On November 27, 2017, Barracuda Networks, a leading provider of cloud-enabled security and data protection solutions, announced that it has entered into an agreement to be acquired by leading private equity investment firm Thoma Bravo in an all-cash transaction valued at approximately $1.6 billion. Wilson Sonsini is representing Barracuda Networks in the transaction.

According to a press release, the proposed transaction is expected to close before Barracuda's fiscal year end of February 28, 2018, and is subject to approval by Barracuda's shareholders and regulatory authorities, and the satisfaction of other customary closing conditions. Following the closing of the transaction, Barracuda will operate as a privately held company and will continue to focus on email security and management, network and application security, and data protection solutions that can be deployed in cloud and hybrid environments.

The Wilson Sonsini team advising Barracuda Networks in the transaction includes:

Corporate:
Jeffrey Saper
Allison Spinner
Lester Ang

Intellectual Property:
Barath Chari

Employee Benefits and Compensation:
David Thomas

Tax:
Myra Sutano-Shen

Regulatory and Compliance:
Josephine Aiello LeBeau

Corporate Finance:
John Mao
David Hu

Real Estate:
James McCann
Martin Sul

Litigation:
David Berger

Employment and Trade Secrets Litigation:
Marina Tsatalis

Privacy and Data Protection:
Matt Staples

For more information, please see Barracuda Networks' press release.