Fortinet to Acquire Lacework

Published On: June 23, 2024Categories: Buzz

Fortinet, the Sunnyvale, California-based cybersecurity company, announced that it has entered into a definitive agreement to acquire Lacework, which produces an AI-powered cloud security platform that integrates critical CNAPP services. Their technology leverages patented AI and machine learning technology, an agent and agentless architecture for data collection, a homegrown data lake, and a code security offering. Lacework reports a current base of nearly 1,000 customers.

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. The company intends to integrate Lacework’s CNAPP solution into its existing portfolio, forming a full stack AI-driven cloud security platform.

“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,” said Fortinet founder and CEO Ken Xie. “This acquisition reinforces our commitment to delivering consistent security across on-premises and cloud environments.”

“Our vision to connect across security silos enables teams to work together to produce better security outcomes more quickly,” added 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.

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.

Channel Impact®
The acquisition is intended to help partners and customers identify, prioritize, and remediate risks and threats in complex cloud-native infrastructure from code to cloud.

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