Palo Alto Networks on Tuesday announced that it has entered into a definitive agreement to acquire enterprise SD-WAN solutions provider CloudGenix for roughly $420 million.
Palo Alto Networks’ Prisma Access solution enables organizations to protect remote networks and mobile users, and it provides secure access to enterprise applications.
By acquiring CloudGenix, the company wants to “accelerate the intelligent onboarding of remote branches and retail stores into Prisma Access” through the integration of CloudGenix’s SD-WAN solutions.
“This combination will extend the breadth of the Prisma Access SASE platform, address network and security transformation requirements, and accelerate the shift from SD-WAN to SASE [secure access service edge],” Palo Alto Networks said.
Palo Alto Networks expects the acquisition to close during its fiscal fourth quarter. CloudGenix co-founders Kumar Ramachandran, Mani Ramasamy and Venkataraman Anand will join Palo Alto Networks.
CloudGenix has roughly 250 customers in sectors such as healthcare, manufacturing, retail, banking, finance, hospitality and tech, including many Fortune 1000 companies.
“CloudGenix’s vision has been to revolutionize branch offices through cloud-delivered Autonomous WANs. With CloudGenix, enterprises gain cloud-scale economics for the branch office with the freedom to use any WAN, any cloud, and best-of-breed infrastructure services,” said Ramachandran, who is the CEO of CloudGenix. “By joining forces with Palo Alto Networks, we will accelerate our ability to serve customers and partners in their network and security transformation.”
Palo Alto Networks last year acquired several companies, including IoT security firm Zingbox for $75 million, security automation firm Demisto for $560 million, and cloud security firms Aporeto (for $150 million), Twistlock (for $410 million), and PureSec (for an undisclosed amount).
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