KKR Acquires Barracuda Networks from Thoma Bravo

April 12, 2022

KKR's investment funds have agreed to acquire Barracuda Networks from Thoma Bravo, with the transaction intended to accelerate Barracuda's growth and expand its cloud-first cybersecurity capabilities. Financial terms were not disclosed; Barracuda — a provider of email, application, network and data protection serving over 200,000 customers — will implement KKR's employee ownership program and pursue expansion in areas such as MDR, XDR and SASE.

Buyers
KKR
Targets
Barracuda Networks, Inc.
Sellers
Thoma Bravo
Industry
Cybersecurity
Location
California, United States
Transaction Type
Buyout

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