Barracuda Networks

Barracuda Networks, Inc. provides security, networking and storage products based on network appliances and cloud services.

History

Barracuda Networks was founded in 2003 by CEO Dean Drako, Michael Perone, and Zach Levow, and the company introduced the Barracuda Spam and Virus Firewall in the same year. In 2007, the company moved its headquarters to Campbell, California, and opened an office in Ann Arbor, Michigan.

In January 2006, it closed its first outside investment of $40 million from Sequoia Capital and Francisco Partners.

On January 29, 2008, Barracuda Networks was sued by Trend Micro over their use of the open source anti-virus software Clam AntiVirus, which Trend Micro claimed to be in violation of their patent on 'anti-virus detection on an SMTP or FTP gateway'. In addition to providing samples of prior art in an effort to render Trend Micro's patent invalid, in July 2008 Barracuda launched a countersuit against Trend Micro claiming Trend Micro violated several antivirus patents Barracuda Networks had acquired from IBM.

In December 2008, the company launched the BRBL (Barracuda Reputation Block List), its proprietary and dynamic list of known spam servers, for free and public use in blocking spam at the gateway. Soon after opening BRBL many IP addresses got blacklisted without apparent reason and without any technical explanation.

In 2012, the company became a co-sponsor of the Garmin-Barracuda UCI ProTour cycling team.

Barracuda Networks expanded its research and development facility in Ann Arbor to a 12,500 square foot office building on Depot Street in 2008. By 2012, the Michigan-based research division had grown to about 180 employees, again outgrowing its space. In June 2012, Barracuda signed a lease to occupy the 45,000 square foot office complex previously used as the Borders headquarters on Maynard St in downtown Ann Arbor.

In July 2012, Dean Drako, Barracuda Networks's co-founder, president and CEO since it was founded in 2003, resigned his operating position, remaining on the company's board of directors.

In November 2012, long-time EMC executive William "BJ" Jenkins joined the company as president and CEO. Jenkins worked at EMC since 1998 and previously served as president of EMC's Backup and Recovery Systems (BRS) Division.

In November 2013, Barracuda Networks went public on the New York Stock Exchange under the ticker symbol CUDA.

In November 2015, Barracuda added a new Next Generation Firewall to its firewall family.

In November 2017, private equity firm Thoma Bravo announced they were taking Barracuda Networks private in a $1.6 billion buyout. In February 2018 Thoma Bravo announced that it had completed the acquisition.

In April 2022, KKR announced the signing of an agreement to purchase Barracuda Networks from Thoma Bravo for about $4 billion, which was completed in August of that year.

In 2024, Barracude Networks launched BarracudeONE, an AI-powered unified cybersecurity platform that consolidates the company's security offerings. The suite includes email protection, data backup, threat detection, and extended detection and response, all in one interface.

Acquisitions

* In September 2007, Barracuda Networks acquired NetContinuum, which provides application controllers to secure and manage enterprise web applications.
* In November 2008, Barracuda Networks acquired BitLeap and 3SP.
* In January 2009, Barracuda Networks acquired Yosemite Technologies to add software agents for incremental backups of applications such as Microsoft Exchange Server and SQL Server, and Windows system states.
* In September 2009, Barracuda Networks acquired controlling interest in phion AG, an Austria-based public company delivering enterprise-class firewalls. A month later, in October, the company acquired Purewire Inc, a software as a service (SaaS) company offering cloud-based web filtering and security.
* In April 2013, Barracuda Networks acquired SignNow.
* In 2014, Barracuda Networks purchased C2C Systems UK.
* In October 2015, Barracuda Networks acquired Intronis.
* In November 2017, Barracuda purchased Sonian. In the same month, Barracuda announced that it was being acquired by private equity investment firm Thoma Bravo, LLC.
* In January 2018, Barracuda acquired PhishLine.
* In July 2021, Barracuda Networks acquired SKOUT Cybersecurity.
* In April 2022, KKR purchased Barracuda Networks from Thoma Bravo for a reported $4 billion.
* In 2024, the company acquired Fyde.

Controversies

Security Issue

In January 2013, a backdoor was discovered: "A variety of firewall, VPN, and spam filtering gear sold by Barracuda Networks contains undocumented backdoor accounts that allow people to remotely log in and access sensitive information, researchers with an Austrian security firm have warned." The backdoor was then secured shortly after the announcement.

IP reputation and Emailreg.org

On April 13, 2009, Emailreg.org published a notice clarifying that it is an allowlist of domains that have no impact on Barracuda Blog Lists. April 10, 2010, a blog entry appeared alleging that Barracuda Networks SPAM blocking deliberately targets non-spamming IP addresses and tries to get them to sign up for an email whitelisting service "emailreg.org". In 2019 Emailreg.org announced that it was no longer accepting new customers but would continue services for existing customers until further notice. Emailreg.org discontinued services shortly thereafter and is no longer in operation. As of May 2, 2020, the same warning appears for some IP addresses.

See also

* Comparison of file hosting services
* Comparison of file synchronization software
* Comparison of online backup services

References

External links

* {{Official, https://www.barracuda.com/

American companies established in 2003
Companies based in Campbell, California
Networking companies of the United States
Networking hardware companies
Networking software companies
Computer security software companies
Telecommunications equipment vendors
Computer security companies
Anti-spam
Content-control software
Backup software
Deep packet inspection
Companies formerly listed on the New York Stock Exchange
One-click hosting
Private equity portfolio companies
Kohlberg Kravis Roberts companies
Software companies established in 2003
2003 establishments in California
2013 initial public offerings
2018 mergers and acquisitions
2022 mergers and acquisitions
Computer companies of the United States
Computer hardware companies
Software companies of the United States
Thoma Bravo companies