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. 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. The offer represents a 52% premium to Datto's unaffected stock price of $23.37 as of March 16, 2022. We are very appreciative of Thoma Bravos support and very excited to be working with KKR on this next phase of Barracudas journey., We continue to see cybersecurity as a highly attractive sector and are excited to back a clear leader in the space, said John Park, Head of Americas Technology Private Equity at KKR. We feel very strong alignment with this, Naguib indicated. There are different types of equity plans, and the plans can be different, even with KKR, Naguib said. When typing in this field, a list of search results will appear and be automatically updated as you type. Required fields are marked *. Learn how Barracuda can help. CAMPBELL, Calif., Feb. 12, 2018 /PRNewswire/ -- Thoma Bravo, LLC., a leading private equity investment firm, today announced that it has completed. 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. The cybersecurity vendor said its proposed purchase . As acquisition is the process to takes over the controlling interest of rivals, so another concern was to gain market share and . Simpson Thacher & Bartlett LLP served as legal counsel to KKR. 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. KKR Completes Acquisition of Barracuda from Thoma Bravo Complete Web Application and API Protection (WAAP) platform to secure your workloads in the cloud. Simpson Thacher & Bartlett LLP is serving as legal counsel to KKR. Since 2011, KKR has awarded billions of dollars of total equity value to over 45,000 non-management employees across more than 25 companies. View the full release here: https://www.businesswire.com/news/home/20220816005239/en/. This is technology M&A deal number 372 that MSSP Alert and sister site ChannelE2Ehave covered so far in 2022. La reprise se fera sur un produit usag quivalent au produit achet (en termes de fonction et de volume), sur rendez-vous auprs de notre service client. BARRACUDA ACQUISITIONCO, INC. in Wilmington, DE | Company Info - Bizapedia Jonelle Elam 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 As you may have heard, Barracuda has acquired the Managed Workplace remote monitoring and management product line from Avast. For additional information about KKR & Co. Inc. (NYSE: KKR), please visit KKRs website at www.kkr.com and on Twitter @KKR_Co. Zoom Video Communications, Inc. (NASDAQ:ZM) Q4 2023 Earnings Call Transcript February 27, 2023 Kelcey McKinley: Well. KKRs insurance subsidiaries offer retirement, life and reinsurance products under the management of Global Atlantic Financial Group. Barracuda Offers Backup, Services With BitLeap Acquisition 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. 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. Privacy Policy |Website Terms & Conditions. Protect students and faculty from ransomware and other cyber attacks. 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. Botes Exhibidores; Llaveros; Anualidades para Equipos. We look forward to watching Barracudas continued success.. That includes education, government, financial services, health care, retail, consumer goods and manufacturing. The forward-looking statements included in this press release represent Barracudas views as of the date of this press release. KKR To Acquire Barracuda Networks In Bid To 'Accelerate - CRN We protect email, networks, data and applications with innovative solutions that grow and adapt with our customers . 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. Barracuda shareholders of record will receive $27.55 in cash for each share of Barracuda common stock they hold. Added John Park, head of Americas Technology Private Equity at KKR: We continue to see cybersecurity as a highly attractive sector and are excited to back a clear leader in the space. The company's filing status is listed as Active and its File Number is 6150972. At Barracuda, we make the world a safer place. KKR sponsors investment funds that invest in private equity, credit and real assets and has strategic partners that manage hedge funds. Palo Alto Networks -and- Barracuda Firewalls w/Service Agreements Over the past 20 years, the firm has acquired or invested in more than 375 companies representing over $190 billion in enterprise value. Hello, everyone, and welcome to Zoom's Q4 FY '23 Earnings Release Webinar. 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. This strategy is based on the belief that employee engagement is a key driver in building stronger companies. 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. KKR to Acquire Barracuda Networks The transaction is anticipated to close by the end of the year. 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. 646-436-6126 Check out our real-time view of global cyber threats, collected from millions of data points. KKR is a leading global investment firm that offers alternative asset management as well as capital markets and insurance solutions. At Barracuda we strive to make the world a safer place. 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. Thoma Bravo UK LLP is an Appointed Representative of Sapia Partners LLP which is regulated and authorised by the Financial Conduct Authority (FCA). - 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 believe every business deserves access to cloud-enabled, enterprise-grade security solutions that are easy to buy, deploy, and use. 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. Barracuda Agrees To Be Acquired By Thoma Bravo For $1.6 Billion Guggenheim Securities, DBO Partners and Barclays served as financial advisors to KKR. Over the past 20 years, the firm has acquired or invested in more than 375 companies representing over $190 billion in enterprise value. Barracuda Closes Acquisition of SKOUT Cybersecurity KKR is a leading global investment firm that offers alternative asset management as well as capital markets and insurance solutions. Barracuda to Acquire Intronis, Inc | Barracuda MSP 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. 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. KKR to buy cybersecurity firm Barracuda from Thoma Bravo in - Reuters Explore how Barracuda protects state and local government websites and data. We are seeking talented, motivated sales performers who thrive in quick sales cycle environment. Cybersecurity company Barracuda to go private as part of $1.6 billion The company's shares hit a high of around $45 in 2015, and. Check out our security products for Google Cloud Platform. SKOUT provides Cyber as a Service software for Managed Service Providers (MSPs), as well as an extended detection and response (XDR) platform and service. Email: Investor-Relations@kkr.com. If configured, it is required to shut down the NAC Client and make certain configuration changes. This fast-paced role is focused on growing our Small to Midsize Business (SMB) customer base through expansion and acquisition of net-new customers. Barracuda acquires Skout Cybersecurity to enter the XDR market 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. Still, Barracudas exact annual revenue and EBITDA profit figures are not currently disclosed. 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. Deploy simple and scalable security with no software or hardware to install. KKR to Acquire Barracuda Networks - Kohlberg Kravis Roberts in an all-cash transaction valued at $1.6 billion. Over the past 20 years, the firm has acquired or invested in more than 380 companies representing over $190 billion in enterprise value. Protect websites and apps from advanced cyber-threats. 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. KKRs insurance subsidiaries offer retirement, life and reinsurance products under the management of Global Atlantic Financial Group. More than 200,000 customers worldwide count on Barracuda to protect their email, networks, applications, and data. BARRACUDA ACQUISITIONCO, INC. Thoma Bravo KKR is a leading global investment firm that offers alternative asset management as well as capital markets and insurance solutions. barracuda, any of about 20 species of predacious fishes of the family Sphyraenidae (order Perciformes). Finsbury Glover Hering J.P. Morgan is serving as exclusive financial advisor to Thoma Bravo and Barracuda. Brazil, Peru and Chile were less targeted. 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. 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. "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. Nous nous engageons collecter gratuitement votre ancien meuble chez vous pour toute acquisition d'un meuble neuf livr chez vous. Terms of the deal were not disclosed, as Barracuda is a private company. 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. The firm invests in growth-oriented, innovative companies operating in the software and technology sectors. Barracuda generates more than $500 million in annual revenue, the buyer indicated. Kirkland & Ellis LLP served as legal counsel to Thoma Bravo and Barracuda. 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. KKR to Acquire Barracuda Networks - darkreading.com KKR to buy Barracuda Networks from Thoma Bravo for nearly $4B Monika Dang (she/her) - Technical Talent Partner - Barracuda - LinkedIn Thoma Bravo to Acquire ABC Financial Services, Inc. Barracuda focuses on serving SMEs and has more than 200,000 customers worldwide across a variety of industries. Automate security policy compliance in the cloud. For more information, visit www.barracuda.com. Barracuda completes acquisition of SKOUT Cybersecurity PDF Press Releases Sheppard Mullin Advises SKOUT Cybersecurity in Barracuda Networks has purchased Skout Cybersecurity, a New York-based channel-only provider of extended detection and response (XDR) services. Thoma Bravo invests with a particular focus on application and infrastructure software and technology enabled services. Barracuda Networks - Wikipedia KKR Completes Acquisition of Barracuda from Thoma Bravo