PRESS RELEASE. MILPITAS, Calif. - January 3, 2024 - SonicWall, a global cybersecurity leader, today announced the acquisition of Banyan Security, a leading provider of security service edge solutions for the modern workforce.
This acquisition strengthens SonicWall's portfolio by adding zero trust security relied on by leading fortune 100 companies to small businesses who are replacing legacy architectures for SSE solutions, including Zero Trust Network Access.
Banyan's technology further extends SonicWall's portfolio to the cloud and provides partners and their customers with more flexibility, which is key to the continued development of SonicWall's cybersecurity platform.
The platform also simplifies workflows and offers unified threat visibility, enabling service providers and end users to focus on what truly matters.
With hybrid and remote employees working from their homes, virtual offices, and coffee shops, while accessing critical business applications across increasingly complex networks, a new set of challenges has emerged.
To secure this ever-growing and interconnected access surface, organizations have been driven to adopt zero trust models to modernize security, often as a replacement for legacy architectures.
The announcement comes on the heels of SonicWall's acquisition of Solutions Granted, Inc., which helped arm the channel with the latest managed detection and response services tailor-made for Managed Service Providers and Managed Security Service Providers.
The acquisition was completed on December 26, 2023, and Moelis & Company served as an exclusive financial advisor to SonicWall.
SonicWall is a cybersecurity forerunner with more than 30 years of expertise and is recognized as a leading partner-first company.
With the ability to build, scale and manage security across the cloud, hybrid and traditional environments in real-time, SonicWall provides seamless protection against the most evasive cyberattacks across endless exposure points for increasingly remote, mobile and cloud-enabled users.
With its own threat research center, SonicWall can quickly and economically provide purpose-built security solutions to enable any organization - enterprise, government agencies and SMBs - around the world.
Banyan Security protects tens of thousands of employees across multiple industries, including finance, healthcare, manufacturing and technology.
This Cyber News was published on www.darkreading.com. Publication date: Wed, 03 Jan 2024 22:10:24 +0000