On March 31, 2020, Palo Alto Networks, a global leader in cybersecurity, announced that it has entered into a definitive agreement to acquire CloudGenix, a provider of cloud-delivered SD-WAN. Wilson Sonsini Goodrich & Rosati advised CloudGenix in the agreement.

Under the terms of the agreement, Palo Alto Networks will pay approximately $420 million to acquire CloudGenix, subject to adjustments. The acquisition will allow Palo Alto Networks to integrate CloudGenix’s cloud-managed SD-WAN products, which will accelerate the intelligent onboarding of remote branches and retail stores into Prisma™ Access, Palo Alto Networks’ cloud-based firewall and the industry’s most comprehensive “secure access service edge” (SASE) platform. According to Nikesh Arora, the chairman and CEO of Palo Alto Networks, “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.”

The Wilson Sonsini team advising CloudGenix includes the following attorneys:

Corporate/M&A
Raj Judge
Ethan Lutske
Jonathan Chan

IP—Technology Transactions
Christopher Paniewski
Barclay Oudersluys

Tax
Gregory Broome, Partner

Employee Benefits & Compensation
Madeleine Boshart, Partner

Antitrust
Ben Labow
Lindsey Edwards

Employment Litigation
Briza Sanchez
Neil Gulyako

Privacy
Matt Staples
Daniel Chen

Real Estate
James McCann
Martin Sul

Export Controls
Anne Seymour

Regulatory
Seth Cowell

Please see the recent press release for more information.