Security News > 2022 > April > Investment firm KKR buys Barracuda Networks

Investment firm KKR has acquired Barracuda Networks from private equity firm Thoma Bravo.

Barracuda makes security products that cover email protection, application security, network security and data.

Barracuda changed hands in 2017 when Thoma Bravo took it private in a $1.6 billion deal.

Analyst firm Gartner recently predicted security spend will grow by ten per cent each year until 2025, so Barracuda certainly has room to grow.

Thoma Bravo execs patted themselves on the back for helping Barracuda to grow.

KKR's managing director Bradley Brown said the firm sees "a tremendous opportunity for long-term growth" and looks forward to "Helping Barracuda scale and deliver next generation products that meet this growing need."

News URL

https://go.theregister.com/feed/www.theregister.com/2022/04/13/kkr_buys_barracuda/