Intel Capital is exiting SD-WAN software provider CloudGenix in an acquisition that follows $99m in funding across three rounds.

Cybersecurity software provider Palo Alto Networks agreed yesterday to buy US-based networking technology developer CloudGenix for $420m, allowing semiconductor and data technology producer Intel to exit.

CloudGenix has created an autonomous SD-WAN (software-defined networking in a wide area network) cloud software platform that allows enterprise customers to automate application-based decisions based on their security, compliance and business policies.

The technology helps businesses manage their applications more efficiently across their own premises, the cloud and software-as-a-service products. It will be integrated…

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Robert Lavine

Robert Lavine is special features editor for Global Venturing.