Palo Alto Networks to acquire CloudGenix

Palo Alto Networks announced it has agreed to acquire CloudGenix. The acquisition deal size is around $420 Million in cash.

Founded in 2013, San Jose, California based CloudGenix is software-defined wide-area network (SD-WAN) leader. The company transforms legacy WAN into a radically simplified, secure application-defined fabric, and virtualizing heterogeneous underlying transports into a unified hybrid WAN. To date, CloudGenix has raised a total of $99M in funding over 4 rounds, according to Crunchbase.

Executive Opinion

Chairman and CEO, Palo Alto Networks, Nikesh Arora, said, "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."

Co-founder and CEO, CloudGenix, said, "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."

Palo Alto Networks and CloudGenix

Palo Alto Networks intends to integrate CloudGenix’s cloud-managed SD-WAN products to onboard remote branches and retail stores intelligently into Palo Alto Networks Prisma Access offering.

Palo Alto Networks Prisma Access is a comprehensive secure access service edge or SASE platform. It delivers a global cloud network with cloud-delivered security for all users.

The integration will extend Prisma Access SASE platform to address network and security transformation requirements, and accelerate the shift from SD-WAN to SASE, notes the announcement.

Subject to regulatory conditions, the acquisition will close in Palo Alto Networks’ fiscal fourth quarter.