Barracuda Networks files for IPO of up to $100 mln

Reuters

Oct 1 (Reuters) - Barracuda Networks, a security and dataprotection company, filed for an initial public offering of upto $100 million, according to a regulatory filing on Tuesday.

Founded in 2003, the Campbell, California-based Barracudareported gross billings of $150.5 million for the six monthsending Aug. 31, according to the filing with the U.S. Securitiesand Exchange Commission.

Barracuda provides security products that protect againstmalicious content, viruses, and spam and counts Boeing Co, International Business Machines Corp, OracleCorp and Starbucks Corp among its customers.

Morgan Stanley, JP Morgan Chase & Co and Bankof America are serving as some the company'sunderwriters.

Barracuda, which intends to apply to list common stock underthe symbol "cuda," recently raised $130 million from investorsSequoia Capital and Francisco Partners.

Several security software companies have tapped the publicmarkets in recent months including FireEye Inc, whoseshares climbed 80 percent in their trading debut on Sept. 20.

Reuters reported in June that Barracuda was interviewingbanks to lead an IPO later this year.

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