Aventail, a VPN company, sells to SonicWall for $25M
Aventail, a Seattle, Washington provider of technology that allows employees to remotely access their corporate network, has agreed to be acquired by SonicWall of Sunnyvale, Calif. for $25 million in cash.
See statement here.
While Aventail saw revenues of $18 million last year, it wasn’t profitable.
Over the past eleven years, Aventail had raised about $110 million from venture capitalists and strategic investors, including Oak Investment Partners, Trinity Ventures and many others.
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