Security News > 2020 > March > Palo Alto Networks to Acquire CloudGenix for $420 Million
Palo Alto Networks on Tuesday announced that it has entered into a definitive agreement to acquire enterprise SD-WAN solutions provider CloudGenix for roughly $420 million.
Palo Alto Networks' Prisma Access solution enables organizations to protect remote networks and mobile users, and it provides secure access to enterprise applications.
"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 SASE ," Palo Alto Networks said.
Palo Alto Networks expects the acquisition to close during its fiscal fourth quarter.
Palo Alto Networks last year acquired several companies, including IoT security firm Zingbox for $75 million, security automation firm Demisto for $560 million, and cloud security firms Aporeto, Twistlock, and PureSec.