Global cybersecurity firm Palo Alto Networks on Tuesday announced that it has entered into an agreement to acquire CloudGenix, an industry-leading cloud-delivered SD-WAN provider, for approximately $420 million in cash.
Palo Alto Networks' Prisma Access Secure Access Service Edge (SASE) platform delivers a global cloud network with cloud-delivered security for all users. With the proposed acquisition, Palo Alto Networks will integrate CloudGenix’s cloud-managed SD-WAN products to accelerate the intelligent onboarding of remote branches and retail stores into Prisma Access. 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.
Nikesh Arora, Chairman and CEO, Palo Alto Networks
Upon the close of the transaction, the combined platform will provide customers with a complete SASE offering that is best-in-class, easy to deploy, cloud-managed, and delivered as a service.
Kumar Ramachandran, Co-founder and CEO, CloudGenix
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. We thank our customers for making us an industry leader in enterprise SD-WAN.
