Global cybersecurity leader Palo Alto Networks has entered into a definitive agreement to acquire CloudGenix for approximately $420 million. CloudGenix’s portfolio includes an autonomous SD-WAN solution, app performance services, cloud and SaaS adoption services, and network and application visibility.
“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. We thank our customers for making us an industry leader in enterprise SD-WAN. By joining forces with Palo Alto Networks, we will accelerate our ability to serve customers and partners in their network and security transformation,” said Kumar Ramachandran, co-founder and CEO of CloudGenix.
According to Palo Alto, with more and more apps moving from corporate data centers to cloud and SaaS solutions, organizations are struggling to provide and manage access for its distributed workforce. In addition, remote access solutions are complex, costly and insecure.
The company’s Prisma Access SASE platform aims to address those challenges with a global cloud network and cloud security. The integration of CloudGenix’s cloud-managed SD-WAN solutions will help Palo Alto provide intelligent onboarding of remote branches and retail stores.
“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 SAS,” the company wrote in a statement.
Palo Alto Networks’ chairman and CEO Nikesh Arora added: “As 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.”