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  6. SonicWALL Acquires Banyan Security

M&A Deal Summary

SonicWALL Acquires Banyan Security

On January 3, 2024, SonicWALL acquired information technology company Banyan Security

Acquisition Highlights
  • This is SonicWALL’s 2nd transaction in the Information Technology sector.
  • This is SonicWALL’s 5th transaction in the United States.
  • This is SonicWALL’s 3rd transaction in California.

M&A Deal Summary
Date 2024-01-03
Target Banyan Security
Sector Information Technology
Buyer(s) SonicWALL
Deal Type Add-on Acquisition

Target

Banyan Security

San Francisco, California, United States
Banyan Security provider of security service edge (SSE) solutions to infrastructure and applications for employees, developers, and third parties without relying on network-centric solutions like VPNs. Deep visibility provides actionable insight, while continuous authorization with device trust scoring and least privilege access, delivers protection without sacrificing end-user productivity. Banyan Security is based in San Francisco, California.

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Buyer(S) 1

Buyer

SonicWALL

Milpitas, California, United States
Category Company
Founded 1991
Sector Information Technology
Employees819
DESCRIPTION

SonicWALL is a provider of an Internet security solutions and appliances. SonicWALL has three business units: Network Security, Content Security, and Business Continuity. SonicWALL was founded in 1991 and is based in Milpitas, California.

DEAL STATS #
Overall 5 of 5
Sector: Information Technology M&A 2 of 2
Type: Add-on Acquisition M&A Deals 5 of 5
State: California M&A 3 of 3
Country: United States M&A 5 of 5
Year: 2024 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-11-16 Solutions Granted

Woodbridge, Virginia, United States

Solutions Granted is a Master Managed Security Services Provider (Master MSSP) that offers cybersecurity solutions to North American MSPs and MSSPs and is committed to delivering solutions without requiring long-term contracts. The company offers many security layers as well as a 24x7 U.S.-based Security Operations Center (SOC). Solutions Granted is based in Woodbridge, Virginia.

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