14 DAY TRIAL // IT security, networking and storage solutions provider Barracuda Networks has filed for an initial public offering (IPO). According to the registration statement submitted to the US Securities and Exchange Commission, the company wants to sell up to $100 million (€74 million) of its common stock.
JP Morgan, Bank of America and Morgan Stanley have been named underwriters. Barracuda Networks will operate under the symbol “CUDA.”
Founded in 2003, the company initially provided anti-spam and firewall products. Now, Barracuda sells spam, email, web, and instant messaging protection solutions to customers from all over the world.
The list of products dedicated to enterprises include web filtering, application delivery controllers, next-generation firewalls, backup services, data protection, and load balancing.
For 2013, the company reported a total revenue of $198.9 million (€147 million). Back in October 2012, Francisco Partners and Sequoia Capital invested $130 million (€96 million) in the company.