Barracuda Networks has purchased Purewire to expand its software-as-a-service story. Purewire was launched last year and specializes in Web security in the cloud.
Barracuda Networks has acquired security software-as-a-service vendor Purewire in a bid to build out its cloud-based platform.The financial details of the deal were not disclosed. Purewire was
launched in 2008, and has sought to make a mark offering Web security
in the cloud. Bringing that technology into the fold will expand
Barracuda's existing SAAS and hybrid solutions and broaden its footprint in the market, said Dean Drako, Barracuda's CEO.
"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," Drako said in a statement. "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."
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.Barracuda
Networks and Purewire's research and threat analysis teams will join
forces to form Barracuda Labs, and will be tasked with developing
global threat intelligence technologies to power all the company's
product lines. 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, officials said."The Web security SAAS market is expected to be the fastest growing segment of the Web security market over the next four years," IDC analyst
Brian Burke said in a statement. "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."