Barracuda Networks

Barracuda Networks, Inc. is a company providing security, networking and storage products based on network appliances and cloud services.

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. 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.

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

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. At the time of Drako's departure, the company stated it had achieved profitability, 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. The company created the office of the CEO as it started a CEO search.

In November 2012, long-time EMC executive William "BJ" Jenkins joined the company as president and CEO. Jenkins worked at EMC since 1998 and most recently 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 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 has 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.

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

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

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.

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.

In October 2009, Barracuda Networks 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 November 2017, Barracuda announced that it was being acquired by private equity investment firm Thoma Bravo, LLC.

In January 2018, Barracuda acquired PhishLine.

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 a whitelist of domains that had 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.