04-02-2016, 13:48 #1
[EN] Barracuda kills CudaDrive and Copy cloud storage services
A message from Rod Mathews, VP & GM, Storage Business, regarding the Copy/CudaDrive EOL
February 1, 2016
At Barracuda we have always strived to make great products that deliver ease of use and affordability. We are constantly evaluating our product portfolio in the context of our overall strategic goals. With that in mind, we have begun a process to focus our resources on our most strategic initiatives and to drive more innovation and faster growth within those products.
As such, we have made the difficult decision to discontinue our Copy and CudaDrive services. We certainly do not take this lightly, and we appreciate the millions of customers who have used the service, as well as the hard work and dedication of our product team over the past 4+ years.
While this is a big change, the path forward is an exciting one, as the CudaDrive engineering team will be joining forces with the Barracuda Backup team to accelerate the key initiatives for that product line. There is a huge amount of opportunity in Backup, Data Protection and Business Continuity features in the cloud, and adding the talented people from the CudaDrive team will allow us to more quickly and efficiently deploy new features and satisfy market and customer demands. The combined teams are a very impressive group, and we will be able to deliver much more to our backup customers and partners going forward.
We will continue to work hard to support our users through this transition, and have put together a detailed plan to ensure that we take care of all of our partners and customers in the manner for which Barracuda is known.
If you have any questions regarding this decision or Barracuda’s strategy moving forward, please feel free to reach out to me directly at email@example.com.
VP & GM, Storage Business
04-02-2016, 13:54 #2
CudaDrive End-of-Life FAQ
Copy and CudaDrive services will be discontinued on May 1st, 2016. We understand this raises a lot of questions, and have done our best to assemble the list below to provide the answers.
February 1, 2016 – Public announcement and end of sale
May 1, 2016 – Sunset Date and service offline. Customers must move or save their data prior to this date!
1) What will happen to my account/files after the sunset date?
After May 1, 2016, all Copy and CudaDrive accounts will become inaccessible and all files will be deleted from our servers automatically. It is essential that all users move their data and/or save a copy before May 1, 2016.
2) Can I still access my files between now and May 1, 2016?
Yes, you will have full access to all of your files and all of the functionality/features until May 1, 2016.
3) I have an active subscription for service on Copy.com, what will happen to my account?
If you are on a monthly subscription, you will stop being charged for the service on February 1, 2016, and will have 90 days to move and/or save your data. If you are on an annual subscription, you will stop being charged for the service on February 1, 2016, and will be issued a prorated refund for the remainder of your subscription. You will have 90 days to move and/or save your data.
4) I'm a free Copy user, what will happen to my account?
Your account will remain active until May 1, 2016, at which point the service will be discontinued and all files and folders will be automatically deleted from our servers. Please make sure to move or save your data prior to May 1, 2016. You can find more information on how to migrate your data here.
5) I’m a Copy for Companies or CudaDrive user, what will happen to my account?
Copy for Companies and CudaDrive administrators will receive specific instructions on how to migrate their company data to another service. If you are an individual user on one of these accounts, please contact your administrator for more information.
6) How can I move or save my files?
We have created a detailed how-to guide to aid users in saving a copy of their data or moving from Copy/CudaDrive to another cloud file service. Please click here for more information.
7) Will I still be able to save new data to Copy/CudaDrive prior to the sunset date?
Yes. You will have full access to all of your data and all of the features and functionality until May 1, 2016. Please note that you will not be able to upgrade your account or buy more storage after February 1, 2016.
8) I have too much data to store locally on my computer, what do I do?
We recommend using Mover to migrate to Microsoft OneDrive. Please click here to see our step-by-step how-to guide.
04-02-2016, 14:16 #3
18 May 2015 - Can Barracuda become the big fish in a small cloud?
“Our storage product offerings are consolidated in data protection and the cloud”
18 May 2015
Interview It was a rare surprise when Bill (BJ) Jenkins left his position as boss of EMC's Backup Recovery Systems division to become CEO of Barracuda. Barracuda?
That was in late 2012 and since then Barracuda has grown, with annual revenues from full-year 2012 to 2015 increasing steadily: $161m, $199m, $234m and $277m in successive years.
Jenkins thinks Barracuda can and should reach a billion-dollar revenue level by 2020.
Here's a potted history and some background info:
- Barracuda was founded 2003 with anti-spam and virus firewall
- $40 million funding in January 2006
- Back-up service to the cloud announced in November 2008
- Acquired Yosemite and its back-up tech in January 2009
- Founding CEO Dean Drako resigns in July 2012
- BJ Jenkins becomes CEO in November 2012
- Barracuda IPOs in November 2013, raising $75 million
Barracuda is a security and data protection company that (largely) sells subscriptions to, and has a close focus on, the enterprise mid-market.
Its target customers have smallish IT departments run by IT generalists who don't have the time or resources to specialise in security, storage or any other IT discipline.
Their job is to support the business and they like to buy from suppliers who can provide end-to-end products and services with responsive and competent support and skilled channel partners.
They are, in Barracuda's view, moving irreversibly to the cloud, with more and more of their applications being cloud-based. Office 365 is the prime example. They will have a mix of on-premises IT gear and public cloud services at the moment without having their on-premises gear being totally virtualised. They are generally not all-VMware shops, for example.
Barracuda supplies a portfolio product set of security, data protection and file sync 'n' share products which are appliance-based and are moving to the cloud as well. Not all the way, though. Thus Barracuda Copy (sync 'n' share) has its equivalent CudaDrive cloud file sharing service.
This is not your average storage or backup company. It isn't like Veeam for example, nor Acronis, Assigra, Code42, EMC, Symantec or Unitrends.
We sat down with BJ and asked him some questions about Barracuda. The interview has been edited for conciseness.
El Reg: Can you talk about Barracuda and Cuda branding?
BJ: It's a naming framework we are putting in place. For a physical or virtual on-premises and connected-to-the-cloud product, we'll prefix it Barracuda. For a cloud service we'll call it Cudaxxxx; hence Barracuda Copy and CudaDrive.
El Reg: With its combination of storage and security, is Barracuda a kind of Symantec-lite?
BJ: We like to think we're more. We play in more elements of the security market. We always take the appliance delivery model from day one – Symantec being mainly software. We have a common management approach and I would rather look at us as Symantec done right.
El Reg: With Symantec splitting into separate security and storage companies, and RSA being a small player in EMC's portfolio, are storage and security complementary?
BJ: Yes, and for many reasons. Our initial mid-market customers had responsibility for security and storage. Common hardware and management appealed to them. Now we have email archiving and so forth. Some customers wanted to solve a standalone problem and then look for add-ons. A validation for us is that multi-product use is growing faster. The customers see the value.
El Reg: Can you describe the reasoning behind the big non-cash tax charge that affected the recent results?
BJ: This a completely non-cash thing. Accountancy rules concerning GAAP profitability say that if you're not profitable for three years in a row you have to write off this amount. Other SaaS companies have had to do this [such as] Salesforce."
El Reg: Will there be more acquisitions?
BJ: We try to be prudent stewards of our capital [and] we have a filter process for how we do acquisitions. We need a potential purchase to fit in our common hardware and management model and be an SaaS offering. The focus is, first, on anything that can help us in the public cloud and, second, on anything our customers say provides added value in segments adjacent to storage and security. For example, with CudaSign what gets signed gets stored.
Thirdly, in the legacy space we try to consolidate our share. If it makes financial sense we would look to consolidate there.
We also look for people that will fit in with the Barracuda family.
El Reg: Will Barracuda move beyond data protection into the general storage area?
BJ: No, I don't think so. Our storage product offerings are consolidated in data protection and the cloud. We don't see ourselves moving into primary storage on-premises. It's highly competitive and the margin structure doesn't fit.
El Reg: You are the board for Nimble Storage. Will technology like its InfoSight be implemented by Barracuda?
BJ: If you look at our tools, we continue to enhance what we have. The NG (Next Generation Firewall) roadmap has reporting and insight additions coming. Splunk has been added. You will see us partnering with Splunk and other analytics companies and we'll continue to enhance our own tools.
El Reg: Can you describe Barracuda's own cloud?
BJ: Our cloud started with security monitoring. We would do signatures and analysis in our cloud and update clients every 15 minutes or less. Barracuda has data centres in colos around the world. With back-up, we wanted an end-to-end offering and used the security cloud for offsite replication.
We bought Bitleap in 2009 and so obtained compression and deduplication technology...We are not an AWS or Azure competitor [as we offer a dedicated service]. You can have disaster recovery locally by spinning up a VM and pointing it at a back-up in our cloud.
El Reg: Does Barracuda have any interest in Big Data?
BJ: We have to wait until we see large use cases. We'll do Splunk integration for larger customers – this is where you will see Big Data integration. The reality is that we have a treasure trove of information in our cloud from mail. Down the road, customers will want to analyse it.
El Reg: Are the days of the stand-alone backup supplier over?
BJ: Backup is a universal problem. Technology drivers such as physical-to-virtual servers, the cloud, and mobility have given rise to multiple experiences [and suppliers]. They can't keep growing. Symantec, the single largest player, really missed a couple of trends, [so] I don't think all these companies can survive.
El Reg: Barracuda is a cautiously aggressive company that is growing steadily, with revenues likely to accelerate, happy customers eager to buy more products and a channel eager to sell them. This is not your traditional SMB back-up supplier, as backup was an adjacent market entered by the original Barracuda security business.
It's not surprising that other adjacent markets are being entered as well, the company management not being dyed-in-the-wool security or backup people. In every way, Barracuda looks to be a trusted company, and that extends to its financial record, which looks to exhibit prudently ambitious growth: no fireworks, do drama, just firm and directed control.
04-02-2016, 14:19 #4
Barracuda à venda
Barracuda Networks hires Morgan Stanley to find potential buyers
Mon Feb 1, 2016
Data storage services provider Barracuda Networks Inc (CUDA.N) is working with Morgan Stanley (MS.N) to look for potential buyers, Bloomberg reported, citing people familiar with the matter.
No buyers have emerged till now and a deal may not happen at all, Bloomberg cautioned.
Barracuda could not be immediately reached for comment.
The company had a market capitalization of $622.4 million as of Monday's close of $11.72. The stock has fallen nearly 70 percent in the last 12 months.