Francisco Partners, Elliott Management acquire Dell Software Group; successfully spin-out SonicWall

NEW DELHI: US companies Francisco Partners, a leading technology-focused private equity firm, and Elliott Management have completed the acquisition of Dell Software Group and the spin out of SonicWall as an independent company. SonicWall is popularly for its services in the cybersecurity industry.

“SonicWall is a trusted partner to its customers and channel partners in 40 countries worldwide and is laser focused on innovating next-generation network security,” said Dipanjan “DJ” Deb, Francisco Partners’ co-founder and CEO. “This acquisition will better enable SonicWall to continue its journey in delivering world-class solutions and help defend against the explosive growth of new cybersecurity threats.”

In conjunction with the creation of an independent SonicWall, the company named cybersecurity and networking 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.

“We are in the midst of a cybersecurity arms race,” said Conner. “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.”

“SonicWall customers are protected by one of the most advanced tools on the market, the cloud-based Capture Advanced Threat Protection Service,” added Conner. “Thanks to tremendous work by SonicWall’s product engineering team, Capture Advanced Threat Protection Service has revolutionized advanced threat detection and sandboxing with a multi-engine approach to stopping unknown and zero-day attacks, and with automated remediation . W e 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.”