Barracuda Networks designs, develops, manufactures, distributes and sells email and web security appliances. The Company offers cloud-connected solutions that help its customers address security threats, enhance network performance, and protect and store their data. Barracuda Networks’ solutions deliver protection against enterprise-class spam, spyware, viruses and IT infrastructure threats.

Type
Subsidiary
Parent Company
Thoma Bravo
HQ
Campbell, US
Founded
2003
Barracuda Networks was founded in 2003 and is headquartered in Campbell, US
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Key People/Management at Barracuda Networks

William Jenkins

William Jenkins

President & CEO
Dustin Driggs

Dustin Driggs

CFO
Michael Perone

Michael Perone

Co-Founder, Executive Vice President and CMO
Zachary Levow

Zachary Levow

Co-Founder, Executive Vice President and CTO
Erin Hintz

Erin Hintz

SVP & CMO
Diane Honda

Diane Honda

SVP, Human Resources, General Counsel & Secretary
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Barracuda Networks Office Locations

Barracuda Networks has offices in Zürich, Nottingham, Campbell, Fresno and in 30 other locations
Campbell, US (HQ)
3175 Winchester Blvd
Fresno, US
7170 N. Financial Dr. Suite 124
North Sydney, AU
L32, 101 Miller Street
Innsbruck, AT
Eduard-Bodem-Gasse 1
Vienna, AT
Lassallestrasse 7A / Unit 4 / D1
Aartselaar, BE
Kontichsesteenweg 71/2
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Barracuda Networks Financials and Metrics

Summary Metrics

Founding Date

2003

Total Funding

$46.4 m

Investors

In total, Barracuda Networks had raised $46.4 m. Barracuda Networks is a subsidiary of Thoma Bravo

Barracuda Networks Financials

Barracuda Networks's revenue was reported to be $352.65 m in FY, 2017 which is a 10.1% increase from the previous period.
Annual
USDFY, 2014FY, 2015FY, 2016FY, 2017

Revenue

233.8 m277.4 m320.2 m352.6 m

Revenue growth, %

18%19%15%10%

Cost of goods sold

53.8 m58.7 m70.1 m83.8 m

Gross profit

180 m218.8 m250 m268.9 m
Quarterly
Annual
USDFY, 2014FY, 2015FY, 2016FY, 2017

Cash

135.9 m151.4 m118.7 m120.2 m

Accounts Receivable

27.8 m40.7 m36.5 m40.6 m

Inventories

5.6 m4.5 m5.6 m5.8 m

Current Assets

230.1 m280.3 m241.6 m295.4 m
Quarterly
USDQ1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018

Cash

141.6 m156.6 m159.9 m156.1 m173.7 m117.1 m127 m139.2 m121.1 m126.7 m125.6 m96.9 m

Accounts Receivable

33 m36.7 m41 m43.2 m43 m42.3 m35.5 m40.4 m39.6 m39.7 m40.9 m45.2 m

Inventories

4.9 m5.2 m5.1 m4.7 m5.6 m6.1 m6 m5.7 m4.7 m6.4 m6.5 m8.3 m

Current Assets

243.5 m266.1 m288.7 m291.7 m310.9 m251.6 m253.5 m262.3 m283.2 m296.2 m298.7 m275.8 m
Annual
USDFY, 2014FY, 2015FY, 2016FY, 2017

Net Income

(4.4 m)(67.5 m)(4.4 m)10.2 m

Depreciation and Amortization

9.1 m8.6 m13.3 m16.4 m

Inventories

(509 k)1.2 m(1.2 m)(202 k)

Accounts Payable

1.2 m2.8 m(720 k)(5.4 m)
Quarterly
USDQ1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018

Net Income

151 k889 k853 k(3.8 m)(6.1 m)(7.7 m)2.8 m5.2 m7 m2.7 m4.2 m12 m

Depreciation and Amortization

2.1 m4.4 m6.5 m2.2 m4.5 m7.9 m4.3 m8.5 m12.4 m4.2 m8.5 m12.7 m

Inventories

730 k463 k507 k(263 k)(1.1 m)(1.7 m)(363 k)(83 k)931 k(666 k)(744 k)(2.5 m)

Accounts Payable

(4.6 m)12.7 m(404 k)(3.1 m)2.2 m(1.7 m)(3.3 m)(6.7 m)(4.9 m)1.3 m(3 m)(63 k)
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Barracuda Networks Operating Metrics

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Barracuda Networks Acquisitions / Subsidiaries

Acquired CompanyDateDeal Size
Sookasa, Inc.
Barracuda Networks, Limited
Barracuda Networks AG
Barracuda Networks Canada Limited
Barracuda Networks Singapore PTE LTD.
Barracuda Networks Technology Co, Ltd.
Barracuda Networks (Hong Kong) Limited
Barracuda Networks (India) Private Limited
Barracuda Networks (Israel) Ltd.
Barracuda Software Developer Middle East FZ-LLC
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Barracuda Networks News and Updates

Barracuda Networks puts teeth into public cloud firewall protection

When Tim Jefferson (pictured) was the head of security and networking business development for Amazon Web Services Inc., he gained insight into the friction that enterprise customers experienced when they moved data center security architectures into the public cloud. Inevitably, the pain points cam…

Security business Barracuda Networks acquired for $1.6 billion

 Private equity giant Thoma Bravo has agreed today to buy Barracuda Networks in a take-private deal that’s valued at $1.6 billion. The company was offered $27.55 per share, about 16% above Friday’s close. Though above Barracuda’s 52-week high, the price is down from the over $40 per share where the …

Security issues hindering cloud migration: Barracuda Networks

Survey reveals public cloud use continues to grow, but security remains an issue While the public cloud has grown in popularity among businesses in recent years, security issues have slowed greater adoption, according to a survey conducted by Barracuda Networks, a company that specializes in securit…
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