RENO, Nev. -- The Reno-Tahoe Open has landed a new title sponsor and is changing its name to the Barracuda Championship under a four-year, multi-million-dollar deal with California-based Barracuda Networks Inc., tournament and PGA Tour officials announced Wednesday.
The title sponsorship is the first the 16-year-old tournament has had since 2009, when it was played for two years as the Legends Reno-Tahoe Open.
Barracuda Networks is a Campbell-based cybersecurity firm that exercised its initial public offering a day ahead of Twitter's more-ballyhooed 2013 IPO, bringing in $74.5 million. The company's stock has since more than doubled at times, pushing its valuation higher than $1.5 billion.
This year's tournament has a $3 million purse and is set for July 31-Aug. 3 at Montreux Golf & Country Club between Reno and Lake Tahoe.
Tournament director Chris Hoff said PGA Tour policy prohibits him from revealing details of the agreement but said it is in the "range" of $1 million a year.