CAMPBELL, Calif
Barracuda Networks, Inc., a trusted partner and leading provider of cloud-enabled security solutions, 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.
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.
Recent Barracuda Email Protection MSP Highlights
MSP Email Protection Sales Growth
Annual recurring revenue (ARR) for Barracuda MSP's email protection business grew 122 percent year-over-year, for Q1 FY2020.
The fastest growing part of the MSP email protection portfolio is Security Awareness Training, which had sequential ARR growth of 22 percent in May 2019.
Managed Workplace Innovation
In February 2019, Barracuda acquired Managed Workplace, a security-centric remote monitoring tool, to further enhance its growing MSP-focused solution offering.
In June 2019, an updated integration was released that utilizes the Microsoft Graph API to provide visibility into Office 365 users, mailboxes, access levels, and other account information for easier and more comprehensive management.
Recent Barracuda Email Protection Innovation Highlights
Total Email Protection Offered with a single SKU that is easy to buy, implement, and use, this bundled solution provides defense against socially engineered business email attacks, fraud, and account takeover, and includes Barracuda Essentials, Barracuda Sentinel, and Barracuda PhishLine.
Forensics and Incident Response Available to Barracuda Total Email Protection customers, the solution automates incident response and provides remediation options, helping organizations address issues in a faster, more proactive way.
Integrated Domain-based Phishing Protection
Through API integration with Forensics and Incident Response, Barracuda Total Email Protection customers now have an enhanced ability to seamlessly protect across the two most common threat vectors email and web. Malicious domains received through emails can now be detected and automatically blocked for all users, and DNS phishing protection, leveraging Barracuda Content Shield, provides a more unified threat management response against advanced attacks.
Recent Barracuda Email Protection Industry Recognition
Barracuda Named a Leader in The Forrester Wave Enterprise Email Security, Q2 2019.
Barracuda Named a Visionary in the 2019 Gartner Magic Quadrant for Security Awareness Computer-Based Training
SC Media Product Review 5/5-stars Barracuda Total Email Protection
CSO Magazine Product Review Barracuda Sentinel protects email where others fail
2019 MSP Innovation Awards Best Security Offering - Managed PhishLine
2019 IT Europa Security Vendor of the Year Barracuda MSP for Barracuda Total Email Protection
Recent Customer Quotes
Barracuda Forensics and Incident Response allows us to find the emails that slip through the other filters and remove them as needed, said Rick Cahoon, Director of Enterprise Security and Support at Wilbur-Ellis. Knowing who received the malicious email in our enterprise is now available in the same tool. When a suspicious email is reported, we can begin to and sometimes completely remediate the environment quickly. We can identify which users received the email, which users clicked on any malicious links, and block future emails from the malicious account — all in the same interface. Barracuda Forensics is a big win for our IT and security teams.
Keeping up with evolving threats like account takeover and spear phishing can be a challenge because the threat landscape changes so quickly, said Denny Bono, IT Manager, American Crane & Equipment. With Barracuda's innovative approach to email security, we feel confident that their solutions will provide the protection we need. Barracuda's cloud integration with Office 365 is an important feature for us, helping us add layers of protection that fit the way our organization does business.
The threat landscape is continuously evolving, and Barracuda's innovative solution for enterprise email security is customizable and flexible in meeting our existing and future needs, said James Haggarty, IT Networks and Security Manager, The National Autistic Society. Their strong cloud integration with O365 is helping protect our thousands of users by providing multiple layers of email protection against serious attacks like spear phishing and account takeover.
Email security is a top priority for us, especially protecting our business from growing threats like spear phishing and account takeover, said Naveen Verma, Manager - IT, Daikin Airconditioning India Private Limited. Barracuda provides the innovative security solutions we need to feel confident these concerns are being addressed appropriately as email threats evolve. Barracuda's Office 365 integration is a key component for us because it helps us weave security into the way our teams work.
Get more information about Barracuda's email protection portfolio https//www.barracuda.com/products/email_protection
