• Recap marks final financial and operational independence as a stand-alone company
• Surpassed financial objectives for sixth straight quarter
• Set records with new product releases, customer service, partner growth and customer renewal rates
• Honored with 27 cybersecurity industry awards in 2018 to date
PRESS RELEASE – May 22, 2018
MILPITAS, Calif. — SonicWall, the trusted security partner protecting more than 1 million networks worldwide, announces that it has recapped the company, marking its separation from Quest. The strong interest from potential investors is underpinned by SonicWall’s solid financial performance, exceeding its financial objectives for six straight quarters, while also posting a world-class 90-plus percent customer renewal rate for Q1, a 14 percent year-over-year increase.
“The plan we built with SonicWall was aggressive, but we had full confidence the leadership and employees would execute...