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Riverbed Technology announced a Restructuring Support Agreement with its equity sponsors and an ad hoc group of lenders holding a super-majority of its funded secured debt regarding the terms of a comprehensive financial restructuring that will reduce its funded secured debt by over $1 billion and provide a $100 million cash infusion. “We are pleased […]
Thoma Bravo, a leading private equity investment firm focused on the software and technology-enabled services sector, agreed to acquire ProofPoint for $12.3 billion in cash. Proofpoint (NASDAQ: PFPT), which is based in Sunnyvale, California, provides software as a service and products for inbound email security, outbound data loss prevention, social media, mobile devices, digital risk, […]
Riverbed has revamped its SD-WAN portfolio with the release of SteelConnect EX, an enterprise-class and carrier-grade WAN Edge Infrastructure solution with best-of-breed SD-WAN, integrated application acceleration and advanced network security services. Riverbed said its unique combination of SD-WAN and advanced network security with application acceleration will enable large organizations to confidently deploy and operate SD-WAN […]
Thoma Bravo, a leading private equity firm, will acquire all shares of Barracuda Networks (NYSE: CUDA) in an all-cash transaction valued at $1.6 billion. Barracuda shareholders will receive $27.55 in cash for each share of Barracuda common stock they hold. The price represents a premium of 22.5 percent to the company’s 10-day average stock price […]
Thoma Bravo, a leading private equity investment firm, agreed to acquire a majority interest in DigiCert from TA Associates, another private equity firm currently holding the majority share. Financial terms were not disclosed. DigiCert is a global SSL Certificate Authority (CA) and the leading provider of trusted certificate management solutions. The company provides its digital […]
