Barracuda Networks Listed as a Red Herring Top 100 Winner; Award Recognizes the 100 Private...

MOUNTAIN VIEW, Calif. -- Barracuda Networks, Inc., the leading provider of enterprise-class spam firewall solutions, today announced that it has been listed on the prestigious "Red Herring 100 North America" listing. Each year Red Herring recognizes the top 100 privately held companies

"With venture capital flowing again, we're seeing a lot of innovative new companies taking on the established players with disruptive technologies and innovative business plans," said Joel Dreyfuss, editor-in-chief of Red Herring. "The Red Herring 100 North America companies, among them Barracuda Networks, are pushing and breaking the boundaries of the technology business and we are excited to report on their success stories."

Red Herring's lists of top private companies are an important part of the magazine's tradition of identifying new and innovative technology firms and entrepreneurs. Numerous industry-changing companies, such as Google and eBay, were recognized in their early days by Red Herring editors as those that would change the way we live and work.

"It is an honor to be named to this prestigious list, which has consistently sought out and spotlighted flourishing private companies that have become industry giants," said Dean Drako, president and CEO of Barracuda Networks. "This award demonstrates our dedication to innovation and continued advancement of our technology, which has propelled Barracuda Networks into a market-leading position in the network security appliance space."

After receiving more than 1,000 submissions and nominations, Red Herring's editorial staff rigorously evaluated Barracuda Networks and the other contenders through a careful analysis of financial data and subjective criteria, including quality of management, execution of strategy, and dedication to research and development. The Red Herring 100 North America companies are at the forefront of the technologies that are changing our lives in profound ways.

As one of the winners, Drako will present a corporate overview at the exclusive Red Herring Spring 2006 CEO Summit, May 23-25 in Monterey, Calif., where a select group of 300 technology entrepreneurs, investors, and corporate developers will gather. Drako's presentation will take place at 12 p.m. on May 25 at the Hyatt Regency Hotel in Monterey. Drako will also participate in a panel discussion on "Business Worms: The Shift From Juvenile Mayhem to Targeted Theft" with other industry experts at 5:30 p.m. on May 24. For more information on the Red Herring Spring 2006 CEO Summit, visit www.herringevents.com/rhspring06.

About Barracuda Networks, Inc.

Barracuda Networks is the leading provider of enterprise-class spam firewall solutions for comprehensive email protection. Its flagship products, the Barracuda Spam Firewall and Barracuda Spam Firewall - Outbound, provide spam and virus protection for over 30,000 customers around the world, including Adaptec, Caltrans, CBS, Georgia Institute of Technology, IBM, Knight Ridder, NASA, Pizza Hut, Union Pacific Railroad Company, and the U.S. Treasury Department. In addition, Barracuda Networks offers the Barracuda Spyware Firewall for complete network protection against spyware, malware and viruses and the Barracuda IM Firewall, the only all in one gateway solution for IM traffic management and security. Barracuda Networks is a privately held company with headquarters in Mountain View, California. Barracuda Networks has offices in eight international locations and distributors in over 43 countries. More information is available at www.barracudanetworks.com.

About Red Herring Spring 2006

Red Herring Spring 2006 will assemble 300 of the continent's most innovative and successful CEOs, investors, and corporate developers and feature a dynamic group of over 100 speakers that are pushing and breaking the boundaries of the business of technology. Themed "The Pursuit of Disruption," it will be held May 23-25 in Monterey, Calif. More information is available online at www.herringevents.com/rhspring06.

About Red Herring

Red Herring is a sophisticated insider's guide to the business of technology, featuring unparalleled insights on the emerging technologies driving the economy, from the Internet to wireless communications and digital entertainment. Red Herring's journalists report on how innovation and entrepreneurship are transforming business and how the business of technology is transforming the world, providing readers with a deep understanding of venture capital and capital markets. Recognized as an essential resource in today's fast-changing business world, Red Herring gets the right answers before anyone else even thinks to ask the questions. More information on Red Herring is available on the Internet at www.redherring.com.