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| Barracuda Networks Acquires Purewire | |
| Posted: Thu Oct 15, 2009 02:12:00 PM | |
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Barracuda Networks Inc., the worldwide leader in content security appliances, today announced that it has completed the acquisition of Purewire Inc. (Purewire™), an award-winning SaaS-based secure Web gateway provider. This combination broadens the company’s cloud-based platform, enabling it to extend its market leading security solutions across a variety of delivery models including appliance, SaaS and hybrid. Additionally, this acquisition deepens Barracuda Networks’ security research and threat detection capabilities. “The addition of Purewire’s award-winning Web security-as-a-service platform to our security product portfolio greatly enhances our ability to provide customers with the best solution for their network environment,” said Dean Drako, president and CEO of Barracuda Networks. “Further, this combination expands our set of SaaS-based solutions, provides new infrastructure and technology, and creates enormous potential to extend our cloud services across all of our rapidly growing product lines.” With more than 85,000 customers worldwide, Barracuda Networks is the global volume leader in integrated network solutions for comprehensive email, Internet, Web and IM protection. Using its established worldwide sales channel, Barracuda Networks will introduce the Purewire product line to a broader global market. As part of the acquisition, Mike Van Bruinisse, Purewire co-founder and Chief Executive Officer, joins Barracuda Networks as Vice President of Enterprise Sales; and Dr. Paul Judge, Purewire co-founder and Chief Technology Officer, joins Barracuda Networks as Vice President of Cloud Services and Chief Research Officer. “There is incredible synergy between the leadership teams of both companies; as former founding members of CipherTrust, Mike, Paul and other Purewire executives have strong roots in email security and in delivering renowned enterprise-class products,” said Drako. “Under their leadership, Purewire has helped to shape the Web security SaaS market in a very short period of time, and we believe that our combined forces will make Barracuda Networks the dominant player in the security SaaS market.” Award-winning SaaS Delivery This acquisition expands Barracuda Networks’ existing SaaS and hybrid solutions. The new infrastructure, technology and team will be combined with Barracuda Networks’ existing SaaS capabilities to deliver a diverse portfolio of SaaS-based solutions to meet customer and market demands. The award-winning Purewire Web Security Service is available worldwide to Barracuda Networks customers and partners. Barracuda Networks plans to maintain support for Purewire’s existing services as well as to increase investment in product development across the company’s SaaS-based platform. Barracuda Networks will continue to work with all Purewire’s sales channel partners, expanding the depth of its worldwide sales reach, and enabling them to provide better service and support to all existing and future customers. “The Web security SaaS market is expected to be the fastest growing segment of the Web security market over the next four years,” said Brian Burke, IDC security products program director. “Barracuda Networks is known for bringing strong solutions to market very quickly through its expansive worldwide channel. This deep global footprint combined with industry-leading technologies and a strong team of veteran information security executives from both Purewire and Barracuda Networks puts the company in a good position to be a leading contender in the Web security SaaS market.” Groundbreaking Security Research Barracuda Networks and Purewire’s expansive research and threat analysis teams will combine to form the new Barracuda Labs™. Barracuda Labs will be tasked with continuing to develop the global threat intelligence technologies that fuel and maintain all Barracuda Networks’ product lines including the cloud-based Barracuda Energize Updates. Comprehensive threat intelligence information that builds upon data collected through PurewireTrust.org, TweetGrade.com, Purewire Web Security Blog and BarracudaCentral.org will be made available in the coming weeks via BarracudaLabs.com. “Over the last two years, Purewire has developed key approaches to malware analysis and threat data mining,” said Dr. Judge. “With the formation of Barracuda Labs, we will be combining that expertise with Barracuda’s existing threat detection capabilities, and the collective intelligence fueled by Barracuda Networks’ more than 85,000 appliances deployed in 80 countries to create the most substantial view of network security threats in the world.” |