Software & Services
Intronis, Inc. (NASDAQ: SWTX), a leader in providing data protection solutions to managed service providers (MSPs), a fast-growing channel delivering IT services to small and medium-sized businesses, completed its previously announced sale to Barracuda Networks, Inc. (NYSE: CUDA), a provider of cloud-connected security and storage solutions that simplify IT, in an all cash transaction. Needham & Company acted as a financial advisor to Intronis, Inc..
Intronis provides data protection solutions for small businesses, delivered exclusively through the IT channel. The Intronis ECHOplatform securely protects physical and virtual data with native support for physical imaging,VMware, Hyper-V, Exchange, and SQL, all through a re-brandable central management console that integrates with major RMM and PSA tools. With Intronis' fixed-fee storage pricing per SMB account, IT service providers are able to streamline their pricing strategy and simplify their account management.