Barracuda Networks hunts down network threats. The company provides firewalls that combine computer network hardware and software to protect enterprises from e-mail spam, viruses, and spyware. Other products include appliances for e-mail archiving, Web filtering, and load balancing. It serves businesses in industries such as consumer goods, financial services, manufacturing, retail, technology, and utilities. Barracuda also provides professional services, such as support, consulting, and implementation. Its extensive customer list has included Coca-Cola, FedEx, IBM, and Toshiba. The company went public in 2013.
Barracuda raised $74 million in its IPO and plans to use the proceeds for general corporate purposes, such as working capital, sales and marketing activities, and product development.
The company has four US offices and international locations in more than 15 countries across Asia and Europe, as well as in Brazil and the United Arab Emirates.
Sales and Marketing
Barracuda sells its appliances, services, and software through a direct sales force and a network of more than 5,000 resellers located in more than 100 countries. North America, however, is its largest market, accounting for about 75% of sales.
The rapid evolution of Web technologies and the digital threats designed to undermine them require Barracuda to continually revamp and update its product line. In 2010 the company launched its Email Security Service as an outsourced filtering system designed to protect users of Web-based business email hosted in cloud computing environments. It also extended its Web Application Firewall to better support business network authentication systems by incorporating password security technology.
Mergers and Acquisitions
In 2013 the company purchased SignNow, which expands Barracuda's cloud storage offerings; SignNow will be integrated into the company's storage business unit.
Barracuda was founded in 2002 by President and CEO Dean Drako.