Barracuda Networks

Last updated
Barracuda Networks
Type Private
Industry
Founded2003;20 years ago (2003)
Founders
Headquarters
Campbell, California
,
U.S.
Key people
  • Hatem Naguib (CEO)
  • Erin Hintz (CMO)
  • Fleming Shi (CTO)
Products
Revenue US$352.65 million (2017) [1]
Owner KKR
Website barracuda.com

Barracuda Networks, Inc. is a company providing security, networking and storage products based on network appliances and cloud services. The company's security products include products for protection against email, web surfing, web hackers and instant messaging threats such as spam, spyware, trojans, and viruses. The company's networking and storage products include web filtering, load balancing, application delivery controllers, message archiving, NG firewalls, backup services and data protection. [2]

Contents

History

Barracuda Networks was founded in 2003 by Dean Drako (founding CEO), Michael Perone, and Zach Levow; the company introduced the Barracuda Spam and Virus Firewall in the same year. [3] [4] [5] In 2007 the company moved its headquarters to Campbell, California, [6] and opened an office in Ann Arbor, Michigan. [7]

In January 2006, it closed its first outside investment of $40 million from Sequoia Capital and Francisco Partners. [8]

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'. [9] 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. [10]

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. [11] Soon after opening BRBL many IP addresses got blacklisted without apparent reason and without any technical explanation. [12] [13] [14] [15]

As of October 2009, Barracuda had over 85,000 customers. [16] As of November 2011, Barracuda had more than 130,000 customers. [17] As of January 2014, Barracuda has more than 150,000 customers worldwide. [18]

In 2012, the company became a co-sponsor of the Garmin-Barracuda UCI ProTour cycling team [19] and entitlement sponsor of the 2011 Indianapolis 500 champion Bryan Herta Autosport in the IndyCar Series, with the #98 Lotus driven by Alex Tagliani, who will defend the team's championship. [20]

Barracuda Networks expanded its research and development facility in Ann Arbor to a 12,500 square foot office building on Depot Street in 2008. [21] 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. [22]

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. [23] At the time of Drako's departure, the company stated it had achieved profitability, [24] a nearly ongoing 30 annual percent growth rate since inception, 150,000 customers worldwide, nearly 1,000 employees, 10 offices, and did business in 80 countries. [25] The company created the office of the CEO as it started a CEO search. [26]

In November 2012, long-time EMC executive William "BJ" Jenkins joined the company as president and CEO. [27] Jenkins worked at EMC since 1998 and most recently served as president of EMC's Backup and Recovery Systems (BRS) Division. [28]

In November 2013, Barracuda Networks went public on the New York Stock Exchange under the ticker symbol CUDA. [29]

In March 2015, Barracuda Networks expanded its business to North Asia and was distributed by TriTech Distribution Limited in Hong Kong. [30]

In November 2015, Barracuda added new Next Generation Firewall to its firewall family. [31]

Barracuda has announced the future discontinuation of its Copy and CudaDrive services as of May 2016. [32]

In November 2017, private equity firm Thoma Bravo announced they were taking Barracuda Networks private in a $1.6 billion buyout. [33] In February 2018 Thoma Bravo announced that it has completed the acquisition. [34]

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. [35] [36]

Products

In chronological order:

[45]

Acquisitions

In September 2007, Barracuda Networks acquired NetContinuum, a company providing application controllers to secure and manage enterprise web applications. [54]

In November 2008, Barracuda Networks expanded into cloud-based backup services by acquiring BitLeap. [55]

In November 2008, Barracuda Networks acquired 3SP, allowing the company to introduce Secure Sockets Layer (SSL) Virtual Private Network (VPN) products to allow secure remote access to network file shares, internal Web sites and remote control capabilities for desktops and servers. [56]

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. [47] [57]

In September 2009, Barracuda Networks acquired controlling interest in phion AG, an Austria-based public company delivering enterprise-class firewalls. [58]

In October 2009, Barracuda Networks acquired Purewire Inc, a software as a service (SaaS) company offering cloud based web filtering and security. [59] [60]

In April 2013, Barracuda Networks acquired SignNow. [61]

In 2014, Barracuda Networks purchased C2C Systems UK. [62]

In October 2015, Barracuda Networks acquired Intronis. [63]

In November 2017, Barracuda purchased Sonian [64]

In November 2017, Barracuda announced that it was being acquired by private equity investment firm Thoma Bravo, LLC. [65]

In January 2018, Barracuda acquired PhishLine. [66]

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. [67]

IP reputation and Emailreg.org

On April 13, 2009, Emailreg.org published a notice clarifying that it is a whitelist of domains that had no impact on Barracuda Blog Lists. [68] 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. [69] Emailreg.org discontinued services shortly thereafter and is no longer in operation. [70] As of May 2, 2020, the same warning appears for some IP addresses. [71] [72]

See also

Related Research Articles

<span class="mw-page-title-main">McAfee</span> American global computer security software company

McAfee Corp., formerly known as McAfee Associates, Inc. from 1987 to 1997 and 2004 to 2014, Network Associates Inc. from 1997 to 2004, and Intel Security Group from 2014 to 2017, is an American global computer security software company headquartered in San Jose, California.

<span class="mw-page-title-main">Trend Micro</span> Japanese multinational cyber security company

Trend Micro Inc. is a Japanese cyber security software company. The company has globally dispersed R&D in 16 locations across every continent excluding Antarctica. The company develops enterprise security software for servers, containers, & cloud computing environments, networks, and end points. Its cloud and virtualization security products provide automated security for customers of VMware, Amazon AWS, Microsoft Azure, and Google Cloud Platform.

SonicWall is an American cybersecurity company that sells a range of Internet appliances primarily directed at content control and network security. These include devices providing services for network firewalls, unified threat management (UTM), virtual private networks (VPNs), virtual firewalls, SD-WAN, cloud security and anti-spam for email. The company also markets information subscription services related to its products. The company also assists in solving problems surrounding compliance with the Health Insurance Portability and Accountability Act (HIPAA) and the Payment Card Industry Data Security Standard (PCI-DSS).

Sophos Group plc is a British-based security software and hardware company. It was listed on the London Stock Exchange until it was acquired by Thoma Bravo in February 2020.

Fortinet is a cybersecurity company with headquarters in Sunnyvale, California. The company develops and sells security solutions like firewalls, endpoint security and intrusion detection systems. Fortinet has offices located all over the world.

<span class="mw-page-title-main">Check Point</span> Israeli security company

Check Point is an American-Israeli multinational provider of software and combined hardware and software products for IT security, including network security, endpoint security, cloud security, mobile security, data security and security management.

Intego is a Mac and Windows security software company founded in 1997 by Jean-Paul Florencio and Laurent Marteau.

Vyatta is a software-based virtual router, virtual firewall and VPN product for Internet Protocol networks. A free download of Vyatta has been available since March 2006. The system is a specialized Debian-based Linux distribution with networking applications such as Quagga, OpenVPN, and many others. A standardized management console, similar to Juniper JUNOS or Cisco IOS, in addition to a web-based GUI and traditional Linux system commands, provides configuration of the system and applications. In recent versions of Vyatta, web-based management interface is supplied only in the subscription edition. However, all functionality is available through KVM, serial console or SSH/telnet protocols. The software runs on standard x86-64 servers.

Webroot Inc. is an American privately-held cybersecurity software company that provides Internet security for consumers and businesses. The company was founded in Boulder, Colorado, US, and is now headquartered in Broomfield, Colorado, and has US operations in San Mateo and San Diego, and globally in Australia, Austria, Ireland, Japan and the United Kingdom.

Postini, Inc. was an e-mail, Web security, and archiving service owned by Google since 2007. It provided cloud computing services for filtering e-mail spam and malware, offered optional e-mail archiving, and protected client networks from web-borne malware.

Riverbed Technology LLC is an American information technology company. Its products consist of software and hardware focused on Unified Observability, Network Visibility, End User Experience Management, network performance monitoring, application performance management, and wide area networks (WANs), including SD-WAN and WAN optimization.

<span class="mw-page-title-main">Proofpoint, Inc.</span> American cybersecurity company

Proofpoint, Inc. is an American enterprise cybersecurity company based in Sunnyvale, California that provides software as a service and products for email security, identity threat defense, data loss prevention, electronic discovery, and email archiving.

Red Condor, Inc. is a privately held company that offers anti-spam appliances and a hosted service that block e-mail spam, spyware, and viruses. The company also offers a message archiving service that provides back-up of inbound and outbound email messages.

<span class="mw-page-title-main">Blue Coat Systems</span> American cybersecurity and network management company

Blue Coat Systems, Inc., was a company that provided hardware, software, and services designed for cybersecurity and network management. In 2016, it was acquired by and folded into Symantec. In 2019 was, as part of Symantec Enterprise division, sold to Broadcom.

Imperva is a cyber security software and services company which provides protection to enterprise data and application software. The company is headquartered in San Mateo, California.

<span class="mw-page-title-main">Dean Drako</span> American businessman and entrepreneur

Dean Drako is an American businessman and entrepreneur who has started more than five companies. Drako was founder, president and CEO of Barracuda Networks from 2003 to July 2012. Drako is currently President and CEO of Eagle Eye Networks, IC Manage and Drako Motors. He is also chairman of Brivo.

<span class="mw-page-title-main">Dell Software</span> Former software division of Dell, Inc.

Dell Software was a former division of Dell with headquarters in Round Rock, Texas, United States. Dell Software was created by merging various acquisitions by Dell Inc., the third-largest maker of PCs and now a privately held company, to build out its software offerings for data center and cloud management, information management, mobile workforce management, security and data protection for organizations of all sizes.

<span class="mw-page-title-main">Eagle Eye Networks</span> American cloud-based video surveillance firm

Eagle Eye Networks, Inc. (EEN) is an American company providing cloud-based video surveillance products for physical security and business operations applications.

<span class="mw-page-title-main">Endian Firewall</span> Linux distribution

Endian Firewall is an open-source router, firewall and gateway security Linux distribution developed by the South Tyrolean company Endian. The product is available as either free software, commercial software with guaranteed support services, or as a hardware appliance.

Unified threat management (UTM) is an approach to information security where a single hardware or software installation provides multiple security functions. This contrasts with the traditional method of having point solutions for each security function. UTM simplifies information-security management by providing a single management and reporting point for the security administrator rather than managing multiple products from different vendors. UTM appliances have been gaining popularity since 2009, partly because the all-in-one approach simplifies installation, configuration and maintenance. Such a setup saves time, money and people when compared to the management of multiple security systems. Instead of having several single-function appliances, all needing individual familiarity, attention and support, network administrators can centrally administer their security defenses from one computer. Some of the prominent UTM brands are Cisco, Fortinet, Sophos, Netgear, Huawei, Wi-Jungle, SonicWall and Check Point. UTMs are now typically called next-generation firewalls.

References

  1. ↑ https://craft.co/barracuda-networks/revenue
  2. ↑ Company Product Page Archived 2012-08-16 at the Wayback Machine Barracuda Networks. Retrieved<tcxspan tcxhref="20100210" title="Call 2010-02-10. via 3CX"> 2010-02-10.</tcxspan>
  3. ↑ Channel Web CEO and founder Dean Drako departs Barracuda
  4. ↑ Ernst & Young Northern California's Ernst & Young Entrepreneur Of The Year(R) Award Winners Announced
  5. ↑ VentureBeat Barracuda swallows Purewire as it becomes a bigger fish in web-based security services
  6. ↑ Weselby, Cathy (March 23, 2007). "Barracuda Networks sinks its teeth into site on Winchester Boulevard". The Campbell Reporter. Archived from the original on December 13, 2007.
  7. ↑ Crain's Detroit Business Silicon Valley firm picks Ann Arbor for office
  8. ↑ NetworkWorld Barracuda attracts $40 million in venture investment Archived June 13, 2011, at the Wayback Machine
  9. ↑ Ars Technica Barracuda defends open-source antivirus from patent attack
  10. ↑ Ars Technica Barracuda bites back at Trend Micro in ClamAV patent lawsuit
  11. ↑ Linux.com Barracuda offers a new alternative to Spamhaus
  12. ↑ "Problems with Barracuda blacklist". Andrew.triumf.ca. 2007-10-22. Retrieved 2013-07-11.
  13. ↑ "Everything Linux and Open Source". Linux.com. 2008-12-17. Retrieved 2013-07-11.
  14. ↑ "BarracudaCentral – another blacklist black hole". Steve.heyvan.com. 2008-11-06. Retrieved 2013-07-11.
  15. ↑ "BarracudaCentral - Spiceworks". Community.spiceworks.com. 2009-02-12. Retrieved 2013-07-11.
  16. ↑ San Jose Business Journal Barracuda Networks buys Purewire
  17. ↑ eChannel News Barracuda Expands to Over 130,000 Customers Worldwide Archived 2012-04-23 at the Wayback Machine
  18. ↑ "News Room - Barracuda Networks". www.barracuda.com.
  19. ↑ "Garmin-Cervélo becomes Garmin-Barracuda". January 11, 2012.
  20. ↑ "Bryan Herta Autosport Names Barracuda Networks as Primary Sponsor". January 13, 2012. Archived from the original on January 22, 2012. Retrieved February 21, 2012.
  21. ↑ Martin, Mike (October 1, 2008). "Barracuda Networks moves into 201 Depot Street in Ann Arbor". Concentrate Media. Retrieved July 22, 2013.
  22. ↑ Alfs, Lizzy. "Barracuda Networks signs deal to move hundreds of jobs to ex-Borders offices in downtown Ann Arbor". AnnArbor.com. Archived from the original on 10 November 2013. Retrieved 29 June 2012.
  23. ↑ AnnArbor Barracuda Networks CEO resigns to pursue other avenues
  24. ↑ ChannelNomics Barracuda Networks CEO resigns Archived 2012-07-18 at the Wayback Machine
  25. ↑ CRN Barracuda Networks CEO resigns
  26. ↑ Channel Register Exit the Dragon: Barracuda Network CEO stands down
  27. ↑ "Longtime EMC Exec Leaves to Head Barracuda Networks". 17 October 2012.
  28. ↑ Mellor, Chris. "EMC sidelines Data Domain boss". www.theregister.com. Retrieved 2023-09-16.
  29. ↑ SJ Mercury News Biz Break: Barracuda Networks IPO primes pump for Twitter
  30. ↑ "Barracuda Distributor In HK | Barracuda HK". www.ttdist.com. Archived from the original on 2015-12-08. Retrieved 2015-11-27.
  31. ↑ "Barracuda Adds Powerful New Solutions to Next-Generation Firewall Product Family". Yahoo Finance. Retrieved 2015-11-27.
  32. 1 2 Inc, Barracuda Networks. Barracuda Campus https://campus.barracuda.com/fourohfour/.{{cite web}}: |last= has generic name (help); Missing or empty |title= (help)
  33. ↑ Sawers, Paul (2017-11-22). "Cybersecurity company Barracuda to go private as part of $1.6 billion acquisition". venturebeat.com. Retrieved 2017-12-11.
  34. ↑ "Thoma Bravo Completes Acquisition of Barracuda". Bloomberg.com. Bloomberg. 2018-02-12.
  35. ↑ Oguh, Chibuike; Hu, Krystal (April 12, 2022). "KKR to buy cybersecurity firm Barracuda from Thoma Bravo in deal worth about $4 bln". Reuters .
  36. ↑ Dorbian, Iris (August 16, 2022). "KKR completes acquisition of cybersecurity firm Barracuda". PE Hub.
  37. ↑ ComputerWorld Barracuda Networks launches antispam appliance line
  38. ↑ eChannelline Barracuda launches Spam Firewall for large enterprises Archived 2011-07-10 at the Wayback Machine
  39. ↑ InformationWeek Barracuda Rolls Out Spyware-Blocking Appliance Archived 2012-09-12 at archive.today
  40. ↑ IT & Security Portal Barracuda Networks Launches Barracuda Load Balancer
  41. ↑ ISP Planet Barracuda's Message Archiver Archived December 2, 2008, at the Wayback Machine
  42. ↑ Comms Express New SSL VPN Announced Archived 2009-01-09 at the Wayback Machine
  43. ↑ eChannelline Barracuda puts bite on SMB Web application controller Archived 2011-07-10 at the Wayback Machine
  44. ↑ ISP Planet Barracuda Networks' Link Balancer Archived March 23, 2009, at the Wayback Machine
  45. ↑ Link Balancer
  46. ↑ Information Week Barracuda Swims Into The Cloud
  47. 1 2 PCWorld Backup Merger Unites Barracuda, Yosemite Archived 2010-09-11 at the Wayback Machine
  48. ↑ Channel Insider Barracuda Acquires Cloud Security Vendor Purewire
  49. ↑ InfoSecurity Barracuda moves into distributed firewall technology
  50. ↑ Barracuda Networks Launches CudaTel – New VoIP PBX Based on the Open Source FreeSWITCH Project Archived 2010-12-20 at the Wayback Machine
  51. ↑ "Copy, Cloud Storage and Sharing Platform by Barracuda Networks". News release. March 1, 2013. Archived from the original on June 15, 2013. Retrieved January 24, 2014.
  52. ↑ "Barracuda Networks Launches Ultimate File Sharing, Sync and Storage Service Based on Secure Global Barracuda Cloud". PRWeb. February 20, 2013. Retrieved January 24, 2014.
  53. ↑ "Barracuda Uses AI to Defend Against Spear Phishing and Cyber Fraud". TechSpective. 2017-06-28. Retrieved 2017-06-28.
  54. ↑ SCMagazine Barracuda Networks buys NetContinuum Archived 2008-11-20 at the Wayback Machine
  55. ↑ InformationWeek Barracuda Swims Into The Cloud
  56. ↑ Eweek Barracuda Networks Breaks into SSL VPN Space
  57. ↑ "Barracuda Networks Acquires Yosemite Technologies; Integrates Popular Yosemite Backup Software with Barracuda Backup Service | Reuters". Reuters . Archived from the original on 2015-09-24. Retrieved 2017-06-30.
  58. ↑ Silicon Valley Business Journal Barracuda Networks takes controlling interest in phion
  59. ↑ Atlanta Business Chronicle Barracuda buys Purewire Inc.
  60. ↑ "Barracuda Web Security Flex Provides Web Security with No Limits | Reuters". Reuters . Archived from the original on 2015-09-24. Retrieved 2017-06-30.
  61. ↑ Homer, Daniel (10 January 2015). "Webinars". Telecoms.com.
  62. ↑ Nusca, Andrew (2013-05-22). "Barracuda acquires SignNow; cloud data storage | ZDNet". ZDNet. Retrieved 2017-12-28.
  63. ↑ Newsham, Jack (2015-09-29). "Chelmsford storage firm Intronis acquired by Barracuda Networks for $65M". The Boston Globe. Archived from the original on 2017-12-29. Retrieved 2017-12-28.
  64. ↑ Novinson, Michael (2017-11-08). "Big Data Buy: Barracuda Purchases Cloud Information Archiving And Analytics Specialist Sonian". CRN. Retrieved 2018-01-02.
  65. ↑ "Thoma Bravo to Take Barracuda Private in $1.6 Billion Buy". www.channelpartnersonline.com. 27 November 2017. Retrieved 2018-01-02.
  66. ↑ "Barracuda Hooks PhishLine in Social Engineering Security Acquisition". Dark Reading. Retrieved 2018-01-03.
  67. ↑ Dan Goodin (January 24, 2013). "Secret backdoors found in firewall, VPN gear from Barracuda Networks". Ars Technica. Retrieved July 22, 2013.
  68. ↑ "EmailReg.org". April 13, 2009. Archived from the original on 2017-06-06. Retrieved 2020-05-07.
  69. ↑ "EmailReg.org". 2018-09-01. Archived from the original on 2018-09-01. Retrieved 2020-05-07.
  70. ↑ "Emailreg.org -This site can't be reached". Emailreg.org. Archived from the original on 2018-02-24.
  71. ↑ aaron (April 10, 2010). "Emailreg.org is a scam". Joystick Junkie. Retrieved May 2, 2020.
  72. ↑ "BRBL: Sorry, your email was blocked". May 2, 2020. Retrieved May 2, 2020.
This page is based on this Wikipedia article
Text is available under the CC BY-SA 4.0 license; additional terms may apply.
Images, videos and audio are available under their respective licenses.