KKR Set To Buy Cybersecurity Firm Barracuda

KKR has announced it will buy cybersecurity firm Barracuda Networks from its private equity owner Thoma Bravo. The deal to acquire Barracuda will close by the end of 2022.

While KKR did not disclose the financial terms of the deal in its announcement, sources close to the deal said the acquisition will cost KKR about $4 billion.

Various investments and acquisitions are underway in the field of cybersecurity. The trend that began during the pandemic, when organizations switched to remote work, does not seem to be wavering so quickly.

KKR is a prolific investor in cybersecurity companies with $471 billion in assets under management.

Barracuda, a cybersecurity company, manages the data security of its customers over the cloud on a subscription basis. The company offers a range of services, including email protection, software, cloud security, network security, and data protection.

Barracuda was founded in 2003 however, Thoma Bravo took it private in 2017, four years after its initial public. The company now generates more than $500 million in annual revenue.

IT World Canada Staff
IT World Canada Staff
The online resource for Canadian Information Technology professionals.

Would you recommend this article?


Thanks for taking the time to let us know what you think of this article!
We'd love to hear your opinion about this or any other story you read in our publication.

Jim Love, Chief Content Officer, IT World Canada

Featured Download

ITW in your inbox

Our experienced team of journalists and bloggers bring you engaging in-depth interviews, videos and content targeted to IT professionals and line-of-business executives.

More Best of The Web