KKR, a global investment firm, has purchased Barracuda Networks, a provider of cloud-first security services, from software investment firm Thoma Bravo.
Barracuda provides a portfolio of cybersecurity services including e-mail protection, application security, network security, and data protection, that are all deployed and managed across cloud and hybrid environments. The firm delivers its services to medium-sized firms with over 200,000 clients in education, government, financial services, healthcare, retail, consumer goods, and manufacturing industries.
“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,” added Hatem Naguib, CEO of Barracuda. “We are very appreciative of Thoma Bravo’s support and very excited to be working with KKR on this next phase of Barracuda’s journey.”
J.P. Morgan is serving as exclusive financial advisor to Thoma Bravo and Barracuda. Kirkland & Ellis LLP is serving as legal counsel to Thoma Bravo and Barracuda. Simpson Thacher & Bartlett LLP is serving as legal counsel to KKR. Guggenheim Securities, DBO Partners and Barclays are serving as financial advisors to KKR.