Barracuda Networks teams with CMS to expand operation in UK
Barracuda Networks is a provider of cloud-enabled security and data protection solutions, and it’s looking to expand further throughout the UK and Ireland. To do that, it plans to bring in more “Managed Service Providers” (MSPs) to Barracuda’s partner program, letting them roll out Barracuda’s product through various business networks. Helping it find these MSPs will be CMS Distribution, with whom Barracuda has signed a new agreement – the company is hoping that CMS will be the missing link in establishing a pool of people to sell on its “award-winning technology and 24x7 monitoring and management professional services.”
Barracuda’s share price is up by 11% so far this year
SOURCE: Yahoo Finance
Barracuda’s chasing some big business: a new report from Markets & Markets suggests that the global managed security service market will be worth $33.7 billion by 2021, and is undergoing growth of 15% per year (CAGR).
Jason Howells, Barracuda’s director of EMEA MSP sales, said: “CMS’s sector-leading MSP relationships and experience complement our partner capabilities and working together will enable us to capitalise on growth opportunities across the United Kingdom. We are aligned to support rapid market adoption of managed security and data protection services globally, providing committed MSP partners with an advantage.”
Justin Griffiths, group director of software solutions at CMS Distributions, said:
“We feel that Barracuda MSP offers a stable and scalable platform for our partners who are interested in breaking into the MSP market and to our existing MSP partners wanting to expand their portfolio.”
“With no upfront investment and an easy to use platform, Barracuda MSP encompasses security and data protection via both on premise and in the cloud offerings. With the development of our automated billing tool assisting in the organic growth of our MSP partner base over the last year, both CMS Distribution and Barracuda MSP are excited to work together.”
Dominion holds Barracuda Networks in its Global Trends Ecommerce Fund.
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