Though above Barracuda's 52-week high, the price is down from the over $40 per share where the stock was trading in 2015. Now we are out of that transformation and into a growth phase. Additional information about factors affecting KKR, including a description of risks that may be important to a decision to purchase or sell any common or preferred stock of KKR & Co. Inc., can be found in KKR & Co. Inc.s Annual Report on Form 10-K, Quarterly Reports on Form 10-Q and its other filings with the SEC, which are available at www.sec.gov. More than 200,000 customers worldwide count on Barracuda to protect their email, networks, applications, and data. KKR Scooping Up Barracuda Networks from Thoma Bravo for $4 Billion Barracuda is the digital marketing agency that can help you surface real value We're a London based digital marketing agency Based out of Waterloo in London, we're an independent digital marketing agency all about delivering value to our clients. Enter a Master Password for the Barracuda Network Access Client. 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. 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 undertakes no intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. 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. View the full release here: https://www.businesswire.com/news/home/20220412005856/en/. The sale of the company by Thoma Bravo to KKR means much more than simply changing the name on the front of the cheque, however. The firm invests in growth-oriented, innovative companies operating in the software and technology sectors. 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. Brazil, Peru and Chile were less targeted. Finsbury Glover Hering Stop bots from scraping confidential data, skewing web analytics, and impairing website performance. 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., 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 transaction is anticipated to close by the end of the year, subject to customary conditions. We want to do it in a way that will be of advantage to all.. Over the past 20 years, the firm has acquired or invested in more than 375 companies representing over $190 billion in enterprise value. We believe every business deserves access to cloud-enabled, enterprise-grade security solutions that are easy to buy, deploy, and use. 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. In todays deal announcement, neither KKR nor Barracuda mentioned Barracudas long-established MSP partner strategy. Barracuda focuses on serving SMEs and has more than 200,000 customers worldwide across a variety of industries. 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. Zoom Video Communications, Inc. (NASDAQ:ZM) Q4 2023 Earnings Call Transcript February 27, 2023 Kelcey McKinley: Well. ", "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. Stop zero-hour and advanced attacks that evade traditional detection techniques. Thoma Bravo to Acquire ABC Financial Services, Inc. Barracuda generates more than $500 million in annual revenue, the buyer indicated. Article | Barracuda Networks 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. 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. References to KKRs investments may include the activities of its sponsored funds and insurance subsidiaries. We are in a very dynamic business. Come Join Our Passionate Team! "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. The companies didn't disclose terms of the deal, but sources familiar with it said that KKR would be paying nearly $4 . BARRACUDA ACQUISITIONCO, INC. in Wilmington, DE | Company Info - Bizapedia Mar 2021 - Present2 years 1 month. Barracuda's customer-centric business model focuses on delivering high-value, subscription-based IT solutions that provide end-to-end network and data protection. 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. 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. "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 Offers Backup, Services With BitLeap Acquisition 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. Thoma Bravo invests with a particular focus on application and infrastructure software and technology enabled services. Thoma Bravo (eBook/PDF) Challenger And Barracuda Restoration Guide 1967 74 Online . Barracuda's Board of Directors unanimously approved the agreement, and believes the transaction maximizes shareholder value. August 16, 2022. in an all-cash transaction valued at$1.6 billion. SKOUT provides Cyber as a Service software for Managed Service Providers (MSPs), as well as an extended detection and response (XDR) platform and service. We protect email, networks, data and applications with innovative solutions that grow and adapt with our customers' journey. "We look forward to watching Barracudas continued success.". 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. 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. We believe every business deserves access to cloud-first, enterprise-grade security solutions that are easy to buy, deploy, and use. This helpful guide contains hundreds of detailed . That transformation was very successful for us. 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.. The firm invests in growth-oriented, innovative companies operating in the software and technology sectors. That impacts who is a good fit. 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,. We believe the proposed transaction offers an opportunity for us to accelerate our growth with our industry-leading security platform thats purpose-built for highly distributed, diverse cloud and hybrid environments. The transaction is anticipated to close by the end of the year, subject to customary conditions. Financial terms were not disclosed. The Barracuda acquisition is expected to close by the end of 2022, KKR indicated. If configured, it is required to shut down the NAC Client and make certain configuration changes. in an all-cash transaction valued at $1.6 billion. Save my name, email, and website in this browser for the next time I comment. Il regroupe sous un mme toit tous les services de dentisterie afin de vous accompagner, votre famille et vous, tout au long de votre vie. 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 currently manages a series of private equity and debt funds representing more than$17.0 billionof capital commitments. The firm seeks to create value by collaborating with company management to improve business operations, invest in growth initiatives and make accretive acquisitions. - 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.
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