Barracuda gobbles up majority stake in Phion to beef up enterprise security
Barracuda Networks, a Campbell, Calif.-based maker of appliances to block spam and viruses transmitted over the web and email, announced that it bought a controlling interest in Austria-based Phion, a publicly-traded company that installs firewalls for enterprises, for about $18.7 million. Barracuda has been backed by Sequoia Capital and Francisco Partners, having raised $40 million in a 2006 first round of funding.
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About the Author, Camille Ricketts
Camille is the lead writer for GreenBeat. She came to VentureBeat from Google where she worked on its traditional platforms team, particularly in TV. Before that, she was a reporter for the Wall Street Journal in New York and London. Follow her on Twitter at @camillericketts, and follow VentureBeat on Twitter at @venturebeat.
With GreenBeat 2009, VentureBeat's all-star conference on all things Smart Grid, coming up in November, Camille will be expanding coverage of this exciting space. Stay up to date by following @greenbeat2009 on Twitter or by becoming a fan of the event on Facebook here.