Barracuda delivers strong growth in cloud email security

Barracuda 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, Barracuda’s advanced 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 machine learning to counter the increased sophistication of advanced email threats, Sentinel annual recurring revenue grew 40 percent year-over-year at the end of Q4 FY2021.

Email protection solutions achieved notable revenue growth in EMEA (Europe, Middle East and Africa) markets with annual recurring revenue for email protection solutions growing in aggregate 65 percent year-over-year at the end of Q4 FY2021.

“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, at Barracuda “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 (SEG) by either replacing them or supplementing them with complementary capabilities via API integration.”