The cloud email security and management company accepts buyout offer as a means to accelerate its growth.

Dark Reading Staff, Dark Reading

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)

Dark Reading Staff

Dark Reading

Dark Reading is a leading cybersecurity media site.

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.

You May Also Like


More Insights