10 Security Companies To Watch In 2018
Barracuda Networks will return to private ownership in winter 2018 when private equity powerhouse Thoma Bravo purchases the company for $1.6 billion. Thoma Bravo said it had been impressed by Barracuda's ability to bring comprehensive offerings to customers in an increasingly hostile and complex threat environment.
Barracuda filed for an initial public offering in November 2013, just one year after landing BJ Jenkins as its CEO. The company was founded as a security appliance vendor in 2003, and expanded its offerings into the storage market in 2009 with the acquisition of Yosemite Technologies.
One of Barracuda's final moves as a publicly traded company was its November acquisition of public cloud archiving provider Sonian. The deal will help customers meet increased demand for compliance, analytics, and email security and management capabilities, according to Barracuda.