Barracuda Networks, Inc., a trusted partner and provider of cloud-enabled security solutions, has announced accelerated growth for its email protection business for FY2019 with a USD 200 million annual revenue run rate and accelerating growth for Barracuda Sentinel, the company´s advanced technology that leverages API integration to protect businesses from spear phishing, account takeover, business email compromise, and fraud, the company said.
Barracuda saw strong performance through Q1 FY2020, primarily driven by key product innovations in its email protection solutions, which included 440 percent year over year growth in sales bookings of Barracuda Sentinel.
Barracuda Essentials, the company´s all-in-one email security, backup and archiving service, saw 46 percent growth in sales bookings year over year.
Annual recurring revenue (ARR) for Barracuda MSP´s email protection business grew 122 percent year-over-year.
Barracuda´s email protection business has grown to more than a USD 200 million annual revenue run rate in FY2019, which ended February 28, 2019.
Driven by innovations in detection, response, and automated cleanup to counter the increased sophistication of email threats that occur beyond the gateway, Sentinel sales bookings grew 440 percent year-over-year at the end of Q1 FY2020.
Barracuda protects email, networks, data and applications with innovative solutions that grow and adapt with customers. For more information, visit barracuda.com.