Founded in 2003, Barracuda is a global cyber security company providing solutions for email protection, application and cloud security, network security and data protection.
It is a cloud-first provider of cyber security solutions for small and medium sized enterprises (SMEs). According to the company, more than 200,000 customers worldwide count on Barracuda to protect their email, networks, applications, and data.
The company's security products include products for protection against email, web surfing, web hackers and instant messaging threats such as spam, spyware, trojans, and viruses.
Barracuda’s products and solutions serve a wide range of markets including education, government, financial services, healthcare, professional services, telecommunications and retail and manufacturing industries. The company has presence in Japan, Australia, Austria, Switzerland, Italy, the UAE, India, Singapore and the US. Barracuda is headquartered in Campbell, California, the US.
The next phase of growth
Barracuda Networks recently announced that KKR’s investment funds have completed an acquisition of Barracuda from Thoma Bravo, a leading software investment firm.
“We’re ready to deliver on our next phase of growth with KKR and remain dedicated to investing in our team and product portfolio to provide innovative cybersecurity solutions for our customers and partners. We‘re grateful to Thoma Bravo for their valuable strategic and operational support over the last four years,” said Hatem Naguib, CEO of Barracuda.
J.P. Morgan served as exclusive financial advisor to Thoma Bravo and Barracuda. Kirkland & Ellis LLP served as legal counsel to Thoma Bravo and Barracuda. Simpson Thacher & Bartlett LLP served as legal counsel to KKR. Guggenheim Securities, DBO Partners and Barclays served as financial advisors to KKR.
“We are excited to complete this transaction and begin working with the Barracuda team to support their continued growth and delivery of next generation cloud-first cybersecurity solutions that protect SMEs from an evolving landscape of threats,” said John Park, a Partner at KKR.