Barracuda Acquiring Fyde: Details About The Deal

By Annie Baker ● November 13, 2020
  • Barracuda — a leading provider of cloud-enabled security solutions — announced it has acquired Fyde. These are the details about the deal.

Barracuda — a leading provider of cloud-enabled security solutions — announced it has acquired Fyde, which is a Zero Trust Network Access (ZTNA) provider based in Palo Alto and Porto, Portugal. This deal will expand the Barracuda CloudGen SASE platform with ZTNA capabilities. 

And the Fyde solution is available immediately as Barracuda CloudGen Access to businesses of all sizes. In the coming weeks, it will be available for Managed Service Providers.

Fyde’s Zero Trust solution enables secure, reliable, and fast access to cloud or on-premises applications and workloads from any device and location. And Fyde’s ZTNA solution addresses the security risks associated with traditional remote access by continuously verifying that only the right person with the right device and the right permissions can access company resources. This solution is ideal for connecting users directly to cloud-native and legacy corporate applications deployed in hybrid and multi-cloud environments.

Barracuda is known for providing a broad and growing portfolio of cloud-enabled network and application security solutions. And in July of this year, Barracuda launched CloudGen WAN, the industry’s first global SD-WAN service built natively on Microsoft Azure. 

Through the acquisition of Fyde, Barracuda now offers ZTNA solutions that use a modern approach to securing applications and devices by providing identity-aware access control and device-based contextual security policies. And this acquisition expands the capabilities of Barracuda’s SASE offering to help customers with digital migrations to the public cloud.

With this acquisition, Barracuda is expanding its differentiated capabilities for today’s complex IT environments, enabling security teams to address many use cases including secure single sign-on to SaaS applications, secure access to applications from BYOD devices, simultaneous access to applications located on-premises and on multiple clouds, mobile device security monitoring and protection against malicious websites, and simplified privileged access.

KEY QUOTE:

“Remote work is here to stay, cloud migrations are accelerating, and traditional corporate perimeters have disappeared. Fyde offers a powerful ZTNA solution that works on any infrastructure, any device, and with any application on a corporate network. With this acquisition, Barracuda is providing distributed businesses a new way to modernize remote access, enforce global security and access policies, and achieve seamless connectivity without compromising productivity.”

— BJ Jenkins, President and CEO at Barracuda