Huobi has been operating in Argentina ever since an acquisition of a local platform last year. 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. Click Next to continue. Zoom Video Communications, Inc. (NASDAQ:ZM) Q4 2023 Earnings Call mfrank@thomabravo.com Deploy simple and scalable security with no software or hardware to install. The offer represents a 52% premium to Datto's unaffected stock price of $23.37 as of March 16, 2022. Available in PDF, EPUB and Kindle. San Francisco, CA 94105 +1 (415) 263-3660. 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 management's attention from the Company's 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 Company's 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. Financial terms were not disclosed. Barracudas Board of Directors unanimously approved the agreement, and believes the transaction maximizes shareholder value. 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 is a leading global investment firm that offers alternative asset management as well as capital markets and insurance solutions. https://www.businesswire.com/news/home/20220412005856/en/. J.P. Morgan is serving as exclusive financial advisor to Thoma Bravo and Barracuda. 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. 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 . Nicky.bryan@fgh.com, Craig Larson Over the past 20 years, the firm has acquired or invested in more than 375 companies representing over $190 billion in enterprise value. That impacts who is a good fit. Hatem Naguib, CEO of Barracuda. Barracuda plans acquisition of Skout Cybersecurity 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. That deal surfaced in July 2021. Simpson Thacher & Bartlett LLP is serving as legal counsel to KKR. Acquisition from Thoma Bravo to further accelerate growth of leading cybersecurity software provider. 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. KKR is a leading global investment firm that offers alternative asset management as well as capital markets and insurance solutions. 2022 Kohlberg Kravis Roberts & Co. L.P. All Rights Reserved. View source version on businesswire.com: https://www.businesswire.com/news/home/20220412005856/en/, For Barracuda Networks:Jonelle Elam408-813-7762jelam@barracuda.com, For KKR:Julia Kosygina212-750-8300media@kkr.com, For Thoma Bravo:Megan FrankThoma Bravomfrank@thomabravo.com 212-731-4778, Nicky BryanFinsbury Glover Hering646-436-6126Nicky.bryan@fgh.com, https://www.businesswire.com/news/home/20220412005856/en/, Death toll in strike on Ukraine's Zaporizhzhia rises to 11 - officials, UPDATE 1-Bankman-Fried can have flip phone, limited internet while on bail, US proposes, China's economy, government revamp in focus as parliament set to open, The U.S. government is turning up the heat on TikTok here's the latest, Bankman-Fried can have flip phone, limited internet while on bail, US proposes. Environmental, Social and Governance (ESG), HVAC (Heating, Ventilation and Air-Conditioning), Machine Tools, Metalworking and Metallurgy, Aboriginal, First Nations & Native American, Barracuda Networks extends Barracuda Championship sponsorship through 2025, Cost of an email-borne security attack can on average exceed $1 million. 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 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. "With this acquisition, Barracuda is providing distributed businesses a new way to modernise remote access, enforce global security and access policies, and achieve seamless connectivity without . This book was released on 1997 with total page 268 pages. VVDI MB Tool Power adapter work with VVDI MB for Quick Data Acquisition The firm seeks to create value by collaborating with company management to improve business operations, invest in growth initiatives and make accretive acquisitions. This press release features multimedia. KKR to Acquire Barracuda Networks - darkreading.com KKR to Acquire Barracuda Networks - Yahoo! Barracuda completes acquisition of SKOUT Cybersecurity Get WAF protection in minutes with our application security service. 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. This fast-paced role is focused on growing our Small to Midsize Business (SMB) customer base through expansion and acquisition of net-new customers. 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. Barracuda Networks - Wikipedia Job ID: 23-831. That includes education, government, financial services, health care, retail, consumer goods and manufacturing. Book excerpt: Revive the muscular good looks and horsepower of your E-body! 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 will implement KKRs broad-based employee ownership program, which makes all employees owners in their respective businesses alongside KKR. Scan your Microsoft 365 for sensitive data and malware. 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. KKR is a leading global investment firm that offers alternative asset management as well as capital markets and insurance solutions. 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. 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. barracuda.substack.com. Get started in minutes. 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. Were here to help you protect and support your customers for life with enterprise-grade, cloud-ready security solutions. 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. jelam@barracuda.com, For KKR: We believe every business deserves access to cloud-first, enterprise-grade security solutions that are easy to buy, deploy, and use. 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 NEW YORK & SAN FRANCISCO(BUSINESS WIRE) 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. 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. Thoma Bravo to Acquire ABC Financial Services, Inc. Twitter. 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. Meanwhile, KKR has expansive experience in the cybersecurity and MSSP markets. Barracuda Networks has purchased Skout Cybersecurity, a New York-based channel-only provider of extended detection and response (XDR) services. The transaction is anticipated to close by the end of the year, subject to customary conditions. This fast-paced role is focused on growing our Small to Midsize Business (SMB) customer base through expansion and acquisition of net-new customers.
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