Palo Alto Networks Acquires CloudGenix

March 31, 2020

Palo Alto Networks agreed to acquire CloudGenix, a cloud-delivered SD-WAN provider, for approximately $420 million in cash to extend its Prisma Access SASE platform. The acquisition will integrate CloudGenix’s SD-WAN technology to accelerate onboarding of remote branches and retail locations into Palo Alto Networks’ SASE offering; the CloudGenix co-founders will join Palo Alto Networks following the close, expected in the company’s fiscal fourth quarter subject to customary conditions.

Buyers
Palo Alto Networks
Targets
CloudGenix
Industry
Cybersecurity
Location
California, United States
Transaction Type
Buyout

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