News SummaryFortinet® (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. 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. 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.
