CAMPBELL, Calif., Jan. 3, 2018 /PRNewswire/ -- Barracuda
Networks, Inc. (NYSE: CUDA), a leading provider of cloud-enabled
security and data protection solutions, today announced it has
acquired PhishLine, LLC, a leading SaaS platform for social
engineering simulation and training. Combining Barracuda's
AI-driven protection against phishing and spear phishing with
PhishLine's platform gives customers comprehensive defense against
email-borne targeted attacks and social engineering.
Email remains the most targeted threat vector and one that
requires both security technology and the human layer of defense.
PhishLine offers data analytics and reporting to allow customers to
measure and report on risks at macro and micro levels across the
human and process layers. With this transaction, Barracuda combines
gateway security, data protection, AI-based targeted threat
protection, and user awareness training to deliver comprehensive
protection against email-borne threats.
"Security awareness training is an important and quickly
evolving area, particularly with increasingly targeted attacks
making the human element a critical link in the security value
chain," said BJ Jenkins, president and CEO at Barracuda. "PhishLine
has a culture of developing innovative email protection solutions,
including social engineering and data analysis offerings. Combining
the power of the Barracuda security technologies with PhishLine's
capabilities gives us the opportunity to deliver integrated,
adaptive security training aimed at preventing email security
threats."
"An effective security strategy demands a collaborative effort
between the employees using the network and the security technology
designed to protect it," said Mark T.
Chapman, president and CEO at PhishLine. "Barracuda's
innovations around targeted attacks, AI, archiving, and data
protection complement PhishLine's solutions well. Our combined
strengths offer a comprehensive, data-driven approach to help
customers fight smarter, mitigate risks, eliminate threats, and
gain greater peace of mind."
Email threats continue to become more targeted, making a
multi-layered approach critical in successfully protecting targeted
employees, applications, and data. With this acquisition, Barracuda
offers a broad solution against email-borne targeted attacks and
social engineering. Highlights include:
- Comprehensive email protection – Barracuda provides
customers comprehensive protection against email-borne threats to
their businesses, including email security, data resiliency, and
business continuity.
- Protection for people, brands, and businesses – The
breadth of Barracuda's security portfolio and AI platform
integrated with PhishLine's aggregated data insights and training
capabilities creates a powerful combination to protect customers'
technical assets, people, brands, and businesses.
- Continued email security innovation leadership –
Barracuda was the first email security company to add advanced AI
to address spear phishing and cyber fraud. The PhishLine
capabilities offer customers the ability to further improve
security process, accuracy, and effectiveness.
- Protecting customers of all sizes – Barracuda's
solutions are full featured, yet elegantly simple, making them
suited to protect organizations of all sizes.
PhishLine is recognized as a Visionary within Gartner's Magic
Quadrant for Security Awareness Computer-Based Training1
based on its completeness of vision and ability to execute.
PhishLine has three issued and eight pending patents for its SaaS
platform, which includes multivariable attack simulations across
email, text message, voice, and USB/mobile media; best-in-class
data capture, analytics and reporting; and continual, complex
analysis of employee performance.
1- Gartner, "Magic Quadrant for Security Awareness
Computer-Based Training," Joanna G.
Huisman, 26 October 2017.
Gartner does not endorse any vendor, product or service
depicted in its research publications, and does not advise
technology users to select only those vendors with the highest
ratings or other designation. Gartner research publications consist
of the opinions of Gartner's research organization and should not
be construed as statements of fact. Gartner disclaims all
warranties, expressed or implied, with respect to this research,
including any warranties of merchantability or fitness for a
particular purpose.
About Barracuda Networks, Inc. (NYSE:
CUDA)
Barracuda (NYSE: CUDA) simplifies IT with
cloud-enabled solutions that empower customers to protect their
networks, applications and data, regardless of where they reside.
These powerful, easy-to-use and affordable solutions are trusted by
more than 150,000 organizations worldwide and are delivered in
appliance, virtual appliance, cloud and hybrid deployment
configurations. Barracuda's customer-centric business model focuses
on delivering high-value, subscription-based IT solutions that
provide end-to-end network and data protection. For additional
information, please visit barracuda.com.
Barracuda Networks, Barracuda, and the Barracuda
Networks logo are registered trademarks of Barracuda
Networks, Inc. in the US and other countries.
Forward-Looking Statements
This announcement contains
forward-looking statements related to our strategy and potential
benefits of the PhishLine products and technology including
security awareness training, data analytics and product
integration, the potential benefits of Barracuda email security
products, and the potential benefits of the combined solution. You
should not place undue reliance on these forward-looking statements
because they involve known and unknown risks, uncertainties and
other factors that are, in some cases, beyond the Company's control
and that could cause the Company's results to differ materially
from those expressed or implied by such forward-looking statements.
Factors that could materially affect the Company's business and
financial results include, but are not limited to customer response
to the Company's products, as well as those factors set forth in
the Company's filings with the Securities and Exchange
Commission. The Company expressly disclaims any intent or
obligation to update the forward-looking information to reflect
events that occur or circumstances that exist after the date of
this press release.
Contacts
Investor Relations: Maria Riley;
415-217-7722; ir@barracuda.com
Public Relations: Jesse Kimbrel;
408-342-5683; jkimbrel@barracuda.com
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SOURCE Barracuda Networks, Inc.