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Barracuda Delivers Strong Growth And Innovation In MSP Security Solutions
Thursday, November 25, 2021

Leader in empowering managed service providers to become security-centric businesses

CAMPBELL, Calif., Nov. 17, 2021 /PRNewswire/ --

Highlights:

    --  Barracuda's MSP division saw strong sales performance through Q2 FY2022,
        driven by key product advancements including Zero Trust Network Access
        with Barracuda CloudGen Access, integrations with Barracuda RMM, and the
        acquisition of SKOUT Cybersecurity.
    --  Annual recurring revenue (ARR) for Barracuda MSP's security solutions
        grew 37% year-over-year, as of  September 30, 2021.
    --  Through a new integration, Barracuda SKOUT Managed XDR now gives MSPs
        the ability to monitor data from Google Workspace instances to detect
        potentially suspicious events.
    --  Barracuda expands international presence, bringing Barracuda SKOUT
        Managed XDR to MSP partners in Australia and New Zealand.

Barracuda Networks, Inc., a trusted partner and leading provider of cloud-enabled security solutions, today announced several key product milestones and sales growth achievements for its MSP business, which was accelerated by the increasing number of MSPs adding security to their services portfolio.

Driven by the acquisition of SKOUT Cybersecurity for extended detection and response (XDR), new integrations for Barracuda RMM, and the introduction of Zero Trust Network Access (ZTNA) capabilities for managed service providers (MSPs) through Barracuda CloudGen Access, annual recurring revenue for Barracuda MSP grew 70% year-over-year at the end of Q2 FY2022.

"With today's increasingly sophisticated threats, MSPs must ensure they deliver security-centric services while managing their customers' end users, networks, applications, and the data they are accessing," said Hatem Naguib, President & CEO, Barracuda. "We are committed to delivering best-in-class security solutions and services that empower our MSP partners to protect their customers from the ever-evolving cybersecurity threat landscape."

Recent MSP Business Highlights:

    --  Annual recurring revenue (ARR) for Barracuda MSP's security solutions
        grew 37% year-over-year as of September 30, 2021.
    --  ARR for Barracuda MSP's email security solutions grew 73% year-over-year
        as of September 30, 2021.

Recent MSP Innovation Highlights:

    --  Managed XDR and SOC: In July, Barracuda acquired SKOUT Cybersecurity, a
        leader in cyber-as-a-service software for Managed Service Providers
        (MSPs) and provider of an extended detection and response (XDR) platform
        and service. With the acquisition Barracuda entered the fast-growing XDR
        market with a solution optimized for MSPs. The service is now available
        as Barracuda SKOUT Managed XDR.
    --  New XDR integration: Barracuda SKOUT Managed XDR now empowers MSPs to
        monitor data from Google Workspace instances. This new integration
        allows partners to detect attempts to:
        --  Bypass multi-factor authentication
        --  Escalate privileges
        --  Change administrator roles
    --  International expansion: In addition to partners in the Americas and
        EMEA, partners in Australia and New Zealand now have access to the full
        software portfolio of offerings available from Barracuda's Managed XDR
        business, including authentication, endpoint protection, email, and
        network security solutions. Now, partners in the Australia-New Zealand
        region can prevent, detect, and respond to threats using our 24x7 SOC,
        making it easy to add security to their portfolios.
    --  Barracuda RMM enhancements: In August, Barracuda announced key updates
        to Barracuda RMM, the company's security-centric, cloud-based remote
        monitoring and management (RMM) platform. Key highlights of the release
        include new integrations with Windows Defender Antivirus, updates to
        Microsoft and third-party software patch management functionality,
        enhanced integration with Barracuda Intronis Backup, and ServiceNow
        Service Desk integration.
    --  CloudGen Access for MSPs: In March, Barracuda expanded its portfolio of
        solutions and services for IT managed service providers to include
        Barracuda CloudGen Access for MSPs. With Barracuda CloudGen Access, MSPs
        can expand their security services to protect customers' resources and
        implement control for any unmanaged BYOD devices, without making changes
        to customers' existing workflows.

Recent Industry Recognition

    --  Channel Pro Network Readers' Choice Award 2021: Best Email Security
        Vendor
    --  2021 Channel Partner Insight North American MSP Innovation Awards: Best
        RMM Vendor
    --  Barracuda MSP receives five-star rating in CRN Partner Program Guide
        2021
    --  Barracuda named a leader in The Forrester Wave: Enterprise Email
        Security, Q2 2021
    --  SC Awards U.S. 2021: Barracuda wins Excellence Award for Best Customer
        Service
    --  Barracuda named a 2021 Gartner Peer Insights Customers' Choice for Email
        Security

Partner Quotes:
"We've worked with Barracuda MSP for years and selected SKOUT Cybersecurity in 2020. Any acquisition of a partner can cause concern, but we were excited to see these two great companies come together, and were confident that we would receive even greater service going forward," said John Limbach, COO at River Run. "At River Run, our mission is to deliver the best technology experiences for our clients, and working with Barracuda MSP and Barracuda SKOUT Managed XDR gives us the expertise and tools we need to make that easier."

Get more information about Barracuda's MSP security portfolio: https://barracudamsp.com/

About Barracuda

At Barracuda we strive to make the world a safer place. We believe every business deserves access to cloud-enabled, enterprise-grade security solutions that are easy to buy, deploy, and use. We protect email, networks, data, and applications with innovative solutions that grow and adapt with our customers' journey. More than 200,000 organizations worldwide trust Barracuda to protect them - in ways they may not even know they are at risk -- so they can focus on taking their business to the next level. For more information, visit barracuda.com.

Barracuda Networks, Barracuda, and the?Barracuda Networks?logo are registered trademarks of?Barracuda Networks, Inc.?in the US and other countries. SKOUT Cybersecurity and the SKOUT logo are registered trademarks of?SKOUT Cybersecurity Holdings, Inc. and its affiliates in the US and other countries.

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Read the blog post: http://cuda.co/50160

Contact
Anne Campbell
Barracuda Networks, Inc.
978-328-1642
acampbell@barracuda.com

View original content to download multimedia:https://www.prnewswire.com/news-releases/barracuda-delivers-strong-growth-and-innovation-in-msp-security-solutions-301426255.html

SOURCE Barracuda Networks, Inc.



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