SonicWall Announces Spin Out from Dell Software Group – Focused on Solving Next Generation of Cybersecurity Threats Facing Companies
Francisco Partners, a leading technology-focused private equity firm, and Elliott Management today announced the completion of the acquisition of Dell Software Group and the spin out of SonicWall as an independent company. SonicWall, known for its 25 years of innovation in the cybersecurity industry, protects more than a million customer networks worldwide.
“SonicWall is a trusted partner to its customers and channel partners in 40 countries worldwide and is laser focused on innovating next-generation network security,” said Dipanjan “DJ” Deb, Francisco Partners’ co-founder and CEO. “This acquisition will better enable SonicWall to continue its journey in delivering world-class solutions and help defend against the explosive growth of new cybersecurity threats.”
In conjunction with the creation of an independent SonicWall, the company named cybersecurity and networking veteran Bill Conner as its President and CEO. Conner previously served as CEO of Silent Circle and CEO of Entrust as well as President of Data Networks and then President of Enterprise Networks at Nortel Networks.
“We are in the midst of a cybersecurity arms race,” said Conner. “As a standalone SonicWall brand, we can act even more deftly and quickly to serve channel partners and customers by offering products and services second to none.”
“SonicWall customers are protected by one of the most advanced tools on the market, the cloud-based Capture Advanced Threat Protection Service,” added Conner. “Thanks to tremendous work by SonicWall’s product engineering team, Capture Advanced Threat Protection Service has revolutionized advanced threat detection and sandboxing with a multi-engine approach to stopping unknown and zero-day attacks, and with automated remediation. We are continuing our commitment to product innovation to serve our customers and invest in our partners who operate as an extension of the SonicWall team.”
“SonicWall has long had an excellent reputation in the security industry,” said Robert Ayoub, Research Director in IDC’s Security Products program. “Security remains the number one concern for many of our clients, so there is definitely an interest in the marketplace for what SonicWall sells.”
This year, SonicWall has achieved several key milestones including:
- The number of new partners offering SonicWall’s solutions grew by 20 percent in the last year.
- For the eighth straight year, SonicWall is the North American market share leader in the small and midsized enterprise Internet Security Appliance market.
- SonicWall’s Capture Advanced Threat Prevention Service has analyzed more than four million suspicious files since the service’s launch in August.
To continue its commitment to and investment in its channel partners, SonicWall also announced its SonicWall SecureFirst Partner Program, which introduces improved partner rewards, deal protection and expanded technical enablement on the SonicWall portfolio.
Dell EMC will continue to resell SonicWall’s entire product portfolio as it has done since before the acquisition by Dell.
SonicWall channel partners from around the globe have also been supportive of today’s announcement:
From North America: “SonicWall’s increased investment and commitment to channel partners is great news,” said Larry Cecchini, CEO, Secure Designs. “SonicWall has long been a highly regarded brand—sophisticated in its technology and in particular an excellent vehicle for managed services businesses. We are expecting our partnership with SonicWall to go from strength to strength.”
From EMEA: “We’ve been working with the SonicWall team since the mid-nineties in what continues to be a productive and positive relationship,” said Jason Hill, Sales Director for Security, Exertis. “SonicWall has a strong commitment to the channel and over the years we have seen consistent development and innovation from the brand. We are excited by the new program and expect to see our partnership with SonicWall strengthen even further.”
From Asia-Pacific: “We have an ongoing strong 12-year relationship with SonicWall and as a direct result have built a successful Managed Services Provider business,” said John Papoutsis, Technical Services Director for Hitech Support. “We are excited to be a part of the new era. We have pushed the boundaries of what the SonicWall solutions can do and have successfully deployed their solutions into large and complicated environments. The biggest problem that we face is when we have to explain to customers that we can deliver such solutions with such high performance and functionality at such a cost effective price!”
From Latin America: “For more than a decade, SonicWall has been such a great and valuable partner across Latin America,” said Rafael Paloni, President Latin America, Network1ScanSource. “SonicWall is a channel-centric vendor that provides profitable growth opportunities for us and our resellers on the cyber security segment helping small, medium and large customers to protect their infrastructure and applications.”
To learn more about opportunities to partner with SonicWall, please visit:
- SonicWall CEO Blog and SonicWall CEO Video on Today's News
- SonicWall on Twitter
- SonicWall on Facebook
- SonicWall on LinkedIn
Over a 25 year history, SonicWall has been the industry’s trusted security partner. From network security to access security to email security, SonicWall has continuously evolved its product portfolio, enabling organizations to innovate, accelerate and grow. With over a million security devices in almost 200 countries and territories worldwide, SonicWall customers can confidently say yes to the future.
About Francisco Partners
Francisco Partners is a leading global private equity firm, which specializes in investments in technology and technology-enabled services businesses. Since its launch over 15 years ago, Francisco Partners has raised approximately $10 billion in capital and invested in more than 150 technology companies, making it one of the most active and longstanding investors in the technology industry. The firm invests in transaction values ranging from $50 million to over $2 billion, where the firm's deep sectoral knowledge and operational expertise can help companies realize their full potential.
Elliott Management Corporation manages two multi-strategy hedge funds which combined have approximately $29 billion of assets under management. Its flagship fund, Elliott Associates, L.P., was founded in 1977 making it one of the oldest hedge funds under continuous management. The Elliott funds’ investors include pension plans, sovereign wealth funds, endowments, foundations, funds-of funds, high net worth individuals and families, and employees of the firm. This investment is being led out of Evergreen Coast Capital, Elliott’s Menlo Park affiliate, which focuses on technology investing.
PPR Worldwide for SonicWall
Katie Neuman, +1 415-370-9050
Michael O’Looney, +1 212-478-2687
Om Business Wire
(c) 2018 Business Wire, Inc., All rights reserved.
Business Wire, a Berkshire Hathaway company, is the global leader in multiplatform press release distribution.
Følg saker fra Business Wire
Registrer deg med din epostadresse under for å få de nyeste sakene fra Business Wire på epost fortløpende. Du kan melde deg av når som helst.
Siste saker fra Business Wire
ResMed-sponsored Studies Show Combining Home Oxygen and Home Non-invasive Ventilation is a Cost Effective Treatment for COPD20.5.2018 21:15 | Pressemelding
ResMed (NYSE: RMD, ASX: RMD) announced today the results of two clinical analyses conducted for the U.K. and U.S., demonstrating the cost effectiveness of combining home oxygen therapy and home non-invasive ventilation (NIV) therapy for patients with persistent hypercapnia following a life-threatening exacerbation of chronic obstructive pulmonary disease (COPD). The ResMed-backed Home Oxygen Therapy – Home Mechanical Ventilation (HOT-HMV) health economic studies, presented today at the ATS 2018 International Conference, build on earlier data demonstrating the clinical and cost effectiveness of HOT-HMV therapy (i.e. combining home oxygen therapy with home NIV), compared to treating with oxygen alone. The U.K. study found that HOT-HMV treatment reduced exacerbation frequency and 28-day hospital readmission. The U.S. analysis found a 58.3 percent reduction in 30-day readmissions for HOT-HMV patients compared to those on home oxygen alone – and that HOT-HMV can actually save patients money
WELL Building Standard Gaining Momentum in Europe18.5.2018 14:47 | Pressemelding
As Greenbuild Europe came to a close in Berlin, the International WELL Building Institute™ (IWBI™) used the occasion to highlight how the WELL Building Standard™ (WELL™) has elevated health and well-being to the forefront of sustainability conversations across Europe. WELL continues to advance the healthy building movement as the premier standard for buildings, interior spaces and communities seeking to implement, validate and measure features that promote human health and wellness. The resonance of the program has spurred innovations across the building, design and construction industries, providing projects with customizable approaches to address geographical and cultural health concerns. To date, WELL has enrolled more than 830 projects encompassing over 155 million square feet of real estate in 32 countries worldwide. In Europe nearly 190 projects across 13 countries are engaged with WELL, representing 25% of global WELL project square footage. The strong growth of WELL over the pa
Utimaco Announces Intent to Acquire Atalla from Micro Focus18.5.2018 09:03 | Pressemelding
Utimaco, the global #2 in Hardware Security Modules (HSMs), today announced the intent to acquire the Atalla HSM and ESKM business lines from Micro Focus, which were previously owned by Hewlett Packard Enterprise (HPE) prior to the September 2017 merger of its Software business with Micro Focus. Germany-based Utimaco, active in the HSM market for over 35 years, is a global manufacturer of general purpose HSMs. Utimaco has built its market leading position focusing on indirect sales through OEM or channel business partners and selling its SecurityServer product line into industries as diverse as automotive, government, media & entertainment, smart metering, semiconductors, telecommunications and the banking and financial services sectors. Utimaco is traditionally strong in its German home market based on its longstanding German banking association certification (DK) and has recently achieved PCI accreditation for the SecurityServer product line. With the acquisition of Atalla, one of th
Janssen to Present New Data in Urothelial, Haematologic and Prostate Cancers at ASCO 2018, including Best of ASCO Selections18.5.2018 07:00 | Pressemelding
The Janssen Pharmaceutical Companies of Johnson & Johnson, today announced 21 company-sponsored abstracts will be presented at the 2018 American Society of Clinical Oncology (ASCO) Annual Meeting in Chicago, IL on June 1-5. New data analyses in support of a portfolio of products, including the investigational treatments erdafitinib and apalutamide, as well as approved treatments Imbruvica® (ibrutinib), Darzalex® (daratumumab), and Zytiga® (abiraterone acetate) will be highlighted across urothelial, haematologic and prostate cancers. Notably, Phase 2 trial results for the investigational compound erdafitinib, which received U.S. Food and Drug Administration (FDA) Breakthrough Therapy Designation, will be presented during an oral presentation on Sunday, June 3 (Abstract #4503).1,2 For haematologic cancers, Phase 3 data from the iNNOVATE study will provide the first look at ibrutinib plus rituximab versus placebo plus rituximab in patients with newly diagnosed and relapsed/refractory Wald
Karisma Hotels & Resorts to Open Allure Palazzi Kotor Bay Hotel by Karisma in June 201818.5.2018 06:00 | Pressemelding
Karisma Hotels & Resorts, an award-winning luxury hotel collection which owns and manages properties in Latin America, the Caribbean and Europe, is pleased to announce the opening of Allure Palazzi Kotor Bay Hotel by Karisma in June 2018. Built from the ground up in Montenegro’s idyllic Dobrota, the exclusive five-star beachfront property seamlessly blends stunning architecture and design with its mountainous landscape, offering spellbinding views of Kotor Bay. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20180517006456/en/ Rendering of Allure Palazzi Kotor Bay (Photo: Business Wire) Sitting on Kotor Bay’s only private beach, the resort features 89 premium guestrooms, 10 villas with private beachfront access, and three breathtaking penthouse suites, each with a balcony or terrace. Allure Palazzi Kotor Bay’s accommodations encompass sumptuous bedding, divine amenities, and carefully selected color palettes bringing the sunny
Siemens Financial Services Selects GTC’s @GlobalTrade Platform for Management of Export Documentary Credits18.5.2018 04:00 | Pressemelding
GlobalTrade Corporation (GTC) has announced today that Siemens Financial Services (SFS) has selected its @GlobalTrade Multi-bank Trade Finance Platform for management of its export documentary credits. The platform will be initially rolled out in Germany and thereafter expanded to Siemens entities globally. The system will electronically aggregate all incoming documentary credits in a global database, facilitate review and approval, assist in preparation of compliant documents and enable faster presentation of documents electronically to advising and issuing banks. Gerhard Heubeck, Head of Trade Finance Advisory at Siemens Financial Services, reasons the need for the new system implementation as follows: "After many years of using one of the first standard IT systems available for export documentary credits, the time has come to find a successor tool capable to meet the new requirements such as multi-client capability, processing of new SWIFT message formats, global accessibility, and