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.
Untangle raises $8 million round to expand overseas for open-source security appliances
Untangle has raised $8 million in a second round of funding for an overseas expansion of its open-source networking and security business.
Investors include CMEA Ventures and Rustic Canyon Ventures, the same companies that invested $10.5 million Untangle’s first round of funding, according to VentureWire. (Our previous coverage of Untangle is here).
The company has raised about $20 million to date. Based in San Mateo, Calif. and founded in 2005, the company makes network and security appliances… Continue Reading