Barracuda Networks has acquired start-up Purewire in an effort to expand its footprint in the market for Web security services. Barracuda Networks, which offers content-security appliances to guard against threats involving e-mail, Web and instant messaging, says the acquisition of Purewire will allow it to expand into the Web security software-as-a-service (SaaS) market. Hottest tech M&A deals of 2009 Launched last year, Purewire offers a managed security service to detect and block malware. Purewire's co-founders will assume management positions at Barracuda.
CTO Paul Judge will become vice president of cloud services and chief research officer. Mike Van Bruinisse, Purewire's CEO, will join Barracuda as vice president of enterprise sales. Judge will be in charge of combining the Purewire and Barracuda Labs research teams to identify and track threats, says Dean Drako, president and CEO of Barracuda, based in Campbell, Calif. Today about 85,000 organizations make use of Barracuda's security products. Current plans call for Purewire to remain in Atlanta. "We have need for more senior management," Drako says, adding that Purewire's co-founders have done a great job developing a new platform at the start-up and have considerable industry experience. "Under their leadership, Purewire has helped to shape the Web security SaaS market in a very short period of time," Drako says.
Some customers deploy the appliances on their own, and others opt to use them in conjunction with cloud-based services, including backup services. Drako also notes that the Purewire service should benefit from Barracuda's extensive sales and marketing group. The addition of Purewire promises to expand Barracuda's services portfolio. The companies did not disclose the value of the deal.