Scan your Microsoft 365 for sensitive data and malware. . For additional information, please visit barracuda.com. Getting started is easy. Talent Acquisition Manager, MENA. Barracuda anticipates that subsequent events and developments will cause its views to change. The forward-looking statements included in this press release represent Barracudas views as of the date of this press release. "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. This is technology M&A deal number 372 that MSSP Alert and sister site ChannelE2Ehave covered so far in 2022. Information about the Company's 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 on June 28, 2017 and the Annual Report on Forms 10-K for the fiscal year ended February 28, 2017. Barracuda Email ProtectionComplete security that stops all 13 email threat types and protects Microsoft 365 data. Thoma Bravo invests with a particular focus on application and infrastructure software and technology enabled services. Stop zero-hour and advanced attacks that evade traditional detection techniques. Fill out this form to get a full-featured version of Barracuda Cloud-to-Cloud Backup free for 14 days. Barracudas Board of Directors unanimously approved the agreement, and believes the transaction maximizes shareholder value. We believe every business deserves access to cloud-enabled, enterprise-grade security solutions that are easy to buy, deploy, and use. 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. 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. ", "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. The company's filing status is listed as Active and its File Number is 6150972. Copy link. J.P. Morgan is serving as exclusive financial advisor to Thoma Bravo and Barracuda. Terms of the deal were not disclosed, as Barracuda is a private company. "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.". Finsbury Glover Hering The Barracuda acquisition may not have been threatening to ION per se, but it might have alerted them to the utility of acquisitions in the sector, and in particular in the connectivity and integration section of the market. 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. On 11February . 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 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. 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. 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. The definitive proxy statement, the preliminary proxy statement and other relevant materials in connection with the transaction (when they become available), and any other documents filed by the Company with the SEC, may be obtained free of charge at the SEC's website (http://www.sec.gov) or at the Company's website (http://investor.Barracuda.com/) or by writing to the Company's Secretary at 3175 S. Winchester Blvd, Campbell CA 95008. 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. J.P. Morgan is serving as exclusive financial advisor to Thoma Bravo and Barracuda. Barracuda anticipates that subsequent events and developments will cause its views to change. 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. More information about Thoma Bravo can be found at www.thomabravo.com. "From multiple acquisitions to backend improvements, Barracuda has delivered tremendous value to its customers and partners. For more information, visit barracuda.com. Barracuda will implement KKR's broad-based employee ownership program, which makes all employees owners in their respective businesses alongside KKR. As you may have heard, Barracuda has acquired the Managed Workplace remote monitoring and management product line from Avast. 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 is a provider of powerful, easy-to-use, affordable IT solutions for security and storage. This strategy is based on the belief that employee engagement is a key driver in building stronger companies. Automate security policy compliance in the cloud. Shareholders to Receive $27.55 per Share in Cash. 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. barracuda.substack.com. This press release features multimedia. Protect patient data and avoid disruptions that could affect patient care. Additional Information and Where to Find ItIn connection with the transaction, the Company will file relevant materials with the SEC, including a preliminary proxy statement on Schedule 14A. For additional information about KKR & Co. Inc. (NYSE: KKR), please visit KKRs website at www.kkr.com and on Twitter @KKR_Co. Thoma Bravo to Acquire ABC Financial Services, Inc. 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 Simpson Thacher & Bartlett LLP served as legal counsel to KKR. KKR is a leading global investment firm that offers alternative asset management as well as capital markets and insurance solutions. "We are very appreciative of Thoma Bravos support and very excited to be working with KKR on this next phase of Barracudas journey. Simpson Thacher & Bartlett LLP is serving as legal counsel to KKR. Guggenheim Securities, DBO Partners and Barclays are serving as financial advisors to KKR. The Registered Agent on file for this company is Corporation Service Company and is located at 251 Little Falls Drive, Wilmington, DE 19808. 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. 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. Barracuda is a cloud-first provider of cybersecurity solutions for small and medium sized enterprises (SMEs). 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. Guggenheim Securities, DBO Partners and Barclays are serving as financial advisors to KKR. CAMPBELL, Calif., July 13, 2021 /PRNewswire/ -- Barracuda Networks, Inc. , a trusted partner and leading provider of cloud-enabled security solutions, today announced it has completed its. Outside US: +1 (212) 230-9410 We believe every business deserves access to cloud-first, enterprise-grade security solutions that are easy to buy, deploy, and use. 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. 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. 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. References to KKRs investments may include the activities of its sponsored funds and insurance subsidiaries. For additional information about KKR & Co. Inc. (NYSE: KKR), please visit KKRs website at www.kkr.com and on Twitter @KKR_Co. 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. 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. 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. No credit card is required. We look forward to watching Barracudas continued success.. On 2/28/23 MICC West Point issued Sources Sought W911SD23R0994 for Palo Alto Networks -and- Barracuda Firewalls w/Service Agreements due 3/6/23 Barracuda's customer-centric business model focuses on delivering high-value, subscription-based IT solutions that provide end-to-end network and data protection. This helpful guide contains hundreds of detailed . "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.
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