Fortinet Acquires Lacework for Boosted Cloud Security and SASE

Fortinet's acquisition of Lacework is a significant move in the world of cloud security. This deal will enable Fortinet to provide enhanced security solutions for cloud-native applications.

The acquisition is expected to boost Fortinet's capabilities in cloud security, particularly in the areas of cloud workload security and cloud security posture management.

Fortinet has completed its acquisition of Lacework, a cloud security and cloud-native application protection platform trailblazer, effective August 1, 2024.

The acquisition adds a leading AI-driven cloud-native application protection platform to the Fortinet Security Fabric.

Fortinet's Founder, Chairman of the Board, and CEO, Ken Xie, believes that integrating Lacework's cloud-native platform with the Fortinet Security Fabric will result in the most comprehensive, full-stack AI-driven cloud security platform available from a single vendor.

Lacework was recognized for its leading technology by industry analysts and was recently named a representative vendor in the 2024 Gartner Market Guide for Cloud-Native Application Protection Platforms.

You might enjoy: Amazon Native Shopping Ads

Fortinet has gained a portfolio of 225 patents and applications, many related to cloud security and artificial intelligence, which reflects the innovation focus.

The acquisition brings an experienced sales team and a talented group of engineers whose expertise will be instrumental in delivering industry-leading solutions to Fortinet's customers.

The terms of the acquisition deal for Lacework, which had once been valued at $8.3 billion, weren't disclosed.

Fortinet plans to integrate capabilities from Lacework's CNAPP into its Unified SASE offering, creating one of the most comprehensive, full-stack AI-driven cloud security platforms available from a single vendor.

Lacework's data-powered cloud security platform collects and analyzes data from across cloud environments and supplies customers with key insights, such as around threat prioritization.

The platform is powered by Lacework's Polygraph machine learning engine that aims to significantly reduce alert volumes while identifying the most pressing cyber threats.

For another approach, see: How Does Your Business Innovate or Add Value for Customers

Fortinet has entered into a definitive agreement to acquire Lacework, the data-driven cloud security company. Lacework delivers an AI-powered cloud security platform that seamlessly integrates all critical CNAPP services.

With patented AI and machine learning technology, Lacework is trusted by nearly 1,000 customers to deliver comprehensive security from code to cloud. This is a significant boost to Fortinet's cloud security portfolio.

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.

The acquisition will enhance Fortinet's Security Fabric platform to offer customers an even more comprehensive solution. This is a strategic move to reinforce Fortinet's commitment to delivering consistent security across on-premises and cloud environments.

Fortinet is renowned for its cybersecurity innovation with more patents than the nearest three competitors combined. This acquisition underscores the company's commitment to innovation and integration.

Here's an interesting read: Comprehensive Car Insurance Theft

Fortinet has reached an agreement to acquire cloud security firm Lacework in a significant consolidation deal for the cybersecurity industry.

The acquisition deal is expected to be completed in the second half of the year, but the terms of the deal were not disclosed.

Lacework's CNAPP (cloud-native application protection platform) will be integrated into Fortinet's Unified SASE offering.

This combination will offer partners and customers "one of the most comprehensive, full stack AI-driven cloud security platforms available from a single vendor."

Lacework had raised $1.8 billion in funding and was valued at $8.3 billion in 2021, making it one of the top-valued cybersecurity unicorns.

The acquisition deal comes after Lacework had laid off 20 percent of its staff in May 2022, just months after raising a $1.3 billion funding round.

Lacework had more than 1,000 employees before the layoffs, and the company had been in "growth mode" according to its CRO, Kevin Kiley.

Lacework's Polygraph machine learning engine aims to significantly reduce alert volumes while identifying the most pressing cyber threats.

This acquisition will bring an experienced sales team and a talented group of engineers to Fortinet, whose expertise will be instrumental in delivering industry-leading solutions to Fortinet's customers.

Fortinet will gain a portfolio of 225 patents and applications, many related to cloud security and artificial intelligence, which reflects the innovation focus of both companies.

Worth a look: Bankcard Score 8