Bengaluru: Fortinet has recently acquired the data-driven cloud security company Lacework. Currently, Lacework boasts of nearly 1,000 customers delivering comprehensive security from code to cloud. Lacework offers patented AI and machine learning, agent and agentless architecture for data collection, a homegrown data lake, and a powerful code security.
“Our vision is to connect across security silos producing better security outcomes more quickly. Now after getting integrated into Fortinet’s platform, we can more truly solve the end-to-end security challenges of our customers,” claims Jay Parikh, CEO at Lacework.
This acquisition enables Fortinet to add the AI-Powered Cloud-Native Application Protection Platform (CNAPP) to its.Fortinet Security Fabric. The integration creates one of the industry’s more 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.
“By integrating Lacework’s leading AI-powered cloud security platform, we are enhancing our Security Fabric platform to offer customers an even more comprehensive solution,” asserts Ken Xie, Founder, Chairman of the Board, and CEO at Fortinet.
Fortinet plans a seamless transition for Lacework customers and partners who can in turn benefit from Fortinet’s global reach, extensive scale, vast resources, and threat intelligence.
The acquisition is expected to close in the second half of 2024, subject to required regulatory approvals and other customary closing conditions. Goldman Sachs & Co. acted as exclusive financial advisor to Lacework while Cooley LLP acted as legal counsel to Lacework, and Fenwick & West LLP as legal counsel to Fortinet.
