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New Deal


Announced

Infoblox to acquire SnapRoute.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Acquisition

Pending

United States

Software

Private

software development

Majority

Friendly

Single Bidder

Synopsis

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Infoblox, a privately held IT automation and security company based in California's Silicon Valley, agreed to acquire SnapRoute, a software company in Santa Clara, California. Financial terms were not disclosed. “We recognize that the future is in the cloud, and to meet customer demands for flexibility, scalability, adaptability, enhanced security and speed, it will become increasingly important for network and security services to be cloud-native. We are thrilled to welcome the SnapRoute team as we work together to leverage their innovative technology and IP to rapidly expand the services we offer on our BloxOne™ platform,” Jesper Andersen, Infoblox President and CEO.

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