Palo Alto Networks has agreed to acquire CloudGenix, a cloud-delivered SD-WAN provider, for approximately $420 million in cash.
Palo Alto Networks aims to integrate CloudGenix’s cloud-managed SD-WAN products to accelerate the intelligent onboarding of remote branches and retail stores into Prisma Access, a SASE platform.
This deal will address network and security transformation requirements, and accelerate the shift from SD-WAN to SASE (secure access service edge).
CloudGenix has approximately 250 customers, many of which are in the Fortune 1000 and include companies in healthcare, retail, manufacturing, finance, banking, tech and hospitality. CloudGenix was named a 2020 Gartner Peer Insights Customers’ Choice for WAN Edge Infrastructure.
CloudGenix co-founders, Kumar Ramachandran, Mani Ramasamy and Venkataraman Anand, have agreed to join Palo Alto Networks.