Barracuda Networks Named a Finalist for the ''Red Herring 100 North America'' Awards; Most-Promising Technology Ventures Will Be Honored at the Red Herring Spring 2006 CEO Summit.

MOUNTAIN VIEW, Calif. -- Barracuda Networks, Inc., the leading provider of enterprise-class spam firewall solutions, today announced it has been short-listed as one of the top 200 contenders for Red Herring's annual "Red Herring 100 North America" list.

Over 1,000 privately held technology companies submitted to this year's edition of the prestigious award, giving evidence to the invigorated innovative and entrepreneurial strength of the technology ecosystem.

"We can see the resurgence of the tech sector reflected in the quantity and variety of excellent companies that we had to choose from in putting our list together," said Joel Dreyfuss, editor-in-chief of Red Herring. "It was difficult to choose the 200 finalists and we are very happy with the stellar quality of the companies on this short-list."

Founded in 2002, Barracuda Networks quickly became a market-dominating force in the anti-spam and anti-virus markets, largely due to a combination of the company's dedication to its customers and partners, talented engineering team, and innovative marketing and sales strategies.

"Our inclusion as a finalist for the 'Red Herring 100 North America' list acknowledges the strength and continued success of Barracuda Networks," said Dean Drako, president and CEO of Barracuda Networks. "We are thrilled that Red Herring has named us as one of the top contenders."

The "Red Herring 100 North America" award is an important part of Red Herring's tradition of recognizing new and innovative technology firms and their entrepreneurial founders. Barracuda Networks and the other nominees were rigidly evaluated on both quantitative and qualitative criteria such as financial performance, technology innovation, quality of management, execution of strategy, and integration into their industry's ecosystem. Companies selected to the final "Red Herring 100 North America" list will be announced in the May 22 issue of Red Herring.

As part of this tradition to honor innovation and entrepreneurship in the business of technology, Red Herring will again host "Red Herring Spring," a two day invitation-only summit for the CEOs and founders of the Red Herring 100 North America winners and finalists in Monterey, Calif. Further information regarding the event and how to register is available at http://www.herringevents.com/rhspring06.

About Barracuda Networks, Inc.

Barracuda Networks is the leading provider of enterprise-class spam firewall solutions for comprehensive email protection. Its flagship products, the Barracuda Spam Firewall and Barracuda Spam Firewall - Outbound, provide spam and virus protection for over 30,000 customers around the world, including Adaptec, Caltrans, CBS, Georgia Institute of Technology, IBM, Knight Ridder, NASA, Pizza Hut, Union Pacific Railroad Company, and the U.S. Treasury Department. In addition, Barracuda Networks offers the Barracuda Spyware Firewall for complete network protection against spyware, malware and viruses and the Barracuda IM Firewall, the only all in one gateway solution for IM traffic management and security. Barracuda Networks is a privately held company with headquarters in Mountain View, California. Barracuda Networks has offices in eight international locations and distributors in over 43 countries. More information is available at www.barracudanetworks.com.

About Red Herring

Red Herring is a sophisticated insider's guide to the business of technology, featuring unparalleled insights on the emerging technologies driving the economy, from the Internet to wireless communications and digital entertainment. Red Herring reports on how innovation and entrepreneurship are transforming business and how the business of technology is transforming the world, providing readers with a deep understanding of venture capital and capital markets. Recognized as an essential resource in today's fast-changing business world, Red Herring gets the right answers before anyone else even thinks to ask the questions. More information on Red Herring is available at www.redherring.com.