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PE firm Thoma Bravo has completed the acquisition of Barracuda Networks in a$1.6bn all-cash deal.
BJ Jenkins, CEO of Barracuda, said: "We remain focused on continuing to expand our portfolio that helps customers maximise their IT investments across distributed, diverse cloud and hybrid environments."
Seth Boro, a Managing Partner at Thoma Bravo, added: "Barracuda's built a solid product portfolio that addresses many of the most complex problems facing IT professionals today.
"We've been impressed with the leadership team and engineering expertise across a number of strategic security areas, and are confident that we can help expand and accelerate the business and create greater value for Barracuda customers and partners worldwide."
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