NEW YORK & SAN FRANCISCO(BUSINESS WIRE) Finsbury Glover Hering This is technology M&A deal number 372 that MSSP Alert and sister site ChannelE2E have covered so far in 2022. For Barracuda Networks: Jonelle Elam 408-813-7762 jelam@barracuda.com For KKR: Julia Kosygina 212-750-8300 media@kkr.com For Thoma Bravo : Thoma Bravo Communications Megan Frank (212)-731-4778 mfrank@thomabravo.com Financial terms were not disclosed, but Reuters reported the value to be nearly $4 billion, citing sources familiar with the deal. Barracuda Sentinel will identify phishing attacks, targeted impersonation attempts and advanced threats that are plaguing your account. 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. References to KKRs investments may include the activities of its sponsored funds and insurance subsidiaries. Financial terms of the transaction were not disclosed. 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. Investment firm KKR has agreed to purchase Barracuda Networks from private equity company Thoma Bravo in an undisclosed deal. Since 2011, KKR has awarded billions of dollars of total equity value to over 45,000 non-management employees across more than 25 companies. In addition, KKRs business strategy is focused on the long-term and financial results are subject to significant volatility. April 18, 2022. NEW YORK & SAN FRANCISCOKKR, a leading global investment firm, today announced the signing of a definitive agreement under which KKRs 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. 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. 212-750-8300 Over the past 20 years, the firm has acquired or invested in more than 375 companies representing over $190 billion in enterprise value. Please click on "I understand" to view the presentation. For Barracuda Networks: Jonelle Elam Global WealthTech deal activity on track to set new annual record Indian FinTech seed deal activity in Q3 2022 declines 23% from Uptick in Swiss FinTech investment during Q3 2022 signals record breaking Cryptocurrency exchanges try to reaffirm faith, Meet Hamsa, the investment app designed by women, for women, Kingstone Insurance launches Insuritys AI assistant for modern claims, Insurance soonicorn Vouch backs Capsule, Tenable set to acquire security firm Accurics for $160m, Data security firm Theom pulls in $16m seed financing. For additional information about KKR & Co. Inc. (NYSE: KKR), please visit KKRs website at www.kkr.com and on Twitter @KKR_Co. These beliefs, assumptions and expectations can change as a result of many possible events or factors, not all of which are known to KKR or are within its control. We look forward to watching Barracudas continued success.. Email: Investor-Relations@kkr.com. Kirkland & Ellis LLP served as legal counsel to Thoma Bravo and Barracuda. Visit us regularly to keep up with the most recent news of Barracuda CloudGen Firewall, CloudGen WAN, CloudGen Access, and related solutions! 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. Financial terms of the deal were not disclosed, though the deal's valuation was roughly $3.8 billion, according to Silicon Valley Business Journal. About Thoma BravoThoma Bravo is one of the largest private equity firms in the world, with more than $103 billion in assets under management as of December 31, 2021. Barracuda's award-winning technical support is available 24x7 worldwide. KKR agrees Barracuda deal. 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. We are very appreciative of Thoma Bravos support and very excited to be working with KKR on this next phase of Barracudas journey.. 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. media@kkr.com, For Thoma Bravo: The company's preferred prey is small to medium businesses, and it has more than 200,000 of them on the hook. At Barracuda we strive to make the world a safer place. Join us for webinars, demos and virtual events! Simpson Thacher & Bartlett LLP is serving as legal counsel to KKR. In a bid to tackle the gender investment gap, Hamsa App has positioned itself as a no-nonsense investment tool to bring financial freedom and confidence to women globally. for any device with CloudGenAccess. Guggenheim Securities, DBO Partners and Barclays served as financial advisors to KKR. NEW YORK & SAN FRANCISCO-- ( BUSINESS WIRE )--KKR, a leading global investment firm, and Barracuda Networks, Inc. ("Barracuda" or the "Company") a leading provider of cloud-first security. Megan Frank 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. 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 KKRs 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. KKR has acquired Barracuda Networks from private equity firm Thoma Bravo. 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., 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. Barracuda will implement KKR's broad-based employee ownership program, which makes all employees owners in their respective businesses alongside KKR. Spam, Malware, and Advanced Threat Protection, Email Encryption and Data Loss Prevention, Current threat landscape based on millions of data points, Ransomware protection can be as easy as 1-2-3, Security Awareness Training (formerly Phishline), Impersonation Protection (formerly Sentinel). Get started in minutes. Fintech Global Copyright 2021. Their offerings include email protection, network security, application security, and data protection. View the full release here: https://www.businesswire.com/news/home/20220412005856/en/. For more information, visit www.thomabravo.com. Written by Charlie Osborne, Contributing Writer on April 13, 2022 Barracuda Networks has been acquired by KKR, an investment outfit taking the company over from past owner Thoma Bravo.. 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. Thoma Bravo J.P. Morgan is serving as exclusive financial advisor to Thoma Bravo and Barracuda. Contact us now. During Thoma Bravos ownership, Barracuda expanded and enhanced its product suite, implemented best-in-class operational processes and successfully executed a number of strategic acquisitions, which together propelled the Company to profitable and accelerating growth at over $500mm of revenue and enabled more customers to comprehensively protect their employees, applications, networks and data. Capsule, a specialist insurance provider to high-growth companies in the UK, has partnered with insurance platform Vouch. More than 200,000 customers worldwide count on Barracuda to protect their email, networks, applications, and data. Real-time spam/virus protection from the industry leader. NEW YORK & SAN FRANCISCO KKR, a leading global investment firm, and Barracuda Networks, Inc. ("Barracuda" or the "Company") a leading provider of cloud-first security solutions, today announced that KKR's investment funds have completed an acquisition of Barracuda from Thoma Bravo, a leading software investment firm.Financial terms of the transaction were not disclosed. Barracuda's Zero Trust Access model establishes unparalleled access control across users and devices from remote to hybrid, and from company-owned to employee- and contractor-owned. New York & San Francisco - August 16, 2022 - KKR, a leading global investment firm, and Barracuda Networks, Inc. ("Barracuda" or the "Company") a leading provider of cloud-first security solutions, today announced that KKR's investment funds have completed an acquisition of Barracuda from Thoma Bravo, a leading software investment firm. Were grateful to Thoma Bravo for their valuable strategic and operational support over the last four years.. Thoma Bravo is one of the largest private equity firms in the world, with more than $103 billion in assets under management as of December 31, 2021. Barracuda Networks is the worldwide leader in Security, Application Delivery and Data Protection 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 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. Your time is valuable, which is why we will always connect you with a live person. Established in 2003, Barracuda specialises mostly in the areas of email, web and network security solutions. For additional information about KKR & Co. Inc. (NYSE: KKR), please visit KKRs website at www.kkr.com and on Twitter @KKR_Co. Over the past 20 years, the firm has acquired or invested in more than 375 companies representing over $190 billion in enterprise value. Protect your physical locations with cloud-connected appliances and software that can be deployed on premises or in the cloud. 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 "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. 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. Barracuda 2018Thoma Bravo16 Thoma BravoKKR2022 KKRBarracuda Networksextended detection and responseEDRsecure access service . https://www.businesswire.com/news/home/20220412005856/en/. All rights reserved. 2022 Kohlberg Kravis Roberts & Co. L.P. All Rights Reserved. Outside US: +1 (212) 230-9410 All requests are answered by a live person with no phone trees. KKR, an investment firm, signed a definitive agreement under which its investment funds will purchase Barracuda Networks Inc., a provider of cloud-first security solutions, from Thoma Bravo, a software investment firm. 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. 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