SonicWALL agree to acquire Aventail Corporation, a Seattle-based, privately-held provider of SSL VPN remote access solutions, for approximately $25 million in cash.
SonicWALL already offers a complementary SSL VPN solution. Aventail specializes in higher-end SSL VPN enterprise control deployments, while SonicWALL offer a suite of appliances designed for small and mid-sized organizations.
"This is an exciting move for Aventail, and we look forward to serving an expanding customer base even more effectively as a result of the acquisition," said Evan Kaplan, president and chief executive officer at Aventail.
SonicWALL said it will continue to rely on its worldwide channel network and two-tier distribution model. SonicWALL plans not only to sustain but also grow the current feature sets of both companies' products and will additionally pursue opportunities for cross pollination of technologies across both product lines as well as synergistic opportunities to enter new and separate product areas.
http://www.sonicwall.com
http://www.aventail.com
Monday, June 11, 2007
SonicWALL to Acquire Aventail for SSL VPN Remote Access Solutions
Monday, June 11, 2007
Financial