KKR to acquire Barracuda from Thoma Bravo in a $4 bln deal
By MYBRANDBOOK
KKR & Co Inc has announced plans to buy cybersecurity firm Barracuda Networks from its private equity owner Thoma Bravo. The company highlighted their continued interest in cybersecurity businesses from buyout firms. According to the sources the deal valued California-based Barracuda Networks at about $4 billion, including debt. The deal is set to close by the end of 2022. J.P. Morgan acted as financial advisor for Thoma Bravo and Barracuda, while Guggenheim Securities, DBO Partners and Barclays advised KKR.
As the pandemic accelerated the shift to remote working, deal making in cybersecurity has jumped in recent months forcing companies to ramp up spending in the sector. Russia's invasion of Ukraine has also led to a spike in cyberattacks.
Thoma Bravo agreed to buy cybersecurity firm SailPoint Technologies, while Datto, a security solutions provider, was also taken private in a $6.2 billion deal by investors led by Insight Partners.
Thoma Bravo took the company private in 2017, four years after it went public. Barracuda has since grown into a business that generates over $500 million in annual revenue, KKR said. It has also made a series of acquisitions, including buying extended detection and response service SKOUT Cybersecurity and zero-trust access provider Fyde.
Microsoft to build a new data centre to support Thailand's tec
Microsoft has revealed intentions to construct a regional data centre as w...
SAP launches cloud services to help Indian scaleups innovate m
SAP at SAP unveils now "GROW with SAP for Scaleups," a new cloud service d...
Denodo and Sonata form alliance to unlock data-to-value creati
Denodo and Sonata Information Technology India Limited (SITL) have annou...
Google Play Store will now let users download two apps simulta
Google Play Store now lets users download two apps simultaneously. While a...
NETWEB TECHNOLOGIES INDIA LTD.
DIGISOL SYSTEMS LTD.
RAMCO SYSTEMS Ltd.
RELIANCE JIO INFOCOMM LTD.
Technology Icons Of India 2023: Rajeev Chandrasekhar
Rajeev Chandrasekhar is the Union Minister of State for Electronics an...
Technology Icons Of India 2023: Sridhar Vembu
Sridhar Vembu is an Indian billionaire business magnate and the Founde...
Technology Icons Of India 2023: Ashish Kumar Chauhan
Ashish works as the CEO of the National Stock Exchange (NSE). He is al...
TCIL continues to strengthen India with its technology expertise
TCIL undertakes consultancy & turnkey projects in the field of Telecom...
EESL encouraging e-mobility adoption across India
Energy Efficiency Services Limited (EESL) is a Super Energy Service Co...
DRDO is India's largest and most diverse research organisation
DRDO is the R&D wing of Ministry of Defence, Govt of India, with a vis...
FORTUNE MARKETING PVT. LTD.
Delhi based Fortune Marketing, An ISO 9001:2008 company, distributes ...
Crayon Software Experts India Pvt Ltd
Crayon helps its customers build the commercial and technical foundati...
SAVEX TECHNOLOGIES PVT. LTD.
Savex Technologies is the 3rd largest Information & Communication Tec...