Another week, another acquisition in the IT security market.
A full week after we wrote about IBM’s bid to acquire Watchfire comes news that SonicWall has an agreement to buy Secure Socket Layer (SSL) VPN vendor Aventail for $25 million.
SonicWall says this acquisition will help it cater to a broader audience by combining the two companies’ SSL VPN strength.
SonicWall CEO Matthew Medeiros offered this statement: “The Aventail acquisition is an important step in our growth strategy. SonicWall is number one in SSL VPN unit share worldwide, and this acquisition will help 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.”
And here’s a statement from Aventail CEO Evan Kaplan: “SonicWall has a strong history of innovation and a successful go-to-market strategy through its worldwide channel, which offers a wide variety of products relevant to Aventail’s customers and channel partners. Our combined product sets and expertise offer great potential for future cross-development and growth.”
This news isn’t as earth-shattering as the IBM-Watchfire announcement, but it continues the larger trend of consolidation in the security market.