St in downtown Ann Arbor. In July 2012, Dean Drako, Barracuda Networks's co-founder, president and CEO since it was founded in 2003, resigned his operating position, remaining on the company's board of directors. At the time of Drako's departure, the company stated it had achieved profitability, a nearly ongoing 30 annual percent growth rate since inception, 150,000 customers worldwide, nearly 1,000 employees, 10 offices, and did business in 80 countries. The company created the office of the CEO as it started a CEO search. In November 2012, long-time EMC executive William "BJ" Jenkins joined the company as president and CEO. Jenkins worked at EMC since 1998 and most recently served as president of EMC's Backup and Recovery Systems (BRS) Division. In November 2013, Barracuda Networks went public on the New York Stock Exchange under the ticker symbol CUDA. In March 2015, Barracuda Networks expanded its business to North Asia and was distributed by TriTech Distribution Limited in Hong Kong. In November 2015, Barracuda added new Next Generation Firewall to its firewall family. Barracuda has announced future discontinuation of its Copy and CudaDrive services as of May 2016. In November 2017, private equity firm Thoma Bravo announced they were taking Barracuda Networks private in a $1.6 billion buyout. In February 2018 Thoma Bravo announced that it has completed the acquisition. In April 2022, KKR announced the signing of an agreement to purchase Barracuda Networks from Thoma Bravo for about $4 billion, which completed in August that year. Products In chronological order: Email Security Gateway - In October 2003, Barracuda announced its spam and virus firewall plug-in appliance. In June 2008, Barracuda launched a spam and virus firewall for large enterprises and ISPs. Web Security Gateway - In April 2005, the company introduced its web filtering appliance to prevent spyware and viruses from gathering and transmitting user data, and to control web surfing. Load balancer ADC - In November 2006, the company introduced a load balancing appliance for high availability distribution of network traffic across multiple servers. Message Archiver - In July 2007, the company introduced message archiving to index and preserve emails, and to meet legal and regulatory compliance. SSL VPN & Remote Access - In November 2008, the company launched its secure sockets layer virtual private network product to provide secure, clientless, remote access. Web Application Firewall - Announced in February 2008, for securing Web applications for large enterprises and