Intronis, Inc.

Intronis, Inc. delivers cloud-based data protection solutions tailored for managed service providers (MSPs), enabling them to efficiently safeguard client data against various cyber threats and ensuring business continuity. Founded in 2003 and headquartered in Boston, US, Intronis, Inc. specializes in cloud backup and recovery solutions for MSPs.

In September 2015, the company was acquired by Barracuda Networks, a portfolio company of Francisco Partners and Sequoia Capital. The latest funding round is a Series B in which the company raised USD 12. 00 mn, led by Greenspring Associates, bringing the total amount raised to USD 12. 00 mn.

The firm has been involved in 5 total deals since its inception. Intronis, Inc. provides a suite of cloud-based data protection solutions designed specifically for managed service providers (MSPs). Their offerings include comprehensive backup and recovery services that protect client data against accidental and malicious loss, including ransomware threats, while ensuring business continuity.

The company focuses on delivering tailored solutions that cater to the operational needs of small to medium-sized businesses (SMBs) and larger enterprises across various geographical markets. Intronis, Inc. generates revenue primarily through subscription-based models for its backup and recovery solutions, engaging clients through various service packages. These packages may include standalone products or bundled solutions that promote long-term partnerships, thus ensuring consistent monthly recurring revenue (MRR) for the company.

Notable solutions contributing to revenue streams include their cloud backup and recovery services, which are essential for maintaining robust data protection for clients. Intronis, Inc. is set to expand its product offerings by designing new enhancements to its cloud backup and recovery services aimed at improving data security for MSPs. The company plans to enter new markets across Europe and the Asia-Pacific region by 2025, utilizing the recent funding from the Series B round to support these initiatives.

The acquisition by Barracuda Networks in September 2015 positions Intronis to leverage Barracuda's resources and technology to accelerate growth and innovation.