Today, Palo Alto Networks closed its $420M acquisition of CloudGenix, an industry leader in software-defined wide-area network (SD-WAN).
I have had the privilege of knowing Cloudgenix’s Founder and CEO Kumar Ramachandran for several years, having joined the board after my initial investment in 2014. I was confident then in his experience, leadership, and incredible drive, as well as CloudGenix’s proven product and go-to-market strategy. CloudGenix could see the demand for large enterprises to implement SD-WAN in order to effectively manage a complex, multi-cloud strategy, and capitalized on it; creating a best-in-class solution that autonomously tailors to each enterprise’s specific security and networking needs.
Fast forward several years, and my confidence in Kumar, the team he’s built, and the award-winning product, has never been stronger. Just last year, CloudGenix announced a 300% year-over-year growth, as large enterprises made the switch from legacy incumbents, and we continued our commitment by leading a $65M investment. And today, as we all are navigating through this period of uncertainty and millions have been forced to work remotely, the need for an effective WAN to supply a secure network across a largely distributed workforce, has never been greater.
Palo Alto’s acquisition
Congratulations again to the entire team at Cloudgenix, we could not be prouder to have been a part of your journey since the early days and cannot wait to see how you continue to revolutionize the networking industry.
Based in San Francisco, Joe will focus on leading BCV’s customer development team, advising BCV portfolio companies on GTM initiatives, and building relationships and programs across Bain Capital and Bain & Company.
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