Over the past 20 years, the firm has acquired or invested in more than 375 companies representing over $190 billion in enterprise value. J.P. Morgan served as exclusive financial advisor to Thoma Bravo and Barracuda. Barracuda will implement KKR's broad-based employee ownership program, which makes all employees owners in their respective businesses alongside KKR. 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 Past performance is not necessarily indicative of future results. Meanwhile, KKR has expansive experience in the cybersecurity and MSSP markets. Twitter. The transaction is anticipated to close by the end of the year, subject to customary conditions. "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. 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 strive to 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. 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. We believe every business deserves access to cloud-enabled, enterprise-grade security solutions that are easy to buy, deploy, and use. 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. For more information, visit barracuda.com. Guggenheim Securities, DBO Partners and Barclays served as financial advisors to KKR. Barracuda Networks, Inc., a trusted partner and leading provider of cloud-enabled security solutions, 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 service. Please read our cookie notice for more information on the cookies we use and how to delete or block them. One of our values at Barracuda is to succeed together. Barracudas are found in all warm and tropical regions; some also range into more temperate areas. 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 The company's filing status is listed as Active and its File Number is 6150972. 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. For additional information about KKR & Co. Inc. (NYSE: KKR), please visit KKRs website at www.kkr.com and on Twitter @KKR_Co. Jonelle Elam Barracuda has announced future discontinuation of its Copy and CudaDrive services as of May 2016. All contents 2023 MSSP Alert and After Nines Inc. Barracuda plans to buy Skout Cybersecurity to provide MSPs with the technology and manpower needed to respond more effectively to cyberthreats. KKR feels that the management team has done a phenomenal job. More recently, key Barracuda moves include buying Skout Cybersecurity for MSP-focused security operations center capabilities. Privacy Policy |Website Terms & Conditions. The transaction is anticipated to close by the end of the year, subject to customary conditions. Learn how to protect your organization from all 13 types of email attacks. We want to do it in a way that will be of advantage to all.. The cybersecurity vendor said its proposed purchase . KKR sponsors investment funds that invest in private equity, credit and real assets and has strategic partners that manage hedge funds. Past performance is not necessarily indicative of future results. 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. 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. At Barracuda, we make the world a safer place. We believe every business deserves access to cloud-first, enterprise-grade security solutions that are easy to buy, deploy, and use. The deal, the terms of which were not disclosed,. 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. 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. Multiple KKR, Barracuda and Thoma Bravo sources offered prepared statements on the deal. 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 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. Financial terms were not disclosed. Thoma Bravo UK LLP is an Appointed Representative of Sapia Partners LLP which is regulated and authorised by the Financial Conduct Authority (FCA). 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 A global crypto scam involving Binance and Huobi exchanges is targeting victims in Colombia, Venezuela, Mexico and Argentina. The Managed Workplace acquisition is part of a larger MSP-centric partner strategy that extends all the from Barracuda CEO BJ Jenkins' office to the company's boardroom, ChannelE2E believes. e-mail. Barracuda anticipates that subsequent events and developments will cause its views to change. The investment in Barracuda builds upon KKRs experience investing in the cybersecurity sector globally, with investments including Ping, Cylance, DarkTrace, ForgeRock, NetSPI and Optiv, among others. We protect email, networks, data and applications with innovative solutions that grow and adapt with our customers' journey. I expect that our employees, customers, and partners will benefit from this partnership. 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. Accept the License Agreement, and click Next. Get security and networking solutions that are deployed natively in Microsoft Azure. 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. That includes education, government, financial services, health care, retail, consumer goods and manufacturing. 2003 - 2022 Barracuda Networks, Inc. All rights reserved. 408-813-7762 Email: Investor-Relations@kkr.com. The acquisition expands our MSP security offerings with a powerful XDR platform backed by a 24x7 SOC," said Brian Babineau, Senior Vice President and General Manager, Barracuda MSP. The proposed transaction is expected to close before Barracuda's fiscal year end of Feb. 28, 2018, and is subject to approval by Barracuda's shareholders and regulatory authorities, and the satisfaction of other customary closing conditions. Barracuda focuses on serving SMEs and has more than 200,000 customers worldwide across a variety of industries. That deal surfaced in July 2021. The investment in Barracuda builds upon KKRs experience investing in the cybersecurity sector globally, with investments including Ping, Cylance, DarkTrace, ForgeRock, NetSPI and Optiv, among others. References to KKRs investments may include the activities of its sponsored funds and insurance subsidiaries. This strategy is based on the belief that employee engagement is a key driver in building stronger companies. The forward-looking statements are based on KKRs beliefs, assumptions and expectations of its future performance, taking into account all information currently available to it. 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. "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. On 11February . August 16, 2022. Thoma Bravo invests with a particular focus on application and infrastructure software and technology enabled services. 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.. Guggenheim Securities, DBO Partners and Barclays are serving as financial advisors to KKR. Broadway Technology, a provider of foreign exchange (forex) and fixed income solutions, announced this Tuesday that it has acquired 100 percent of Barracuda FX, which offers FX order management technology. 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. Get started in minutes. KKR is a leading global investment firm that offers alternative asset management as well as capital markets and insurance solutions. When typing in this field, a list of search results will appear and be automatically updated as you type. For more information, visit www.thomabravo.com. jelam@barracuda.com, For KKR: Julia Kosygina Barracuda Networks, a trusted partner and leading provider of cloud-enabled security solutions, 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 service. Thoma Bravo invests with a particular focus on application and infrastructure software and technology enabled services. This is technology M&A deal number 372 that MSSP Alert and sister site ChannelE2E have covered so far in 2022. Barracuda anticipates that subsequent events and developments will cause its views to change. 2022 Kohlberg Kravis Roberts & Co. L.P. All Rights Reserved. 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. Check out our real-time view of global cyber threats, collected from millions of data points. Get protection that goes beyond next-generation firewalls. We want to work very closely with them, and Barracuda wants to be their preferred vendor., New Years Podcast Series: Bob Bonneau of ESET Canada, Understanding innovation as a large, well-established enterprise, New Years Podcast Series: Frank Colletti of N-able, New Years Podcast Series: Zack Dickson of Cisco Canada.