Barracuda Networks Acquires SignNow to Fuel Cloud Data Storage Growth

Leading Mobile Document Signing Provider Brings Over One Million Users, Three Million Documents Stored and Shared

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May 22, 2013, 09:00 ET

CAMPBELL, Calif., May 22, 2013 /PRNewswire/ -- Barracuda Networks, Inc. today announced that it has acquired SignNow, a leading mobile signing and document storage platform provider. SignNow recently surpassed one million users, quadrupling its active users in the last year and representing over 100,000 small businesses and over half of the Fortune 500. Additionally, SignNow has surpassed three million digitally certified and signed documents, bringing significant expansion and expertise to help fuel Barracuda's cloud data storage growth.

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"The SignNow acquisition strengthens our offering in cloud data storage and continues our focus on providing simple, yet powerful and affordable IT solutions," said BJ Jenkins, CEO of Barracuda Networks. "SignNow has experienced phenomenal growth, and we are looking forward to bringing it into our fully integrated suite of cloud and on-premise security and storage solutions."

According to The Forrester Wave: E-Signatures, Q2 2013, electronic signatures are gaining momentum due to rapidly evolving consumer technology and the need to reduce transaction costs and the time to close business. As mobile devices, including smartphones, tablets and touchscreens, become ubiquitous, electronic signing is becoming simpler, more accessible, and less expensive. SignNow was designed from the ground up to address the rapidly changing and increasing mobile nature of business today.

"We started SignNow to make it easy for businesses to get documents signed from any device," said Chris Hawkins, founder of SignNow, Inc. "We've built incredibly strong momentum, including seeing the number of paying customers double over the last three months. This is an important milestone for us and I'm certain that being part of the Barracuda team will accelerate our growth."

"Barracuda solves the challenges of rising complexity in IT by delivering radical simplicity and affordability across its suite of subscription offerings," said Jim Goetz, partner at Sequoia Capital. "We are thrilled to welcome SignNow as the next in our series of offerings that help our customers succeed."

SignNow will be integrated into Barracuda's Storage business unit, a move to strengthen the company's cloud data storage growth. This acquisition comes on the heels of Barracuda's announcement last week that it currently is tripling the amount of free cloud storage for Copy users from 5GB to 15GB. Copy is a new online file syncing, sharing and storage service built on the secure Barracuda Cloud. Since its public debut less than 90 days ago, Copy already has surpassed half a million users worldwide. Copy users now can benefit not only from the current offer of 15GB of free storage, but also from the Copy referral program, where users can earn 5GB of additional free storage for both themselves and for each new referral, as well as the "Fair Storage for All" initiative, where users are able to control which files count against their storage capacity. Visit Copy.com for more details and additional terms for all current Copy programs.

SignNow by Barracuda is an easy-to-use platform that allows users to sign and send documents from anywhere or any device. The service is free of charge for up to five documents per month, and allows users to:

Instantly sign and send documents – improve document turnaround by up to 90 percent, enabling document signing in under 30 seconds for customers, partners, or employees.
Centralize corporate agreement archives – gain control over document signing workflow, with additional insight, auditing and tracking from anywhere.
Simplify document signing and increased cost savings – increase productivity and cost savings, removing the need to email, print, fax or ship important documents.

Resources
SignNow Blog: http://blog.signnow.com/

The SignNow application is available free of charge in the Apple App Store for iOS devices (https://itunes.apple.com/us/app/signnow/id489262811) and on Google Play (https://play.google.com/store/apps/details?id=com.signnow.android) for Android devices.

Copy is available at Copy.com (http://www.copy.com) and by installing the free software (http://www.copy.com/install). Copy also is available as a free app in the Apple App Store (https://itunes.apple.com/us/app/copy-for-ios/id546789632) for iOS devices and on Google Play (https://play.google.com/store/apps/details?id=com.copy) for Android devices.

About Barracuda Networks, Inc.
Protecting users, applications, and data for more than 150,000 organizations worldwide, Barracuda Networks has developed a global reputation as the go-to leader for powerful, easy-to-use, affordable IT solutions. The company's proven customer-centric business model focuses on delivering high-value, subscription-based IT solutions for security and storage. For additional information, please visit http://www.barracuda.com or follow us on Twitter @barracuda.

Barracuda Networks, SignNow, and the Copy logo are either trademarks or registered trademarks of Barracuda Networks in the US and abroad.

Contacts:
Mary Catherine Petermann
404-307-6290
[email protected]

SOURCE Barracuda Networks, Inc.