Monday, September 28, 2009

Barracuda Networks Acquires Control Of Phion

Campbell-based Barracuda Networks, a manufacturer of content security appliances, said Monday that it has taken a controlling stake in European enterprise security firm phion AG. Barracuda did not provide financial details of the takeover, however, it said it has met an acceptance threshold of more than 75 percent of phion's shares through a public tender offer. phion developers enterprise firewall technology.