Security vendor SonicWall has entered into an agreement to acquire Secure Socket Layer (SSL) VPN vendor Aventail for $25m.
The transaction is expected to close next month and is subject to customary conditions. According to SonicWall the deal will allow it to better meet the needs of a broader set of customers by combining the two companies’ complementary SSL VPN offerings.
Matthew Medeiros, chief executive of SonicWall, said: “The Aventail acquisition is an important step in our growth strategy. SonicWall is number one in SSL VPN unit share worldwide, and this acquisition will help grow our revenue share. We will compete more effectively in the remote access space, building on complementary elements in our two organisations and offer new solutions that enhance our relevance for today’s dynamic enterprise.”
Evan Kaplan, chief executive at Aventail, added: “SonicWall has a strong history of innovation and a successful go-to-market strategy through its worldwide channel, which offers a wide variety of products relevant to Aventail’s customers and channel partners. Our combined product sets and expertise offer great potential for future cross-development and growth.”
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