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Barracuda Networks Refutes Speculation Regarding SonicWALL Acquisition

Campbell, Calif., June 24, 2010 – Barracuda Networks Inc., a leading provider of security, storage and networking solutions, today issued a statement regarding the industry speculation that the company is involved in acquisition discussions with SonicWALL (Nasdaq: SNWL).

“The recent speculation that Barracuda Networks is involved in negotiations with SonicWALL is unfounded,” said Dean Drako, president and CEO of Barracuda Networks. “We have completed a number of successful acquisitions, including a public company, so it is not surprising that some in the industry are speculating we are engaged in these discussions; however, we are not having any such discussions. Barracuda Networks is focused on the sales and marketing execution for the products that we have acquired, in particular the Barracuda NG Firewall which delivers the next generation of firewall technology.”

Barracuda Networks has made several acquisitions in the security space, most recently with the acquisitions of phion AG, a leading vendor in the next generation firewall space based in Austria, and Purewire, an emerging Web Security-as-a-Service vendor based in Atlanta. In 2007, Barracuda Networks acquired NetContinuum, a leader in the Web Application Firewall market. These three acquisitions complement the company’s own security solution suite – including the Barracuda Spam & Virus Firewall, Barracuda Web Filter and Barracuda IM Firewall. Three additional acquisitions were made in 2008 outside the security space.

About Barracuda Networks Inc.
Barracuda Networks Inc. combines premises-based gateways and software, cloud services, and sophisticated remote support to deliver comprehensive security, networking and storage solutions. The company’s expansive product portfolio includes offerings for protection against email, Web and IM threats as well as products that improve application delivery and network access, message archiving, backup and data protection. Coca-Cola, FedEx, Harvard University, IBM, L'Oreal, and Europcar are among the more than 100,000 organizations protecting their IT infrastructures with Barracuda Networks’ range of affordable, easy-to-deploy and manage solutions. Barracuda Networks is privately held with its International headquarters in Campbell, Calif. For more information, please visit www.barracudanetworks.com.