications with innovative solutions that grow and adapt with our customers journey. "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. Simpson Thacher & Bartlett LLP is serving as legal counsel to KKR. This press release features multimedia. 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 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 We protect email, networks, data, and applications with innovative solutions that grow and adapt with our customers' journey. Acquisition from Thoma Bravo to further accelerate growth of leading cybersecurity software provider. 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. 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. | Zdnet This press release features multimedia. Financial terms of the deal were not disclosed, though the deal's valuation was roughly $3.8 billion, according to Silicon Valley Business Journal. KKR & Co. announced Tuesday it's agreed to buy Barracuda from Thoma Bravo LP. No credit card is required. 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. References to KKRs investments may include the activities of its sponsored funds and insurance subsidiaries. Protect students and faculty from ransomware and other cyber attacks. More information about Thoma Bravo can be found atwww.thomabravo.com. We are in a very dynamic business. Acquired by Kohlberg Kravis Roberts Campbell, California, United States 501-1000 Grant Delisted www.barracuda.com 15,945 Highlights Acquisitions 13 Investments 5 Exits 3 Total Funding Amount $46.4M Contacts 530 Employee Profiles 35