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. Notify me of followup comments via e-mail. Supported by our Lead . ", "Barracuda has built an impressive portfolio of solutions that are helping SMEs around the world protect their data and address critical security challenges," said Bradley Brown, Managing Director at KKR. Get WAF protection in minutes with our application security service. 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 SECs website (http://www.sec.gov) or at the Companys website (http://investor.Barracuda.com/) or by writing to the Companys Secretary at 3175 S. Winchester Blvd,Campbell CA95008. KKR is a leading global investment firm that offers alternative asset management as well as capital markets and insurance solutions. 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. Barracuda Networks, Barracuda, and the Barracuda Networks logo are registered trademarks of Barracuda Networks, Inc. in the US and other countries. Book excerpt: Revive the muscular good looks and horsepower of your E-body! 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 forward-looking statements are based on KKRs beliefs, assumptions and expectations of its future performance, taking into account all information currently available to it. The firm currently manages a series of private equity and debt funds representing more than$17.0 billionof capital commitments. For more information, visit www.barracuda.com. See more than 1,000 technology M&A deals listed here, buying Skout Cybersecurity for MSP-focused security operations center capabilities, Top 250 Managed Security Services Providers (MSSP) Company List, Top 40 Managed Detection and Response (MDR) Company List, MSSP M&A List: 100+ Managed Security Buyers, Sellers and Investors. NEW YORK & SAN FRANCISCO - (BUSINESS WIRE)- 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 investment firm. More information about Thoma Bravo can be found atwww.thomabravo.com. 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. Zoom Video Communications, Inc. (NASDAQ:ZM) Q4 2023 Earnings Call Transcript February 27, 2023 Kelcey McKinley: Well. "Were grateful to Thoma Bravo for their valuable strategic and operational support over the last four years.". Financial terms of the deal were not disclosed, though the deals valuation was roughly $3.8 billion, according to Silicon Valley Business Journal. Guggenheim Securities, DBO Partners and Barclays are serving as financial advisors to KKR. Acquisition from Thoma Bravo to further accelerate growth of leading cybersecurity software provider. References to KKRs investments may include the activities of its sponsored funds and insurance subsidiaries. To get growth, you have to invest.. 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. Were here to help you protect and support your customers for life with enterprise-grade, cloud-ready security solutions. The cybersecurity vendor said its proposed purchase . "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. KKR is a leading global investment firm that offers alternative asset management as well as capital markets and insurance solutions. 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 At Barracuda we strive to make the world a safer place. Barracuda Networks has purchased Skout Cybersecurity, a New York-based channel-only provider of extended detection and response (XDR) services. 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. The transaction is anticipated to close by the end of the year, subject to customary conditions. Naguib confirmed that the existing Barracuda leadership team will not be going anywhere with the ownership change. Rumors about Barracuda being up for sale have hit MSSP Alerts email inbox multiple times in recent weeks. 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. For additional information, please visit barracuda.com. "Barracuda has been a tremendous partner over the last four years and has experienced strong product, customer and revenue growth," said Chip Virnig, a Partner at Thoma Bravo. You can also subscribe without commenting. August 16, 2022. Thoma Bravo 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. 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. The company's shares hit a high of around $45 in 2015, and. Barracuda shareholders of record will receive$27.55in cash for each share of Barracuda common stock they hold. San Francisco, CA 94105 +1 (415) 263-3660. References to KKRs investments may include the activities of its sponsored funds and insurance subsidiaries. This is technology M&A deal number 372 that MSSP Alert and sister site ChannelE2Ehave covered so far in 2022. Get SaaS backup for your Microsoft 365 data with unlimited storage. At Barracuda we strive to make the world a safer place. That transformation was very successful for us. The firm has offices in Chicago, Miami and San Francisco. Barracuda intends all such forward-looking statements to be covered by the safe harbor provisions for forward-looking statements contained in Section21E of the Exchange Act and the Private Securities Litigation Reform Act of 1995. We are seeking talented, motivated sales performers who thrive in quick sales cycle environment; this fast-paced role is focused on growing our SMB customer base through the acquisition net-new . We look forward to watching Barracudas continued success.. "We are very appreciative of Thoma Bravos support and very excited to be working with KKR on this next phase of Barracudas journey. KKR feels that the management team has done a phenomenal job. Julia Kosygina At Barracuda we strive to make the world a safer place. The firm has offices in Chicago, Miami and San Francisco. 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. 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. Simpson Thacher & Bartlett LLP served as legal counsel to KKR. No credit card is required. The companies didn't disclose terms of the deal, but sources familiar with it said that KKR would be paying nearly $4 . KKRs insurance subsidiaries offer retirement, life and reinsurance products under the management of Global Atlantic Financial Group. Copyright 2013 ChannelBuzz.ca. I expect a mix of business as usual and positive change in the same way partners saw positive change when we were acquired by Thoma, he indicated Our relationship with our partners has always been critical, and that will not change. Barracuda generates more than $500 million in annual revenue, the buyer indicated. Please click on "I understand" to view the presentation. More than 220,000 global customers trust Barracuda to safeguard their employees, data, and applications from a . Weve been thrilled with the team we got with that. Managed detection and response [MDR] extended detection and response [XDR], and secure access service edge [SASE] technology will be the focus of these acquisition efforts going forward. 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. We protect email, networks, data and applications with innovative solutions that grow and adapt with our customers . KKR is a leading global investment firm that offers alternative asset management as well as capital markets and insurance solutions. 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 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. Talent Acquisition Specialist jobs 2,414 open jobs Director of Education jobs 1,408 open jobs Estate Manager jobs 1,098 open jobs . At Barracuda, we make the world a safer place. Hello, everyone, and welcome to Zoom's Q4 FY '23 Earnings Release Webinar. 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. For more information, visit www.thomabravo.com. Please read our cookie notice for more information on the cookies we use and how to delete or block them. In cybersecurity, you cannot sit on your laurels. That compares to $352.6 million back in 2017, according to historic data from Barracuda. We want to do it in a way that will be of advantage to all.. The offer represents a 52% premium to Datto's unaffected stock price of $23.37 as of March 16, 2022. Acquisition from Thoma Bravo to further accelerate growth of leading cybersecurity software provider. We protect email, networks, data, and applications with innovative solutions that grow and adapt with our customers' journey. Over the past 20 years, the firm has acquired or invested in more than 375 companies representing over $190 billion in enterprise value. 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. 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
