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Announced

Completed

Palo Alto Networks completed the acquisition of CloudGenix, from Bain Capital for $420m.

Financials

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Transaction Value£320m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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SD-WAN provider

Majority

Acquisition

Friendly

Data Centers and Hosting

Private

Single Bidder

United States

Completed

Private Equity

Domestic

Synopsis

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Palo Alto Networks, a global cybersecurity provider, completed the acquisition of CloudGenix, a cloud-delivered SD-WAN provider, from Bain Capital, a private equity firm for $420m. "As the enterprise becomes more distributed, customers want agile solutions that just work, and that applies to both security and networking. Upon the close of the transaction, the combined platform will provide customers with a complete SASE offering that is best-in-class, easy to deploy, cloud-managed, and delivered as a service," Nikesh Arora, Palo Alto Networks Chairman and CEO.

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