Barracuda Networks

PE-Owned

Thoma Bravo acquired Barracuda Networks, an email and network security company, for $1.6B in 2017. Sold to KKR in 2022 for $4B. During Thoma Bravo ownership, the company transitioned customers from perpetual licenses to subscriptions, raising costs for many SMBs.

Founded: 2003|Acquired by Thoma Bravo (2017)$1.6B|Website →
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Ownership Information

Barracuda Networks is owned by Thoma Bravo. Private equity ownership often leads to cost-cutting, price increases, and reduced quality of service as firms prioritize returns for investors over customers and employees.Learn more about PE ownership impact →

Timeline

2003

Barracuda Networks founded

2017

Acquired by Thoma Bravo for $1.6B

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