SINGAPORE – Media OutReach Newswire – January 4, 2024 –
SonicWall, a global leader in cybersecurity, today announced the acquisition of Banyan Security, a leading provider of advanced security solutions (ESS) for the modern workforce. This acquisition strengthens SonicWall’s portfolio by adding the Zero Trust security relied upon by leading Fortune 100 companies to small businesses that replace existing architectures for SSE solutions, including Zero Trust Network Access (ZTNA).
“Cybersecurity’s focus is now shifting to more dynamic solutions that can adapt to the ever-changing threat landscape in the cloud era,” said Bob Vankirk, president and CEO of SonicWall. “For years, firewalls have been the cornerstone of cybersecurity defenses. However, with the rise of cloud computing and Secure Access Service Edge (SASE), the industry is now focusing on more comprehensive and flexible approaches that include SSE and ZTNA as a necessity. Together, SonicWall and Banyan Security will deliver cloud-based Secure Access Service Edge (SASE) solutions that enable partners to provide security architecture for any stage of their customers’ cloud journey evolution.
Banyan’s technology further extends SonicWall’s portfolio to the cloud and provides partners and their customers more flexibility, which is essential to the continued development of SonicWall’s cybersecurity platform.. The acquisition aligns with SonicWall’s “best suite” strategy, which includes network, endpoint, wireless, cloud messaging and threat intelligence, under a single, multi-tenant portal. The platform also simplifies workflows and provides unified threat visibility, allowing service providers and end users to focus on what really matters.
“For decades, SonicWall has played a pivotal role in supporting its partners by providing industry-leading cybersecurity solutions,” said Joshua Skeens, CEO of Logically, a valued SonicWall partner. “They are now extending this to the cloud, as the demand for cloud-first strategies is clear. As businesses embark on their cloud journey, they will need hybrid deployments that SonicWall is uniquely positioned to provide, and we are excited to work alongside Microsoft. SonicWall to enable businesses to thrive in this new era. »
As hybrid and remote employees work from homes, virtual offices and coffee shops, while accessing critical business applications over increasingly complex networks, a new set of challenges has emerged. To secure this interconnected and ever-expanding access surface, organizations have been pushed to adopt zero trust models to modernize security, often replacing existing architectures.
The announcement follows that of SonicWall.
acquisition of Solutions Granted, Inc. (SGI)which enabled the channel to be equipped with the latest managed detection and response services, tailor-made for MSPs and MSPs.
Further information
For more information on SonicWall and its latest acquisition, please attend our webinar to learn more about the vision for the SonicWall platform:
https://www.brighttalk.com/webcast/5052/603349.
The acquisition was completed on December 26, 2023 and Moelis & Company served as the exclusive financial advisor to SonicWall.
The issuer is solely responsible for the content of this announcement.
