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. The company's extensive customer list has included Coca-Cola, FedEx, IBM, and Toshiba. Barracuda was founded in 2002 by president and CEO Dean Drako. Outside investors include Francisco Partners and Sequoia Capital.
The $40 million investment by Francisco and Sequoia enabled Barracuda to target other companies for acquisition. In 2009 Barracuda purchased data backup software developer Yosemite Technologies. It integrated Yosemite's technology into its Barracuda Backup Service offering. That year the company also bought a controlling stake in phion, an enterprise firewall provider based in Austria, and Purewire, an Atlanta-based provider of secure Web gateways. phion changed its name to Barracuda Networks AG in 2010.
Barracuda acquired data backup and disaster recovery specialist BitLeap in 2008. The acquired company's offering was renamed Barracuda Backup. Barracuda made two unsolicited bids to acquire network security software developer Sourcefire in 2008. Both offers were rejected by Sourcefire.
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 from leading network security software vendors RSA and CA. – less