Barracuda To Buy Intronis

(RTTNews) - Barracuda Networks Inc (CUDA) on Tuesday agreed to buy privately held Intronis Inc, a provider of data protection solutions to managed service providers ("MSP"). The financial terms of the deal were not disclosed.

This acquisition is expected to greatly expand Barracuda's channel reach with the addition of nearly 2,000 MSPs and a purpose-built platform designed to streamline how MSPs service the data protection needs of their customers.

The transaction is expected to close in Barracuda's fiscal third quarter.

With its focus on the MSP channel since 2009, Intronis has grown to service the needs of nearly 2,000 MSP partners who manage the IT requirements for more than 36,000 customers.