Keep up with the latest cybersecurity threats, newly discovered vulnerabilities, data breach information, and emerging trends. Delivered daily or weekly right to your email inbox.
Sponsored By
Thoma Bravo to Acquire Barracuda Networks for $1.6 billionThoma Bravo to Acquire Barracuda Networks for $1.6 billion
The cloud email security and management company accepts buyout offer as a means to accelerate its growth.
Dark Reading Staff
November 27, 2017
1 Min Read
Barracuda Networks accepted a $1.6 billion all-cash buyout offer from private equity firm Thoma Bravo, the company announced Monday.
"We believe the proposed transaction offers an opportunity for us to accelerate our growth with our industry-leading security platform that's purpose-built for highly distributed, diverse cloud and hybrid environments," BJ Jenkins, Barracuda CEO, said in a statement, noting that Thoma Bravo has a history of investing in growing security companies.
Barracuda will continue to focus on email security and management, network and application security, as well as data protection in the cloud and under hybrid on-premise and hosted environments.
The deal is expected to close by Feb. 28, according to Barracuda.
Read more about the Barracuda deal here.
About the Author(s)
You May Also Like
More Insights
Webinars
How to Combat the Latest Cloud Security Threats
Nov 06, 2023Reducing Cyber Risk in Enterprise Email Systems: It's Not Just Spam and Phishing
Nov 01, 2023SecOps & DevSecOps in the Cloud
Nov 06, 2023What's In Your Cloud?
Nov 30, 2023Everything You Need to Know About DNS Attacks
Nov 30, 2023
