Good morning, Hubsters. MK Flynn here with the Wire. Tech Tuesday. Technology is dominating the news morning, and my inbox is overflowing with private equity deal announcements in the sector. Today, KKR said it has closed its purchase of Barracuda Networks, a cloud-based cybersecurity provider for small and medium sized enterprises, from Thoma Bravo. The deal reportedly values Barracuda at about $4 billion. “We continue to see cybersecurity as a highly attractive sector and are excited to back a clear leader in the space,” said John Park, head of Americas technology private equity at KKR, when the New York PE firm announced the deal back in April. “Given its proven track record of growth and innovation, we believe that Barracuda has the right team and model to capture business in this growing market.” As for Thoma Bravo, the firm also announced a deal closing today. It completed the purchase of Mercell Holding, a provider of e-tendering and procurement systems headquartered in Oslo, Norway. For more on that deal, see PE Hub Europe. Here are some more tech deals that hit my inbox this morning: Crestview Partners has made a significant investment in Digicomm International, a value-added broadband distributor and reseller founded in 1993 by Rob Donziger. BV Investment Partners-backed EMS Management & Consultants, a provider of revenue cycle management software, has acquired Vairkko, a developer of workforce and operations management software. Enlightenment Capital-backed System High has acquired ManageYOURiD, a software provider of identity management, risk mitigation, and personal privacy services. Eir Partners has completed growth recapitalization of ClaimLogiq, a developer of software that enables health plans to optimize payment integrity programs. For ongoing coverage of deal announcements, see the News in Brief section of PE Hub. And if you’ve got news to share, please send deal announcements to Iris Dorbian at idorbian@buyoutsinsider.com and to me at mk.flynn@peimedia.com That’ll do it for me today. I’ll be back with more tomorrow. Happy dealmaking, MK Read the full wire commentary on PE Hub ... |