Barracuda accelerates growth in email protection

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 Networks, Inc. today announced accelerated growth for its email protection business for FY2019 with a $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. 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.

Email protection is a notable growth vector in the managed service provider market as well. Barracuda MSP, the MSP-dedicated business unit of Barracuda, saw annual recurring revenue for its email protection business grow 122 percent year-over-year for Q1 FY2020.

“We are excited to see this solid momentum across our email protection business,” said BJ Jenkins, CEO of Barracuda. “Our product pipeline is strong, offering customers email protection beyond traditional gateways to safeguard employees and organizations. We are focused on continuing to expand our award-winning portfolio with comprehensive, easy-to-use solutions to protect against socially-engineered, targeted attacks like business email compromise and account takeover.”

According to Gartner: “The email security market is starting to adopt a continuous adaptive risk and trust assessment (CARTA) mindset and acknowledge that perfect protection is not possible. As a result, vendors are evolving or emerging to support new detect and response capabilities by integrating directly with the email system via API.”1

Market conditions are also a significant factor in the growing demand for email protection as threats continue to proliferate and have a major impact on businesses of all sizes. A Barracuda report released today found that 82 percent of surveyed IT security professionals have faced email attacks over the past year. 74 percent of those surveyed advised that these attacks are having a direct business impact in the form of lost productivity (48%), downtime (36%), damage to ITs reputation (28%), recovery costs (20%), and more.

Recent Barracuda Email Protection Financial Highlights:

  • Email Protection Q1 FY2020 Sales Growth:
    • Barracuda Sentinel sales bookings grew 440 percent year-over-year
    • Barracuda Essentials sales bookings grew 46 percent year-over-year

Recent Barracuda Email Protection Business Highlights:

  • Customers: Barracuda serves more than 65,000 email security customers worldwide. New customers include DL chemicals, Stad Oostende, Raetsheren van Orden B.V., and Fischer Automobile GmbH.
  • Mailboxes: More than 2 million Microsoft Office 365 mailboxes are monitored and protected by Barracuda Sentinel.  


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