Fortinet® (NASDAQ: FTNT), the global cybersecurity leader
driving the convergence of networking and security, today announced
that it has entered into a definitive agreement to acquire
Lacework, the data-driven cloud security company.
Lacework delivers a leading AI-powered cloud security platform
that seamlessly integrates all critical CNAPP services. With
patented AI and machine learning technology, an agent and agentless
architecture for data collection, a homegrown data lake, and a
powerful code security offering, Lacework is trusted by nearly
1,000 customers to deliver comprehensive security from code to
cloud.
Fortinet is renowned for its cybersecurity innovation with
more patents than the nearest three competitors combined and over
100 inclusions in industry analyst reports, including recognition
in eight Gartner® Magic Quadrant™ reports. Fortinet delivers its
solutions as part of the Fortinet Security Fabric, an integrated
cybersecurity platform that spans Secure Networking, AI-driven
Security Operations, and Unified SASE, which includes access and
cloud security.
Fortinet intends to integrate Lacework’s CNAPP
solution into Fortinet’s Unified SASE offering, forming one of the
most comprehensive, full stack AI-driven cloud security platforms
available from a single vendor. This will help customers identify,
prioritize, and remediate risks and threats in complex cloud-native
infrastructure from code to cloud.
“Both Fortinet and Lacework are driven by a culture of
innovation and integration,” said Ken Xie, Founder, Chairman of the
Board, and CEO at Fortinet. “By integrating Lacework's leading
AI-powered cloud security platform, we're enhancing our Security
Fabric platform to offer customers an even more comprehensive
solution. This acquisition reinforces our commitment to delivering
consistent security across on-premises and cloud environments.”
“Lacework, partnering closely with our customers, has built a
world-class solution to the most complex and varied cloud cyber
risks and threats. Our vision to connect across security silos
enables teams to work together to produce better security outcomes
more quickly,” said Jay Parikh, CEO at Lacework. “Integrated into
Fortinet’s platform, we can more deeply embrace these customers to
truly solve for their end-to-end security challenges.”
This strategic acquisition aligns with Fortinet’s growth
strategy in the Unified SASE market, which includes solutions for
securing access and cloud, and underscores the company’s commitment
to innovation and integration. As part of the acquisition, Fortinet
is committed to a seamless transition for Lacework customers and
partners. Backed by Fortinet's proven leadership and expertise,
Lacework customers will be able to benefit from access to
Fortinet's global reach, extensive scale, vast resources, and
industry-leading threat intelligence while continuing to leverage
their existing security infrastructure investments.
Financial terms of the transaction were not disclosed. The
transaction, which is expected to close in the second half of 2024,
is subject to required regulatory approvals and other customary
closing conditions. Goldman Sachs & Co. LLC is acting as
exclusive financial advisor to Lacework. Cooley LLP is acting
as legal counsel to Lacework, and Fenwick & West LLP is acting
as legal counsel to Fortinet.
Additional Resources
- Learn more about this news and Lacework’s cloud native platform
in the Fortinet blog.
- Learn more about the state of cloud security in 2024 by reading
Fortinet's latest report.
- Visit fortinet.com/trust to learn more about Fortinet
innovation, collaboration partners, product security processes, and
enterprise-grade products that contribute to delivering proven
cybersecurity, everywhere you need it.
- Learn about Fortinet’s free cybersecurity training, which
includes broad cyber awareness and product training. As part of the
Fortinet Training Advancement Agenda (TAA), the Fortinet Training
Institute also provides training and certification through the
Network Security Expert (NSE) Certification, Academic Partner, and
Education Outreach programs.
- Learn more about FortiGuard Labs threat intelligence and
research and Outbreak Alerts, which provide timely steps to
mitigate breaking cybersecurity attacks.
- Read about how Fortinet customers are securing their
organizations.
- Follow Fortinet on Twitter, LinkedIn, Facebook, and Instagram.
Subscribe to Fortinet on our blog or YouTube.
Gartner, Magic Quadrant for Security Service Edge, Charlie
Winckless, Thomas Lintemuth, Dale Koeppen, Published 15 April
2024
Gartner, Magic Quadrant for Endpoint Protection Platforms,
Evgeny Mirolyubov, Max Taggett, Franz Hinner, Nikul Patel,
Published 31 December 2023
Gartner, Magic Quadrant for Security Information and Event
Management, Andrew Davies, Mitchell Schneider, Rustam Malik, Eric
Ahlm, Published 8 May 2024
Gartner, Magic Quadrant for SD-WAN, Jonathan Forest, Naresh
Singh, Andrew Lerner, Karen Brown, Published 27 September 2023
Gartner, Magic Quadrant for Enterprise Wired and Wireless LAN
Infrastructure, Tim Zimmerman, Christian Canales, Nauman Raja, Mike
Leibovitz, Published 06 March 2024
Gartner, Magic Quadrant for Network Firewalls, Rajpreet Kaur,
Adam Hils, Thomas Lintemuth, Published 19 December 2022
Gartner, Magic Quadrant for Access Management, Henrique
Teixeira, Abhyuday Data, Nathan Harris, Robertson Pimental,
Published 16 November 2023 (Mentioned in the Honorable Mentions
section)
Gartner, Magic Quadrant for Single-Vendor SASE, Andrew Lerner,
Jonathan Forest, Neil MacDonald, Nat Smith, Charlie Winckless,
Published 16 August 2023
GARTNER is a registered trademark and service mark of Gartner,
Inc. and/or its affiliates in the U.S. and internationally, Magic
Quadrant is a registered trademark of Gartner, Inc. and/or its
affiliates and is used herein with permission. All rights
reserved. Gartner does not endorse any vendor, product or
service depicted in its research publications, and does not advise
technology users to select only those vendors with the highest
ratings or other designation. Gartner research publications consist
of the opinions of Gartner’s research organization and should not
be construed as statements of fact. Gartner disclaims all
warranties, expressed or implied, with respect to this research,
including any warranties of merchantability or fitness for a
particular purpose.
About Fortinet
Fortinet (NASDAQ: FTNT) is a driving force in the evolution
of cybersecurity and the convergence of networking and security.
Our mission is to secure people, devices, and data everywhere, and
today we deliver cybersecurity everywhere you need it with the
largest integrated portfolio of over 50 enterprise-grade products.
Well over half a million customers trust Fortinet's solutions,
which are among the most deployed, most patented, and most
validated in the industry. The Fortinet Training Institute, one of
the largest and broadest training programs in the industry, is
dedicated to making cybersecurity training and new career
opportunities available to everyone. Collaboration with esteemed
organizations from both the public and private sectors, including
CERTs, government entities, and academia, is a fundamental aspect
of Fortinet’s commitment to enhance cyber resilience globally.
FortiGuard Labs, Fortinet’s elite threat intelligence and research
organization, develops and utilizes leading-edge machine learning
and AI technologies to provide customers with timely and
consistently top-rated protection and actionable threat
intelligence. Learn more at https://www.fortinet.com, the Fortinet
Blog, and FortiGuard Labs.
FTNT-F
Copyright © 2024 Fortinet, Inc. All rights reserved. The symbols
® and ™ denote respectively federally registered trademarks and
common law trademarks of Fortinet, Inc., its subsidiaries and
affiliates. Fortinet’s trademarks include, but are not limited to,
the following: Fortinet, the Fortinet logo, FortiGate, FortiOS,
FortiGuard, FortiCare, FortiAnalyzer, FortiManager, FortiASIC,
FortiClient, FortiCloud, FortiMail, FortiSandbox, FortiADC,
FortiAI, FortiAIOps, FortiAntenna, FortiAP, FortiAPCam,
FortiAuthenticator, FortiCache, FortiCall, FortiCam, FortiCamera,
FortiCarrier, FortiCASB, FortiCentral, FortiConnect,
FortiController, FortiConverter, FortiCWP, FortiDB, FortiDDoS,
FortiDeceptor, FortiDeploy, FortiDevSec, FortiEdge, FortiEDR,
FortiExplorer, FortiExtender, FortiFirewall, FortiFone, FortiGSLB,
FortiHypervisor, FortiInsight, FortiIsolator, FortiLAN, FortiLink,
FortiMoM, FortiMonitor, FortiNAC, FortiNDR, FortiPenTest,
FortiPhish, FortiPlanner, FortiPolicy, FortiPortal, FortiPresence,
FortiProxy, FortiRecon, FortiRecorder, FortiSASE,
FortiSDNConnector, FortiSIEM, FortiSMS, FortiSOAR, FortiSwitch,
FortiTester, FortiToken, FortiTrust, FortiVoice, FortiWAN,
FortiWeb, FortiWiFi, FortiWLC, FortiWLM and FortiXDR. Other
trademarks belong to their respective owners. Fortinet has not
independently verified statements or certifications herein
attributed to third parties and Fortinet does not independently
endorse such statements. Notwithstanding anything to the contrary
herein, nothing herein constitutes a warranty, guarantee, contract,
binding specification or other binding commitment by Fortinet or
any indication of intent related to a binding commitment, and
performance and other specification information herein may be
unique to certain environments.
About Lacework
Lacework keeps organizations secure in the cloud, allowing them
to innovate faster with confidence. Cloud security requires a
fundamentally new approach and the Lacework platform is designed to
scale with the volume, variety, and velocity of cloud data across
an organization’s cloud environment: code, identities, containers,
and multi-cloud infrastructure. Only Lacework provides Security and
Development teams with a correlated and prioritized end-to-end view
that pinpoints the largest risks and handful of security events
that matter most. Learn more at www.lacework.com.
Media
Contact: |
Investor
Contact: |
Analyst
Contact: |
Michelle ZimmermannFortinet,
Inc.408-235-7700pr@fortinet.com |
Peter SalkowskiFortinet, Inc.
408-331-4595psalkowski@fortinet.com |
Brian Greenberg Fortinet,
Inc.408-235-7700analystrelations@fortinet.com |
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