After the merger, SonicWall was delisted from NASDAQ. On July 23, 2010, SonicWall announced that it had completed its merger with affiliates of an investor group led by Thoma Bravo, LLC, which included the Ontario Teachers' Pension Plan through its private investor department, Teachers' Private Capital. In 2005, SonicWall announced the acquisition of enKoo, and in 2007, SonicWall announced the acquisition of Aventail Corporation. SonicWall has acquired several companies during its existence, often expanding its product line in the process. Medeiros (formerly of Philips Components) became CEO in March 2003. In 2001, SonicWall upgraded its Global Management System (GMS) software to manage more VPN devices. to represent the shift to network security, and in November 1999 SonicWall went public on the Nasdaq with the symbol SNWL. In late 1999, the company changed its name from Sonic Systems to SonicWALL, Inc. As sales for security appliances rapidly accelerated, the company exited the Apple add-on networking business and refocused exclusively as a network security company. In the late 1990s, the company released a security product initially called Interpol and later branded SonicWALL, a dedicated hardware appliance with firewall and VPN software intended for the small-business market. In 1991, Brothers Sreekanth Ravi and Sudhakar Ravi founded the company under the name Sonic Systems to develop Ethernet and Fast Ethernet cards, hubs and bridges for the Apple market. On June 20, 2016, Dell sold SonicWall (part of its Dell Software division) to private equity firms Francisco Partners and Elliott Management. Dell's acquisition of SonicWall became official on May 9, 2012. On March 13, 2012, USA Today said that Dell had announced its intent to acquire SonicWall, which then had 130 patents and 950 employees. Originally a private company headquartered in Silicon Valley, it went public in 1999, before delisting in 2010. The company also assists in solving problems surrounding compliance with the Health Insurance Portability and Accountability Act (HIPAA) and the Payment Card Industry Data Security Standard (PCI-DSS). The company also markets information subscription services related to its products. These include devices providing services for network firewalls, unified threat management (UTM), virtual private networks (VPNs), virtual firewalls, SD-WAN, cloud security and anti-spam for email. SonicWall is an American cybersecurity company that sells a range of Internet appliances primarily directed at content control and network security.
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