Fenwick represented Versa Networks, a recognized leader of single-vendor Secure Access Service Edge (SASE) platforms, in its $120 million financing. The round was led by BlackRock with participation from Silicon Valley Bank.
Versa Networks will use the new capital to expand go-to-market strategies and accelerate its industry-leading SASE innovations to further cement its leadership position in the SASE market, while setting Versa on its planned IPO path. More information can be obtained from the company’s announcement.
The transaction was led by corporate partners Mark Leahy and Patrick Grilli and associates Shweta Kumar, Terence Desouza, Chelsea Fisher and Teresa Anselmo-Thai.