SOURCE: Barracuda Networks

Barracuda Networks

September 28, 2009 12:52 ET

Barracuda Networks Acquires Controlling Interest in phion

Company Successfully Completes Voluntary Public Takeover of Leading Enterprise Firewall Provider Based in Austria

CAMPBELL, CA--(Marketwire - September 28, 2009) - Barracuda Networks Inc., the worldwide leader in content security appliances, and phion AG (WBAG: PHIO), an Austria-based provider of enterprise security solutions, today announced the successful completion of the Voluntary Public Takeover Bid as a result of meeting the acceptance threshold of more than 75 percent of the phion shares through the recently completed public tender offer.

"phion has defined the next generation of enterprise firewall technology, bringing the security, management, and reliability features needed to thwart today's ever-changing threat environment," said Dean Drako, president and CEO of Barracuda Networks. "phion's technology combined with Barracuda Networks' world class marketing, sales and support infrastructure will bring this next generation of firewall technology to the more than 85,000 Barracuda Networks customers worldwide."

phion customers will benefit from Barracuda Networks' worldwide network of sales and support operations newly extended to phion products. The combined Barracuda Networks and phion product portfolios will result in increased sales opportunities for the partners of both companies.

"Barracuda Networks is a well-established global brand, and we believe that Barracuda Networks' expansive channel presence and commitment to the customer experience will help to accelerate the global traction of the phion product offerings," said Wieland Alge, CEO of phion.

About Barracuda Networks Inc.

Barracuda Networks Inc. built its reputation as the worldwide leader in content security appliances by offering easy to use and affordable products that protect organizations from email, Web and IM threats. Barracuda Networks has leveraged its success in the security market to offer networking products that improve application delivery and network access as well as world-class solutions for message archiving, backup and data protection. Coca-Cola, FedEx, Harvard University, IBM, L'Oreal, and Europcar are amongst the more than 85,000 organizations protecting their networks with Barracuda Networks' solutions. Barracuda Networks' success is due to its ability to deliver easy to use, comprehensive solutions that solve the most serious issues facing customer networks without unnecessary add-ons, maintenance, lengthy installations or per user license fees. Barracuda Networks is privately held with its headquarters in Campbell, Calif. For more information, please visit www.barracudanetworks.com.

About phion

phion is one of the leading European providers of solutions to protect company communications. With the netfence product portfolio, phion offers solutions for the most demanding standards in terms of availability, security and management. netfence appliances consistently address all security-related aspects: from perimeter defense to the safe and highly available connections to branch offices, right up to blocking dangerous content and protecting internal networks. airlock protects Web applications like e-banking platforms and web services from any attacks or misuse. All phion products have core management and are distinguished by their remarkable TCO. phion is listed at the Vienna stock exchange (symbol: PHIO) and is based in Innsbruck, Austria and Zurich, Switzerland. phion's customers include well-known, internationally operating companies from all sectors of industry.

Contact Information

  • Media Contact:
    Kylie Heintz
    Barracuda Networks Inc.
    408-342-5440
    Email Contact