Barracuda Networks, Inc.

  • Overview

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-ColaFedExIBM, and Toshiba. The company went public in 2013.

IPO

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.

Geographic Reach

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.

Strategy

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.

Company Background

Barracuda was founded in 2002 by President and CEO Dean Drako.

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Company News and Press Releases



Barracuda Networks, Inc.


3175 Winchester Blvd
Campbell, CA 95008-6557
Phone: 1 (408) 342-5400
www.barracudanetworks.com

STATS


  • Employer Type: Public
  • Stock Symbol: CUDA,
  • Stock Exchange: , NYSE
  • President and CEO: William Jenkins
  • President and CEO: William Jenkins
  • EVP and CTO: Zachary Levow

Major Office Locations

  • Campbell, CA

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