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TMCNet: Barracuda Networks acquires controlling interest in phion

[October 01, 2009]

Barracuda Networks acquires controlling interest in phion

Oct 01, 2009 (Datamonitor via COMTEX) -- Barracuda Networks, a US-based developer of content security appliances, has announced the successful completion of the voluntary public takeover bid of phion, an Austria-based provider of enterprise security solutions, as a result of meeting the acceptance threshold of more than 75% of the phion shares through the recently completed public tender offer.

According to Barracuda, the phion customers will benefit from its worldwide network of sales and support operations newly extended to phion products.

Dean Drako, president and CEO of Barracuda Networks, said: "phion has defined the next generation of enterprise firewall technology, bringing the security, management, and reliability features needed to thwart today's ever-changing threat environment. phion's technology combined with Barracuda Networks' world class marketing, sales and support infrastructure will bring this next generation of firewall technology to the more than 85,000 Barracuda Networks customers worldwide." Wieland Alge, CEO of phion, said: "Barracuda Networks is a well-established global brand, and we believe that Barracuda Networks' expansive channel presence and commitment to the customer experience will help to accelerate the global traction of the phion product offerings." http://www.datamonitor.com Republication or redistribution, including by framing or similar means, is expressly prohibited without prior written consent. Datamonitor shall not be liable for errors or delays in the content, or for any actions taken in reliance thereon

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