GEC NEWS WIREFrancisco Partners and Elliott Management revealed the completion of the acquisition of Dell Software Group and the spin out of SonicWall as an independent company.
“Dipanjan “DJ” Deb, Francisco Partners’ CEO said, “As we have worked closely with SonicWall in recent months, it has become even clearer to us how laser focused SonicWall is on innovating next-generation network security solutions to serve customers and partners. This acquisition will better enable SonicWall to continue their journey in delivering world class solutions to their large and dedicated base of customers and help them to defend against the explosive growth of new cybersecurity threats.”
The newly standalone SonicWall named cybersecurity and networking industries 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.
Bill Conner,President and CEO, SonicWall said, “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. To protect customers against sophisticated cybersecurity threats, 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.”
Dell will continue to resell SonicWall’s entire product portfolio as it has done since before the acquisition by Dell.
