{"id":17890,"date":"2020-03-31T18:42:32","date_gmt":"2020-03-31T18:42:32","guid":{"rendered":"https:\/\/rbsitsoftwaresolution.com\/blog\/palo-alto-networks-to-acquire-cloudgenix-for-420m.html"},"modified":"2020-03-31T18:42:32","modified_gmt":"2020-03-31T18:42:32","slug":"palo-alto-networks-to-acquire-cloudgenix-for-420m","status":"publish","type":"post","link":"https:\/\/www.rbsitsoftwaresolution.in\/blog\/palo-alto-networks-to-acquire-cloudgenix-for-420m.html","title":{"rendered":"Palo Alto Networks to acquire CloudGenix for $420M"},"content":{"rendered":"

Palo Alto Networks<\/a> announced today that it has an agreement in place to acquire CloudGenix<\/a> for $420 million.<\/p>\n

CloudGenix <\/a> delivers a software-defined wide area network (SD-WAN) that helps customers stay secure by setting policies to enforce compliance with company security protocols across distributed locations. This is especially useful for companies with a lot of branch offices or a generally distributed workforce, something just about everyone is dealing with at the moment as we find millions suddenly working from home.<\/p>\n

Nikesh Arora, chairman and CEO at Palo Alto Networks, <\/a> says that this acquisition should contribute to Palo Alto\u2019s \u201csecure access service edge,\u201d or SASE solutions, as it is known in industry parlance.<\/p>\n

\u201cAs the enterprise becomes more distributed, customers want agile solutions that just work, and that applies to both security and networking. 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,\u201d Arora said in a statement.<\/p>\n

CloudGenix was founded 2013 by Kumar Ramachandran, Mani Ramasamy and Venkataraman Anand, all of whom will be joining the company as part of the deal. It has 250 customers across a variety of verticals. The company has raised almost $100 million, according to PitchBook data<\/a>.<\/p>\n

Palo Alto Networks has been on an acquisitive streak. Going back to February 2019, this represents the sixth company it has acquired, to the tune of more than $1.6 billion overall.<\/p>\n<\/p>\n

The acquisition is expected to close in the fourth quarter, subject to customary regulatory approvals.<\/p>\n

\n

Palo Alto Networks to acquire container security startup Twistlock for $410M<\/a><\/p>\n<\/blockquote>\n

\n

Article source: http:\/\/feedproxy.google.com\/~r\/techcrunchIt\/~3\/WA4wCi57q_g\/<\/p>","protected":false},"excerpt":{"rendered":"

Palo Alto Networks announced today that it has an agreement in place to acquire CloudGenix for $420 million. CloudGenix delivers a software-defined wide area network (SD-WAN) that helps customers stay <\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[19],"tags":[25],"class_list":["post-17890","post","type-post","status-publish","format-standard","hentry","category-enterprise-software","tag-enterprise"],"aioseo_notices":[],"aioseo_head":"\n\t\t\n\t\n\t\n\t\n\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t