Stop zero-hour and advanced attacks that evade traditional detection techniques. Email: Investor-Relations@kkr.com. 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. All statements, other than statements of historical fact, are statements that could be deemed forward-looking statements, including statements containing the words predicts, plan, expects, focus, anticipates, believes, goal, target, estimate, potential, may, will, might, momentum, can, could, seek, and similar words. 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. Accessorios. That compares to $352.6 million back in 2017, according to historic data from Barracuda. For more information, visit barracuda.com. Hello, everyone, and welcome to Zoom's Q4 FY '23 Earnings Release Webinar. No credit card is required. Finsbury Glover Hering Barracuda went public on the New York Stock Exchange (NYSE) in late 2013, pricing its IPO at $18 and raising $75 million in the process. Shareholders to Receive $27.55 per Share in Cash. Barracuda Networks has been acquired by KKR, an investment outfit taking the company over from past owner Thoma Bravo. 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. https://www.businesswire.com/news/home/20220412005856/en/. - 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. 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. Over the past 20 years, the firm has acquired or invested in more than 375 companies representing over $190 billion in enterprise value. Barracuda shareholders of record will receive $27.55 in cash for each share of Barracuda common stock they hold. KKR is a leading global investment firm that offers alternative asset management as well as capital markets and insurance solutions. For more information, visit barracuda.com. Thoma Bravo invests with a particular focus on application and infrastructure software and technology enabled services. That includes education, government, financial services, health care, retail, consumer goods and manufacturing. The firm invests in growth-oriented, innovative companies operating in the software and technology sectors. Protect data wherever it resides to minimize downtime and prevent data loss. Since 2011, KKR has awarded billions of dollars of total equity value to over 45,000 non-management employees across more than 25 companies. Its the same company, he said. Barracuda. Stop API attacks and improve customer experience. in an all-cash transaction valued at$1.6 billion. More information about Thoma Bravo can be found at www.thomabravo.com. Deploy simple and scalable security with no software or hardware to install. 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. This strategy is based on the belief that employee engagement is a key driver in building stronger companies. Email. The firm seeks to create value by collaborating with company management to improve business operations, invest in growth initiatives and make accretive acquisitions. propos de nous: Depuis plus de 10 ans, le Centre dentaire le Perrot (CDIP) est ddi votre sant bucco-dentaire. KKRs insurance subsidiaries offer retirement, life and reinsurance products under the management of Global Atlantic Financial Group. As acquisition is the process to takes over the controlling interest of rivals, so another concern was to gain market share and . This press release features multimedia. Barracuda execs say that the BitLeap acquisition fits into the company's existing business model and SMB target market segment as it continues its current expansion into the storage arena . 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. Naguib confirmed that the existing Barracuda leadership team will not be going anywhere with the ownership change. Barracuda has exchanged one private equity owner for another. 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. Barracuda's expertise includes security operations centers (SOCs) for MSPs. The firm has offices in Chicago, Miami and San Francisco. J.P. Morgan is serving as exclusive financial advisor to Thoma Bravo and Barracuda. 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.. More than 220,000 global customers trust Barracuda to safeguard their employees, data, and applications from a . 646-436-6126 The firm invests in growth-oriented, innovative companies operating in the software and technology sectors. Barracudas customer-centric business model focuses on delivering high-value, subscription-based IT solutions that provide end-to-end network and data protection. Mar 2021 - Present2 years 1 month. We believe every business deserves access to cloud-first, enterprise-grade security solutions that are easy to buy, deploy, and use. References to KKRs investments may include the activities of its sponsored funds and insurance subsidiaries. About Barracuda Networks, Inc. (NYSE:CUDA)Barracuda simplifies IT with cloud-enabled solutions that empower customers to protect their networks, applications and data, regardless of where they reside. We believe every business deserves access to cloud-enabled, enterprise-grade security solutions that are easy to buy, deploy, and use. We look forward to watching Barracudas continued success.. 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. 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 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. Previous investments included Ping, Cylance, DarkTrace, ForgeRock, NetSPI and Optiv, among others, the investor notes. barracuda, any of about 20 species of predacious fishes of the family Sphyraenidae (order Perciformes). Talent Acquisition Manager, MENA. Get protection that goes beyond next-generation firewalls. The firm invests in growth-oriented, innovative companies operating in the software and technology sectors. The firm currently manages a series of private equity and debt funds representing more than $17.0 billion of capital commitments. Acquisition from Thoma Bravo to further accelerate growth of leading cybersecurity software provider. 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. 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. Meanwhile, KKR has expansive experience in the cybersecurity and MSSP markets. 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. Job ID: 23-831. 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. Nicky.bryan@fgh.com, Craig Larson Hatem Naguib, CEO of Barracuda. That transformation was very successful for us. We are very pleased with the results of our acquisition strategy. 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. In cybersecurity, you cannot sit on your laurels. 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. These forward-looking statements should not be relied upon as representing Barracudas views as of any date subsequent to the date of this press release. For more information, visit www.thomabravo.com. Privacy Policy |Website Terms & Conditions. 2016 - 20182 . The company's filing status is listed as Active and its File Number is 6150972. For additional information about KKR & Co. Inc. (NYSE: KKR), please visit KKRs website at www.kkr.com and on Twitter @KKR_Co. Telephone: +1 (877) 610-4910 SKOUT provides Cyber as a Service software for Managed Service Providers (MSPs), as well as an extended detection and response (XDR) platform and service. Barracuda undertakes no intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. The following factors, among others, could cause actual results to vary from the forward-looking statements: whether KKR realizes all or any of the anticipated benefits from converting to a corporation and the timing of realizing such benefits; whether there are increased or unforeseen costs associated with the conversion, including any adverse change in tax law; the volatility of the capital markets; the general volatility of the capital markets; failure to realize the benefits of or changes in KKRs business strategies including the ability to realize the anticipated synergies from acquisitions or strategic partnerships or other transactions; availability, terms and deployment of capital; availability of qualified personnel and expense of recruiting and retaining such personnel; changes in the asset management industry, interest rates or the general economy; underperformance of KKR's investments and decreased ability to raise funds; and the degree and nature of KKRs competition. J.P. Morgan served as exclusive financial advisor to Thoma Bravo and Barracuda. 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. 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. 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 . 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 feels that the management team has done a phenomenal job. To get growth, you have to invest.. Spam, Malware, and Advanced Threat Protection, Email Encryption and Data Loss Prevention, Accelerate and secure cloud migrations with, Boost application performance and reduce costs with, Simplify and secure remote access by enabling Zero Trust for any device with, Secure your internet-connected devices with. For more information, visit www.thomabravo.com. We are seeking talented, motivated sales performers who thrive in quick sales cycle environment. 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. The offer represents a 52% premium to Datto's unaffected stock price of $23.37 as of March 16, 2022. When we were acquired by Thoma Bravo, we were a public company, but we had no ability to transform ourselves. Download or read book Challenger & Barracuda Restoration Guide, 1967-1974 written by Paul A. Herd and published by Motorbooks. "Barracuda has been a tremendous partner over the last four years and has experienced strong product, customer and revenue growth," said Chip Virnig, a Partner at Thoma Bravo. 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 . SKOUT is based in Melville, NY. Additional Information and Where to Find It In connection with the transaction, the Company will file relevant materials with the SEC, including a preliminary proxy statement on Schedule 14A. Barracuda Networks, Inc. recently announced that it has officially completed its acquisition of SKOUT Cybersecurity. NEW YORK & SAN FRANCISCO(BUSINESS WIRE) The forward-looking statements included in this press release represent Barracudas views as of the date of this press release. . barracuda.substack.com. View source version on businesswire.com: https://www.businesswire.com/news/home/20220412005856/en/, For Barracuda Networks:Jonelle Elam408-813-7762jelam@barracuda.com, For KKR:Julia Kosygina212-750-8300media@kkr.com, For Thoma Bravo:Megan FrankThoma Bravomfrank@thomabravo.com 212-731-4778, Nicky BryanFinsbury Glover Hering646-436-6126Nicky.bryan@fgh.com, https://www.businesswire.com/news/home/20220412005856/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. KKR sponsors investment funds that invest in private equity, credit and real assets and has strategic partners that manage hedge funds. "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. Accept the License Agreement, and click Next. Thoma Bravo is one of the largest private equity firms in the world, with more than $103 billion in assets under management as of December 31, 2021. The cybersecurity vendor said its proposed purchase . Get started in minutes. Protect patient data and avoid disruptions that could affect patient care. KKR sponsors investment funds that invest in private equity, credit and real assets and has strategic partners that manage hedge funds. 408-813-7762 Barracuda anticipates that subsequent events and developments will cause its views to change. Thoma invested in us and reset how we went to market, reset the back end to the cloud, and upgraded our portfolio. Explore how Barracuda protects state and local government websites and data. NEW YORK & SAN FRANCISCO, April 12, 2022 -- ( BUSINESS WIRE )--KKR, a leading global investment firm, today announced the signing of a definitive agreement under which KKR's investment funds will. Zoom Video Communications, Inc. (NASDAQ:ZM) Q4 2023 Earnings Call Transcript February 27, 2023 Kelcey McKinley: Well. "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. Barracudas are found in all warm and tropical regions; some also range into more temperate areas. "Were grateful to Thoma Bravo for their valuable strategic and operational support over the last four years.". 2022 Kohlberg Kravis Roberts & Co. L.P. All Rights Reserved. Guggenheim Securities, DBO Partners and Barclays are serving as financial advisors to KKR. 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. Simpson Thacher & Bartlett LLP is serving as legal counsel to KKR. Teamwork at Barracuda is the key to everything we do and why we succeed. Financial services are a prime target for cyber attacks. Please read our cookie notice for more information on the cookies we use and how to delete or block them. ", "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. Still, Barracudas exact annual revenue and EBITDA profit figures are not currently disclosed. Enter a Master Password for the Barracuda Network Access Client. Barracuda Networks, Barracuda, and the Barracuda Networks logo are registered trademarks of Barracuda Networks, Inc. in the US and other countries. "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. "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 company's partner in the next phase of its growth.". This strategy is based on the belief that employee engagement is a key driver in building stronger companies. The SKOUT acquisition last year, which added a SOC and XDR capability, was a particularly great acquisition. 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. Subscribe to the daily e-mail newsletter from ChannelBuzz.ca and get the latest Canadian channel news delivered to your desktop every weekday morning. Notify me of followup comments via e-mail. 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. The firm has offices in Chicago, Miami and San Francisco. Barracuda will implement KKRs broad-based employee ownership program, which makes all employees owners in their respective businesses alongside KKR. It has also made a series of acquisitions, including buying extended detection and response. Financial terms were not disclosed. We protect email, networks, data and applications with innovative solutions that grow and adapt with our customers' journey. 2003 - 2022 Barracuda Networks, Inc. All rights reserved. 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. I expect that our employees, customers, and partners will benefit from this partnership., Barracuda is a proven industry leader, consistently bringing powerful, comprehensive solutions to customers in an increasingly prevalent, hostile, and complex threat environment, saidSeth Boro, a managing partner at Thoma Bravo. Facebook. All Rights Reserved. According to the statement released today, Broadway will use the acquisition to further expand its product suite. Thoma Bravo to Acquire ABC Financial Services, Inc. We feel very strong alignment with this, Naguib indicated. That impacts who is a good fit. "With this acquisition, Barracuda is providing distributed businesses a new way to modernise remote access, enforce global security and access policies, and achieve seamless connectivity without . KKRs insurance subsidiaries offer retirement, life and reinsurance products under the management of Global Atlantic Financial Group. This site uses cookies to provide you with a more responsive and personalized service. 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. KKR will provide resources and expertise to further accelerate the Companys growth and support its strategic expansion in key areas, including managed detection and response, extended detection and response, and secure access service edge technology. This press release features multimedia. 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 Barracuda will implement KKR's broad-based employee ownership program, which makes all employees owners in their respective businesses alongside 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. But MSPs have been a top go-to-market channel for Barracuda since about 2016 or so. Fill out this form to get a full-featured version of Barracuda Cloud-to-Cloud Backup free for 14 days. Our channel is supremely important to us. Jonelle Elam Morgan Stanley& Co. LLC is serving as financial advisor to Barracuda, and Wilson Sonsini Goodrich & Rosati, Professional Corporation, is serving as its legal advisors. 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. Actual results may differ materially from those projected in such statements due to various factors, including, but not limited to, (i) the risk that the transaction may not be consummated in a timely manner, if at all; (ii) the risk that the transaction may not be consummated and that, in certain circumstances, the Company may not be entitled to a termination fee; (iii) the risk that the definitive merger agreement may be terminated in circumstances that require the Company to pay a termination fee; (iv) risks related to the diversion of managements attention from the Companys ongoing business operations; (v) risks regarding the failure of the relevant Thoma Bravo affiliate to obtain the necessary financing to complete the transaction; (vi) the effect of the announcement of the transaction on the Companys business relationships (including, without limitation, customers and suppliers), operating results and business generally; and (vii) risks related to obtaining the requisite consents to the transaction, including, without limitation, the timing (including possible delays) and receipt of regulatory approvals from various domestic and foreign governmental entities (including any conditions, limitations or restrictions placed on these approvals) and the risk that one or more governmental entities may deny approval. 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.. 212-750-8300 This is technology M&A deal number 372 that MSSP Alert and sister site ChannelE2E have covered so far in 2022. 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. media@kkr.com, For Thoma Bravo: 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. 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. Thoma Bravo is one of the largest private equity firms in the world, with more than $103 billion in assets under management as of December 31, 2021. 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. 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. "We look forward to watching Barracudas continued success.". We believe every business deserves access to cloud-first, enterprise-grade security solutions that are easy to buy, deploy, and use. 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 are seeking talented, motivated sales performers who thrive in quick sales cycle environment. 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. Financing for the transaction is being provided by Goldman Sachs & Co. LLC, Credit Suisse, and UBS Investment Bank. At Barracuda, we make the world a safer place. 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 will provide resources and expertise to further accelerate the Companys growth and support its strategic expansion in key areas, including managed detection and response, extended detection and response, and secure access service edge technology. 57 Closer jobs available in Candlewyck, NJ on Indeed.com. "We believe the proposed transaction offers an opportunity for us to accelerate our growth with our industry-leading security platform that's purpose-built for highly distributed, diverse cloud and hybrid environments. Automate security policy compliance in the cloud. 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. Stop bots from scraping confidential data, skewing web analytics, and impairing website performance.