SonicWALL Agrees To Acqusition

SonicWALL, Inc. has announced it has entered into a definitive agreement to be acquired by an investor group led by Thoma Bravo, LLC in a transaction valued at approximately $717 million.

"Our agreement with Thoma Bravo represents an attractive valuation for our shareholders, and we look forward to closing the transaction as quickly as possible," said Matthew Medeiros, President and Chief Executive Officer, SonicWALL's. "A partnership with Thoma Bravo will strengthen our focus on delivering the most advanced and highest quality solutions to our customers."

"Thoma Bravo and Teachers' Private Capital are excited to partner with SonicWALL to continue building the company into a leader in the IT security market," said Seth Boro, Principal, Thoma Bravo.