Huobi has been operating in Argentina ever since an acquisition of a local platform last year. Get protection that goes beyond next-generation firewalls. KKR is a leading global investment firm that offers alternative asset management as well as capital markets and insurance solutions. Automate security policy compliance in the cloud. 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. Barracudas Board of Directors unanimously approved the agreement, and believes the transaction maximizes shareholder value. Barracuda will implement KKRs broad-based employee ownership program, which makes all employees owners in their respective businesses alongside KKR. 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. 57 Closer jobs available in Candlewyck, NJ on Indeed.com. When we were acquired by Thoma Bravo, we were a public company, but we had no ability to transform ourselves. This strategy is based on the belief that employee engagement is a key driver in building stronger companies. Megan Frank Thoma Bravo UK LLP is an Appointed Representative of Sapia Partners LLP which is regulated and authorised by the Financial Conduct Authority (FCA). View source version on businesswire.com: https://www.businesswire.com/news/home/20220412005856/en/, For Barracuda Networks: Complete security that stops all 13 email threat types and protects Microsoft 365 data. In todays deal announcement, neither KKR nor Barracuda mentioned Barracudas long-established MSP partner strategy. 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 . The forward-looking statements included in this press release represent Barracuda's views as of the date of this press release. Barracuda will implement KKR's broad-based employee ownership program, which makes all employees owners in their respective businesses alongside KKR. Protect data wherever it resides to minimize downtime and prevent data loss. 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. "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. 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 solutions, today announced that KKR's investment funds have completed an acquisition of Barracuda from Thoma Bravo, a leading . Barracuda focuses on serving SMEs and has more than 200,000 customers worldwide across a variety of industries. 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 deal, the terms of which were not disclosed,. 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.. The cybersecurity vendor said its proposed purchase . This press release features multimedia. All Rights Reserved. Hatem Naguib, CEO of Barracuda. Envision yourself at Barracuda! Julia Kosygina Guggenheim Securities, DBO Partners and Barclays served as financial advisors to KKR. ", "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. 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.. Select Barracuda VPN Client + Personal Firewall + Health Monitoring to initiate a complete installation. 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. Protect your business and users from ransomware attacks in three easy steps. 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. in an all-cash transaction valued at$1.6 billion. 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. Financing for the transaction is being provided by Goldman Sachs & Co. LLC, Credit Suisse, and UBS Investment Bank. The offer represents a 52% premium to Datto's unaffected stock price of $23.37 as of March 16, 2022. Learn how Barracuda can help. KKR sponsors investment funds that invest in private equity, credit and real assets and has strategic partners that manage hedge funds. Since 2011, KKR has awarded billions of dollars of total equity value to over 45,000 non-management employees across more than 25 companies. in an all-cash transaction valued at $1.6 billion. References to KKRs investments may include the activities of its sponsored funds and insurance subsidiaries. From multiple acquisitions to backend improvements, Barracuda has delivered tremendous value to its customers and partners.. BARRACUDA ACQUISITIONCO, INC. 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. Protect patient data and avoid disruptions that could affect patient care. Magazine Premium created by c.bavota. Facsimile: +1 (212) 750-0003 Barracuda generates more than $500 million in annual revenue, the buyer indicated. Barracuda anticipates that subsequent events and developments will cause its views to change. Book excerpt: Revive the muscular good looks and horsepower of your E-body! How exactly this will roll out at Barracuda is less certain, as employee ownership does not take a one size fits all approach across the KKR portfolio. J.P. Morgan is serving as exclusive financial advisor to Thoma Bravo and Barracuda. Shareholders to Receive $27.55 per Share in Cash. For additional information, please visit barracuda.com. Ensure compliance with safe learning regulations. Now we are out of that transformation and into a growth phase. 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. 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. The firm has offices in Chicago, Miami and San Francisco. Financial terms of the deal were not disclosed, though the deal's valuation was roughly $3.8 billion, according to Silicon Valley Business Journal. Barracuda intends all such forward-looking statements to be covered by the safe harbor provisions for forward-looking statements contained in Section 21E of the Exchange Act and the Private Securities Litigation Reform Act of 1995. Email:
[email protected]. 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. Botes Exhibidores; Llaveros; Anualidades para Equipos. Barracuda Networks, Barracuda, and the Barracuda Networks logo are registered trademarks of Barracuda Networks, Inc. in the US and other countries. "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. Upon the close of the transaction, Barracuda will operate as a privately-held company with a continued focus on email security and management, network and application security, and data protection solutions that can be deployed in cloud and hybrid environments. Barracuda plans to buy Skout Cybersecurity to provide MSPs with the technology and manpower needed to respond more effectively to cyberthreats. Finsbury Glover Hering "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. Barracuda anticipates that subsequent events and developments will cause its views to change. For more information, visit www.thomabravo.com. 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 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 response (XDR) platform and We believe every business deserves access to cloud-first, enterprise-grade security solutions that are easy to buy, deploy, and use. If a change occurs, KKRs business, financial condition, liquidity and results of operations, including but not limited to, assets under management, fee paying assets under management, after-tax distributable earnings, capital invested, syndicated capital, uncalled commitments, cash and short-term investments, fee related earnings, fee and yield segment EBITDA, core interest expense and book value, may vary materially from those expressed in the forward-looking statements. All forward-looking statements speak only as of the date they are made. Past performance is not necessarily indicative of future results. More than 220,000 global customers trust Barracuda to safeguard their employees, data, and applications from a . This book was released on 1997 with total page 268 pages. 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. barracuda, any of about 20 species of predacious fishes of the family Sphyraenidae (order Perciformes). References to KKRs investments may include the activities of its sponsored funds and insurance subsidiaries.