Fortinet to Acquire AI-Powered Cloud Security Platform Lacework

Fortinet, a world leader in wide, constructed-in, and computerized cybersecurity choices, has announced its acquisition of Lacework, an AI-powered cloud-native software program protection platform (CNAPP).

This strategic pass goals to enhance Fortinet’s already entire cybersecurity platform by integrating Lacework’s superior cloud safety capabilities.

The acquisition aligns with Fortinet’s progress plan, which focuses on expanding its AI and cloud safety offerings. Lacework’s platform, identified for its AI and machine learning capabilities, would possibly be constructed-in into Fortinet’s Unified Stable Salvage admission to Provider Edge (SASE) solution.

This integration is expected to present customers with enhanced instruments for figuring out, prioritizing, and mitigating risks and threats interior their cloud infrastructure.

Ken Xie, Founder, Chairman, and CEO of Fortinet, emphasized the importance of this acquisition: “By integrating Lacework’s main AI-powered cloud safety platform, we’re bettering our Security Cloth platform to give customers an grand extra entire solution. This acquisition reinforces our commitment to delivering consistent safety all the plan thru on-premises and cloud environments.”

Lacework, founded in 2015, has pioneered cloud safety, leveraging superior technologies reminiscent of machine learning, anomaly detection, and behavioral analytics. The firm has nearly 1,000 customers, collectively with well-known names love Snowflake, LendingTree, and Omada Health. Lacework’s platform is designed to get hybrid cloud environments, providing discontinue-to-discontinue protection from code to the cloud.

The acquisition is expected to shut within the second half of of the year, and Fortinet is planning a seamless transition for Lacework’s customers and partners. The monetary terms of the deal had been no longer disclosed.

This acquisition marks one other milestone in Fortinet’s history of strategic progress thru innovation and acquisitions. The firm has previously acquired DevOps safety startup Sken.ai and cloud safety and networking firm OPAQ Networks.

Fortinet wrapped up its fiscal year 2023 with $5.3 billion in earnings, reflecting a 20.1% year-over-year develop.

With this acquisition, Fortinet goals to present original enterprises with the instruments wanted to control probability and lop threats all the plan thru your whole IT landscape, from recordsdata facilities to the cloud and out to the threshold.

The blended expertise and sources of Fortinet and Lacework are expected to lift unparalleled safety choices, addressing the evolving requires of digital transformation.