|By Security News Desk||
|January 10, 2006 06:00 AM EST||
On Monday, Barracuda Networks announced in a Press release that it had secured investment worth $40 million. The company said this was a first of its kind investment. Barracuda Networks, is a Mountain View based provider of ISSJ services such as firewall products to block e-mail spam and viruses. The company said the financing came from Sequoia Capital and Francisco Partners. The two financiers are based in Menlo Park.
Sequoia Capital, the company said, has provided financing for Cisco systems, Google, Netscreen and Yahoo!. On the other hand, Francisco Partners, was found by a Technology investment banker, Sandy Robertson.
Dean Drako, president and CEO, Barracuda Networks said, "Sequoia Capital and Francisco Partners have a wealth of experience from their hundreds of successful companies that will be valuable as we take Barracuda Networks to the next level."
Barracuda Networks was formed in 2002, and released its first spam firewall product in 2003. The company says it has around 30,000 customers.
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