News Summary
Fortinet® (NASDAQ: FTNT), the global cybersecurity leader
driving the convergence of networking and security, today announced
that it has acquired Next DLP, a leader in insider risk and data
protection. With this acquisition, Fortinet will improve its
position in the standalone enterprise data loss prevention (DLP)
market and strengthen its leadership in integrated DLP markets
within endpoint and SASE in alignment with Fortinet’s business
strategy.
“The acquisition of Next DLP supports our goal of steadily and
strategically enhancing our solutions to continue protecting
enterprises with the top security solutions on the market,” said
Ken Xie, Founder, Chairman of the Board, and CEO at Fortinet. “Next
DLP will significantly strengthen our data loss prevention
capabilities, helping customers manage insider risk across SASE and
endpoint deployments.”
“Innovating data security has been our sole focus since day one.
By prioritizing the protection of our customers, we have developed
leading solutions for insider risk and data protection,” said
Connie Stack, CEO at Next DLP. “Data security and protection
against insider threats are top priorities for enterprises, and
integrating Next DLP with Fortinet will extend the reach of our
leading data security solutions to organizations worldwide.”
Fredrik Halvorsen of majority shareholder Ubon Partners said,
“We see tremendous potential in combining Next DLP’s innovative
technology with Fortinet’s market leadership. This acquisition
recognizes the technical excellence of Next DLP’s team and provides
a great platform for their further growth and success.”
Next DLP has been recognized by industry analysts for its
technology innovation and was recently named a Representative
Vendor in the 2023 Gartner Market Guide for Data Loss Prevention1
and the 2023 Gartner Market Guide for Insider Risk Management
Solutions.2 The company delivers a leading next-generation,
cloud-native SaaS data protection platform that extends from
endpoint to cloud.
As part of its commitment to offering enterprises a top-tier
Unified SASE solution, Fortinet plans to integrate Next DLP’s
technology to add advanced data loss prevention capabilities to
Fortinet’s security service edge (SSE) offering, as well as
integrate additional insider risk and data protection capabilities
across the Fortinet Security Fabric.
Transaction DetailsThe deal has been
signed and closed as of August 5, 2024.
Additional Resources
- Visit fortinet.com/trust to learn more about Fortinet
innovation, collaboration partners, product security processes, and
enterprise-grade products.
- 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 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.
1 Gartner Market Guide for Data Loss Prevention, Ravisha Chugh,
Andrew Bales, 4 September 2023.
2 Gartner Market Guide for Insider Risk Management
Solutions, Brent Predovich, 13 November 2023.
About FortinetFortinet (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, FortiCSPM, FortiCWP, FortiDAST,
FortiDB, FortiDDoS, FortiDeceptor, FortiDeploy, FortiDevSec,
FortiEDR, FortiExplorer, FortiExtender, FortiFirewall, FortiFlex
FortiFone, FortiGSLB, FortiGuest, FortiHypervisor, FortiInsight,
FortiIsolator, FortiLAN, FortiLink, FortiMonitor, FortiNAC,
FortiNDR, FortiPenTest, FortiPhish, FortiPoint, FortiPolicy,
FortiPortal, FortiPresence, FortiProxy, FortiRecon, FortiRecorder,
FortiSASE, FortiSDNConnector, FortiSEC, FortiSIEM, FortiSMS,
FortiSOAR, FortiStack, 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. This news
release contains forward-looking statements that involve
uncertainties and assumptions, such as statements regarding this
acquisition strengthening capabilities and the security platform,
integration plans, and the acquisition’s contributions, among
others. Changes of circumstances, product release and integration
delays and challenges, sales and other execution challenges, and
other risks as stated in our filings with the Securities and
Exchange Commission, located at www.sec.gov, may cause results to
differ materially from those expressed or implied in this press
release. If the uncertainties materialize or the assumptions prove
incorrect, results may differ materially from those expressed or
implied by such forward-looking statements and assumptions. All
statements other than statements of historical fact are statements
that could be deemed forward-looking statements. Fortinet assumes
no obligation to update any forward-looking statements, and
expressly disclaims any obligation to update these forward-looking
statements.
Media Contact: |
Investor Contact: |
Analyst Contact: |
Michelle ZimmermannFortinet,
Inc.408-235-7700pr@fortinet.com |
Aaron OvadiaFortinet, Inc.
408-235-7700investors@fortinet.com |
Brian Greenberg Fortinet,
Inc.408-235-7700analystrelations@fortinet.com |
Fortinet (NASDAQ:FTNT)
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