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| Barracuda Networks Acquires Controlling Interest in phion | |
| Posted: Thu Oct 15, 2009 02:11:00 PM | |
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Barracuda Networks Inc., the worldwide leader in content security appliances, and phion AG (WBAG:PHIO), an Austria-based provider of enterprise security solutions, today announced the successful completion of the Voluntary Public Takeover Bid as a result of meeting the acceptance threshold of more than 75 percent of the phion shares through the recently completed public tender offer. “phion has defined the next generation of enterprise firewall technology, bringing the security, management, and reliability features needed to thwart today’s ever-changing threat environment,” said Dean Drako, president and CEO of Barracuda Networks. “phion’s technology combined with Barracuda Networks’ world class marketing, sales and support infrastructure will bring this next generation of firewall technology to the more than 85,000 Barracuda Networks customers worldwide.” phion customers will benefit from Barracuda Networks’ worldwide network of sales and support operations newly extended to phion products. The combined Barracuda Networks and phion product portfolios will result in increased sales opportunities for the partners of both companies. “Barracuda Networks is a well-established global brand, and we believe that Barracuda Networks’ expansive channel presence and commitment to the customer experience will help to accelerate the global traction of the phion product offerings,” said Wieland Alge, CEO of phion. |