{"id":86296,"date":"2018-04-24T18:20:54","date_gmt":"2018-04-24T22:20:54","guid":{"rendered":"http:\/\/rbachnet.wwwmi3-ss40.a2hosted.com\/index.php\/"},"modified":"2024-01-25T12:32:00","modified_gmt":"2024-01-25T17:32:00","slug":"barracuda-networks-bought","status":"publish","type":"post","link":"https:\/\/rbach.net\/index.php\/barracuda-networks-bought\/","title":{"rendered":"Barracuda Networks\u00a0Has Been Bought"},"content":{"rendered":"

\"Barracuda<\/a>While the massive Equifax data breach<\/a> is still\u00a0fresh in everyone\u2019s minds<\/a>\u00a0and the cybersecurity<\/strong> workforce is expected to be short nearly 2 million people<\/a>. IT security expenditures to top $1 Trillion<\/a> by 2022. Private equity giant Thoma Bravo<\/strong>, LLC<\/a> has jumped back into the IT security market with both feet. Barracuda Networks<\/strong><\/a>\u00a0has been bought by the private equity firm in a deal that\u2019s valued at $1.6 billion.<\/p>\n

\"Barracuda\"<\/a>Barracuda (CUDA<\/a>) sells appliance and cloud-based cybersecurity and data protection services. Clients include; Boeing, Microsoft and the U.S. Department of Defense<\/a>. Barracuda says it has over 150,000 customers. Upon the close of the transaction, Barracuda will operate as a privately held company<\/strong>.<\/p>\n

Barracuda Networks has been bought<\/h3>\n

Barracuda Network was founded in Ann Arbor<\/strong>, Michigan in 2003. From Ann Arbor, it raised at least $46 million in venture funding prior to its IPO. CUDA went public on the New York Stock Exchange<\/a> in November 2013, pricing its IPO<\/strong> at $18<\/a>. Barracuda acquired Yosemite Technologies in 2009 to expand its offerings into the storage market.<\/p>\n

\"Barracuda<\/a>Barracuda continued to innovate in the run-up to its acquisition. eWeek<\/em><\/a> reports<\/a> that in March 2017, Barracuda debuted<\/a> new data backup and recovery<\/strong> capabilities for VMware and Microsoft virtual machines. In June 2017 Barracuda announced<\/a> its new Sentinel service. The service uses artificial intelligence<\/strong> (AI) and container-based technologies to improve email security<\/strong>.<\/p>\n

Barracuda also enhanced its network security products and services in 2017. eWeek<\/em> reported in November that the company expanded the cloud capabilities for its Web Application Firewall<\/strong> (WAF) and NexGen Firewall products. The new capabilities include usage-based billing for the NextGen firewall<\/strong> running in the Amazon Web Services<\/strong> (AWS) cloud. The firewall included automated configuration capabilities for the WAF, thanks to an integration with the Puppet DevOps tool.<\/p>\n

CEO BJ Jenkins commented on the transaction, \u201cWe will continue Barracuda\u2019s tradition of delivering easy-to-use, full-featured solutions that can be deployed in the way that makes sense for our customers.<\/em>\u201d<\/p>\n

Thoma Bravo<\/h3>\n

Thoma Bravo is a Chicago-based private equity firm with $17 billion under management. Their appetite for IT firms is rather broad. Some of it\u2019s most notable purchases<\/strong> have been:<\/p>\n