BARRACUDA NETWORKS acquired by THOMA BRAVO

Thoma Bravo entered into a definitive agreement to acquire 100% of the share capital of Barracuda Networks in an all-cash transaction. This acquisition involved taking the publicly listed company private, removing its common stock from the New York Stock Exchange. The acquisition was driven by the desire to accelerate the growth of the target's security platform, which is purpose-built for highly distributed, diverse cloud, and hybrid environments. By transitioning to private ownership, the target gained the operational flexibility required to execute its long-term strategy and focus on innovation without the constraints of public quarterly reporting. The partnership leverages the sponsor's extensive history of investing in and scaling growing cybersecurity businesses, aligning the target's comprehensive security solutions with the sponsor's operational expertise to enhance its market position in an increasingly complex threat environment.