Palo Alto Networks Announces Intent to Acquire CloudGenix to Extend the Industry’s Most Comprehensive Secure Access Service Edge (SASE) Platform

Palo Alto Networks Announces Intent to Acquire CloudGenix to Extend the Industry’s Most Comprehensive Secure Access Service Edge (SASE) Platform

Under the terms of the agreement, Palo Alto Networks will pay approximately $420 million in cash to acquire CloudGenix, subject to adjustments.. The acquisition is expected to close during Palo Alto Networks' fiscal fourth quarter, subject to the satisfaction of regulatory and customary closing conditions.. To support the modern workforce, organizations need access to all applications from all locations, delivered via a global network as a service for accelerated access, and with integrated world-class security from the cloud.. Palo Alto Networks Prisma™️ Access is the industry's most comprehensive SASE platform, delivering a global cloud network with cloud-delivered security for all users.. With the proposed acquisition, Palo Alto Networks will integrate CloudGenix's cloud-managed SD-WAN products to accelerate the intelligent onboarding of remote branches and retail stores into Prisma Access.. "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.. By joining forces with Palo Alto Networks, we will accelerate our ability to serve customers and partners in their network and security transformation.".