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Thursday, May 18, 2017
Expansion receives support from Michigan Strategic Fund and Ann Arbor SPARK
LANSING, Mich. – Barracuda Networks, Inc. is expanding in Ann Arbor with support from the Michigan Strategic Fund and Ann Arbor SPARK, the Michigan Economic Development Corporation announced today. The project will generate a total capital investment of $2.3 million and create 115 new jobs.
“Barracuda’s investment means Michigan residents will have good job opportunities that could well have gone to other states,” said Steve Arwood, CEO of the Michigan Economic Development Corporation, the state’s chief marketing and business attraction arm that administers programs and performs due diligence on behalf of the MSF.
“The company’s decision to expand in Ann Arbor demonstrates that our business climate and our state’s world-class talent make Michigan a top destination for tech companies to locate, expand and grow new jobs.”
Barracuda Networks, Inc. is a leading provider of powerful, easy-to-use security and data protection solutions. The company offers cloud-enabled solutions that enable customers to address security threats, manage network performance, and protect and store their data. Its solutions are designed to manage information technology operations for its customers.
Barracuda is experiencing increased market demand and growing needs for its products and plans to expand its operations in the city of Ann Arbor. The project is expected to generate $2.3 million in capital investment and create 115 jobs related to computer terminal and other computer peripheral equipment manufacturing. As a result, the company has been awarded a $750,000 Michigan Business Development Program performance-based grant. Michigan was chosen over competing sites in Georgia and California.
“Ann Arbor is a tremendous place to do business and build innovative products. We benefit greatly from the growing tech community, the vibrant downtown area, and the many fine universities across the state of Michigan that produce top engineering talent,” said Rod Mathews, senior vice president and general manager, data protection at Barracuda. “We are excited to expand our presence and investment in the Ann Arbor community and the state.”
Ann Arbor SPARK is offering talent awareness support to the project as Barracuda looks to add new members to their team. Individuals interested in careers with Barracuda should visit https://www.barracuda.com/company/careers.
“Barracuda has been a long-time supporter of Ann Arbor, and it’s exciting to see the company continue to thrive here,” said Paul Krutko, president and CEO of Ann Arbor SPARK. “Barracuda is an active participant in our tech ecosystem and draws attention to the great innovation-based careers available in the Ann Arbor region. Ann Arbor SPARK will continue to support Barracuda as it grows.”
About Michigan Economic Development Corporation (MEDC)
The Michigan Economic Development Corporation is the state’s marketing arm and lead advocate for business development, job awareness and community development with the focus on growing Michigan’s economy. For more information on the MEDC and our initiatives, visit www.MichiganBusiness.org. For Pure Michigan® tourism information, your trip begins at www.michigan.org. Join the conversation on: Facebook Instagram LinkedIn, and Twitter.
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