Palo Alto Networks announced today that it has a contract in place to obtain CloudGenix for $420 million.

CloudGenix delivers a software-defined broad location network (SD-WAN )that helps clients remain safe and secure by setting policies to implement compliance with business security protocols across distributed places. This is specifically beneficial for business with a great deal of branch workplaces or a generally distributed labor force, something practically everyone is dealing with at the minute as we find millions all of a sudden working from home.

Nikesh Arora, chairman and CEO at Palo Alto Networks, says that this acquisition must contribute to Palo Alto’s”secure access service edge,” or SASE services, as it is understood in industry parlance.

“As the business ends up being more distributed, clients want agile services that just work, and that uses to both security and networking. Upon the close of the deal, the combined platform will offer consumers with a complete SASE offering that is best-in-class, simple to deploy, cloud-managed, and delivered as a service,” Arora said in a statement.

CloudGenix was established 2013 by Kumar Ramachandran, Mani Ramasamy and Venkataraman Anand, all of whom will be joining the business as part of the deal. It has 250 customers across a variety of verticals. The business has actually raised practically $100 million, according to PitchBook information. Palo Alto Networks has been on an acquisitive streak. Going back to February 2019, this represents the 6th company it has obtained, to the tune of more than $1.6 billion general.

The acquisition is expected to close in the 4th quarter, based on traditional regulatory approvals.

Article curated by RJ Shara from Source. RJ Shara is a Bay Area Radio Host (Radio Jockey) who talks about the startup ecosystem – entrepreneurs, investments, policies and more on her show The Silicon Dreams. The show streams on Radio Zindagi 1170AM on Mondays from 3.30 PM to 4 PM.