KKR signed a definitive agreement under which KKR’s investment funds will purchase Barracuda Networks Inc. ("Barracuda" or "the Company"), a leading provider of cloud-first security solutions, from Thoma Bravo, a leading software investment firm. Financial terms were not disclosed.
I Squared Capital Closes Its Largest Global Infrastructure Fund
I Squared Capital has closed its ISQ Global Infrastructure Fund III at the $15 billion legal cap, exceeding an initial target of $12 billion. Including commitments from I Squared Capital and a dedicated co-investment vehicle, the fund has $15.5 billion in investable capital and received commitments from over 200 institutional investors, including public and private pensions, sovereign funds, insurance companies, asset managers and family offices in 27 countries. I Squared Capital has targeted the deployment of approximately 36 percent of the fund in ten investments across its targeted sectors.
A Must for Digital: Connectivity & Cybersecurity
The importance of being connected to the internet has manifested during the COVID-19 pandemic. At the same time, such interconnections make networks vulnerable as a surge of cyberattacks has been recorded.
Challenging Conditions Led to Sigfox’s Downfall
Following the IoT company’s request for rehabilitation proceeding with maintenance of activity for Sigfox and its French subsidiary early in 2022, Sigfox USA has reportedly filed for Chapter 7 bankruptcy, owing almost $150 million in unsecured debt.
Pursuing 5G Monetization Strategies
The 5G era has undergone three full years of growth, exceeding a half-billion connections by the end of 2021. This number is expected to reach 4.8 billion by the end of 2026, where 516 million would likely come from North America.