Barracuda Delivers Growth in Cloud Email Security
3,400 new customers in FY21, 112% Y/Y growth in sales of Cloud-to-Cloud Backup
This is a Press Release edited by StorageNewsletter.com on May 20, 2021 at 2:31 pmBarracuda Networks, Inc. announced product milestones and sales growth rates for its email protection business, which was accelerated by increased Office 365 adoption, and higher demand for Barracuda Sentinel,
Its technology that leverages API integration to protect businesses from spear phishing, account takeover, business email compromise and other advanced threats.
Through innovations in detection efficacy and enhanced classifiers leveraging ML to counter the increased sophistication of advanced email threats, Sentinel annual recurring revenue grew 40% Y/Y at the end of 4FQ21.
Email protection solutions achieved notable revenue growth in EMEA markets with annual recurring revenue for email protection solutions growing in aggregate 65% Y/Y at the end of 4FQ21.
“We continued to see great momentum across our email protection solutions last fiscal year,” said Don MacLennan, SVP of engineering and product management, email protection. “With increased risk of socially-engineered attacks like conversation hijacking, business email compromise and account takeover, and the growing demand for protecting customer data in the cloud, we are delivering innovative solutions that provide comprehensive protection for our customers. We were the first to bring to market an API-based inbox defense solution, Sentinel, that integrates directly with Office 365 to detect advanced email threats.“
According to Gartner: “Dramatic increases in the volume and success of phishing attacks and migration to cloud email require a reevaluation of email security controls and processes. Address gaps in the advanced threat defense capabilities of an incumbent secure email gateway by either replacing them or supplementing them with complementary capabilities via API integration.“(1)
Recent Barracuda Email Protection Highlights:
- Customers: The company currently serves more than 71,500 email security customers worldwide. New customers in Barracuda’s last fiscal year include Syntra, Vaderstad AB, Gateway Mechanical, Inc., Curtins Consulting Ltd, Generator Power Ltd, Sight Scotland, and NCOI Opleidingen.
- Mailboxes: 5 million Microsoft Office 365 mailboxes are monitored and protected by Barracuda Sentinel, which represents 58% annual growth in the number of mailboxes.
Recent Barracuda Email Protection MSP Highlights:
- MSP Email Protection Growth:
- Overall annual recurring revenue (ARR) for MSP’s email protection solutions grew 66% Y/Y, at the end of 4FQ21.
- The fastest growing part of the MSP email protection portfolio is Sentinel, which had an ARR growth of 129% at the end of 4FQ21.
- Advanced Email Security Integrations:
- Sentinel, and Forensics and Incident Response have been integrated into the ECHOplatform, firm’s management and configuration console, to enable MSPs to provide Barracuda’s Total Email Protection suite of products on behalf of customers.
Recent Email Protection Innovation Highlights:
- Forensics and Incident Response: Available as part of the Barracuda Total Email Protection offering, the solution automates threat hunting and remediation processes. Recent enhancements include proactive threat discovery leveraging threat intelligence from firm’s community of over 200,000 customers, and user behavioral insights to quickly contain threats and target training to vulnerable users.
- Email Threat Scanner: Redesigned scan tool to help businesses detect email threats such as spear phishing, business email compromise, conversation hijacking, services impersonation, and others. Enhancements include refreshed dashboard with scan preview page, access to early results and improved reporting of detected threats. To date, over 17,000 organizations and 14.5 million mailboxes have been scanned for threats.
- Cloud-to-Cloud Backup: New version of the solution for Office 365 backup, offering scalability for enterprise organizations, faster backup and restore performance, and support for additional data sources. It offers Office 365 protection across SharePoint, OneDrive, Exchange and improved support for Teams.
- PhishLine: Enhancements to security awareness training solution include real-time analytics of user progress on training modules, Office 365 connector to enable list creation for simulation campaigns, and multi-language support for hundreds of new simulation templates.
Recent Industry Recognition:
- Barracuda named a leader in the Forrester Wave: Enterprise Email Security, 2Q21
- SC Awards US 2021: Barracuda wins Excellence Award for Best Customer Service
- Barracuda named a 2021 Gartner Peer Insights Customers’ Choice for Email Security
- SC Award Europe 2020: Barracuda Sentinel named Best Use of ML/AI
- SC Awards Europe 2020: Barracuda wins Best Email Security Solution
- CYBERSECasia Awards 2020: Barracuda wins Best Web & Email Security
“Barracuda Total Email Protection has made a big difference to us,” said Kevin Burns, head of IT, Sight Scotland. “It’s blocking a lot of phishing emails, which reduces our risk. And if one does get through, responding to that is much easier and faster. Compared to before, we’re saving a full day of work every week, meaning we have more resources available for projects that directly support our mission of providing services to our clients.”
“I was really impressed with Barracuda’s multilayered approach,” said Jamie Milliken, systems analyst, Gateway Mechanical Services. “They combine the different functions needed to completely secure us vs. email threats. I also like the management interface. Even though it puts so many different capabilities at your fingertips, it’s clear and very easy to use. It all works together really well, it’s easy to use, and it’s all provided by a single, highly responsive vendor.“
“Total Email Protection is just the complete package, it’s everything we were looking for,” says Eddy Debauve, IT network infrastructure designer, Syntra. “The Sentinel AI allows us to see and stop sophisticated phishing threats, and PhishLine’s simulations and training are already working to transform our users into an extra layer of security. Meanwhile, we also get this powerful, easy-to-use cloud backup capability. Whether I’m looking to restore a single deleted email or an entire corrupted data store, it’s done in a few clicks. We haven’t seen anything else that performed at a comparable level.“
More about Barracuda’s email protection portfolio
Read the reports:
- 13 email threat types to know about right now
- Spear Phishing Top Threats & Trends
- The state of Office 365 backup
(1) Gartner: Market Guide for Email Security, September 8, 2020, Mark Harris, Peter Firstbrook, Ravisha Chugh