Intronis, Inc.

Company Name:
Intronis, Inc. 
Software & Services 
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Transaction Summary:
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.. 
Company Description:
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.  
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