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
Brian Babineau

Brian Babineau

SVP & GM, Intronis MSP Solutions
Rod Mathews

Rod Mathews

SVP & GM, Data Protection Business
Hatem Naguib

Hatem Naguib

SVP & GM, Security Business
Hossein Ghazizadeh

Hossein Ghazizadeh

SVP, Worldwide Customer Support & Success
Fleming Shi

Fleming Shi

SVP, Technology
Ken Martin

Ken Martin

SVP, Worldwide Manufacturing Operations
Simon Yeo

Simon Yeo

SVP Global Operations and Infrastructure
Michael Hughes

Michael Hughes

SVP, Worldwide Sales

Barracuda Networks Office Locations

Barracuda Networks has an office in Innsbruck, Vienna, Aartselaar, Paris 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, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Revenue

198.9 m233.8 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
USDQ3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018

Revenue

59.4 m66.2 m68.7 m70.4 m78 m78.4 m80.1 m86.7 m87.9 m88.8 m94.2 m94.3 m283.3 m

Cost of goods sold

14 m14.4 m14 m14.4 m16 m15.9 m18.4 m20.2 m20.2 m21.1 m23.6 m25.2 m70.9 m

Gross profit

45.4 m51.8 m54.6 m56 m62 m62.4 m61.7 m66.4 m67.7 m67.7 m70.5 m69.1 m212.3 m

Gross profit Margin, %

76%78%80%79%80%80%77%77%77%76%75%73%75%
Annual
usdY, 2012Y, 2013Y, 2014Y, 2015FY, 2016FY, 2017

Cash

126.5 m30.1 m135.9 m151.4 m118.7 m120.2 m

Accounts Receivable

Inventories

5.6 m5.8 m

Current Assets

230.1 m280.3 m241.6 m295.4 m
Quarterly
USDQ3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018

Cash

117.2 m141.6 m156.6 m159.9 m156.1 m173.7 m117.1 m127 m139.2 m121.1 m126.7 m125.6 m96.9 m

Inventories

6.4 m4.9 m5.2 m5.1 m4.7 m5.6 m6.1 m6 m5.7 m4.7 m6.4 m6.5 m8.3 m

Current Assets

211.4 m243.5 m266.1 m288.7 m291.7 m310.9 m251.6 m253.5 m262.3 m283.2 m296.2 m298.7 m275.8 m

PP&E

20.3 m21.3 m22.2 m24.3 m27.9 m27.8 m31.8 m31.5 m30.3 m29.4 m32.1 m32 m30.8 m
Annual
usdFY, 2014FY, 2015FY, 2016FY, 2017

Net Income

10.2 m

Depreciation and Amortization

9.1 m8.6 m

Inventories

(509 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 k738 k(36 k)(3.8 m)(6.1 m)(7.7 m)2.8 m5.2 m7 m2.7 m4.2 m12 m

Depreciation and Amortization

2.2 m4.5 m7.9 m

Inventories

(2.5 m)

Accounts Payable

12.7 m13.8 m(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

Q1, 2015Q2, 2015Q3, 2015Q4, 2015FY, 2015Q1, 2016Q2, 2016Q3, 2016Q4, 2016FY, 2016Q1, 2017Q2, 2017Q3, 2017Q4, 2017FY, 2017Q1, 2018Q2, 2018Nov, 2017Q3, 2018

Billings

$87.60 m$89.04 m$91.53 m$96.13 m$364.29 m$94.27 m$98.45 m$89.01 m$95.79 m$377.52 m$98.20 m$100.30 m$100.40 m$103.22 m$402.12 m$105.22 m$108.50 m$110.63 m

Active Subscribers

214.34 k225.60 k234.96 k243.58 k252.46 k261.61 k269.47 k278.40 k286.60 k298.74 k309.32 k321.24 k335.32 k348.09 k360.33 k

Customers

150 k

Partners

5 k6.50 k6.50 k
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Barracuda Networks News and Updates

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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