News SummaryFortinet® (NASDAQ: FTNT), the global cybersecurity leader driving the convergence of networking and security, today announced that it has entered into a definitive agreement to acquire Lacework, the data-driven cloud security company.Lacework delivers a leading AI-powered cloud security platform that seamlessly integrates all critical CNAPP services. With patented AI and machine learning technology, an agent and agentless architecture for data collection, a homegrown data lake, and a powerful code security offering, Lacework is trusted by nearly 1,000 customers to deliver comprehensive security from code to cloud.Fortinet is renowned for its cybersecurity innovation with more patents than the nearest three competitors combined and over 100 inclusions in industry analyst reports, including recognition in eight Gartner ® Magic Quadrant™ reports. 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.Fortinet intends to integrate Lacework’s CNAPP solution into its existing portfolio, 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. This strategic acquisition aligns with Fortinet’s growth strategy and underscores the company’s commitment to innovation and integration. As part of the acquisition, Fortinet is committed to a seamless transition for Lacework customers and partners. Backed by Fortinet's proven leadership and expertise, Lacework customers will be able to benefit from access to Fortinet's global reach, extensive scale, vast resources, and industry-leading threat intelligence while continuing to leverage their existing security infrastructure investments.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. Goldman Sachs & Co. LLC is acting as exclusive financial advisor to Lacework. Cooley LLP is acting as legal counsel to Lacework, and Fenwick & West LLP is acting as legal counsel to Fortinet. GARTNER is a registered trademark and service mark of Gartner and Magic Quadrant is a registered trademark of Gartner, Inc. and/or its affiliates in the U.S. and internationally and are used herein with permission. All rights reserved. Gartner does not endorse any vendor, product or service depicted in our 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 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.Magic Quadrant for Endpoint Protection Platforms, Evgeny Mirolyubov, Max Taggett, Franz Hinner, Nikul Patel, Published 31 December 2023Magic Quadrant for Security Information and Event Management, Pete Shoard, Andrew Davis, Mitchell Schneider, Published 10 October 2022Magic Quadrant for SD-WAN, Jonathan Forest, Naresh Singh, Andrew Lerner, Karen Brown, Published 27 September 2023Magic Quadrant for Enterprise Wired and Wireless LAN Infrastructure, Tim Zimmerman, Christian Canales, Nauman Raja, Mike Leibovitz, Published 06 March 2024Magic Quadrant for Network Firewalls, Rajpreet Kaur, Adam Hils, Thomas Lintemuth, Published 19 December 2022Magic Quadrant for Security Service Edge, Charlie Winckless, Thomas Lintemuth, Dale Koeppen, Published 15 April 2024Magic Quadrant for Access Management, Henrique Teixeira, Abhyuday Data, Nathan Harris, Robertson Pimental, Published 16 November 2023 (Mentioned in the Honorable Mentions section)Magic Quadrant for Single-Vendor SASE, Andrew Lerner, Jonathan Forest, Neil MacDonald, Nat Smith, Charlie Winckless, Published 16 August 2023
