SonicWall has announced its plans to acquire Aventail Corporation for
approximately $25 million. The transaction is expected to close by July 2007 and
is subject to customary conditions. SonicWall expects that there will be no
impact of the transaction on its financial performance in the second quarter of
2007 and reaffirms its revenue guidance of $45-47 million.
"The Aventail acquisition is an important step in our growth strategy. This
acquisition will help us grow our revenue share. We will compete more
effectively in the remote access space, building on complementary elements in
our two organizations, and offer new solutions that enhance our relevance for
today's dynamic enterprise," said Matthew Medeiros, President and CEO, SonicWall.
"This is an exciting move for Aventail and we look forward to expanding our
customer base," said Evan Kaplan, President and CEO, Aventail. "SonicWall has a
go-to-market strategy through its worldwide channel, which offers a wide variety
of products to Aventail's customers and channel partners. Our combined product
sets and expertise offer great potential for future cross-development and
growth."
With the addition of Aventail's remote access technology for mid-tier
enterprises, SonicWall expands its portfolio of high-end solutions that address
the growing need for flexible and management network security, access and
control.