June 12, 2024 at 03:30PM
Fortinet is set to acquire Lacework, a cloud security firm, to bolster its secure access service edge (SASE) offerings with cloud-native security services. Lacework’s platform integrates artificial intelligence, machine learning, data collection, and code security tools to safeguard cloud workflows. The deal is expected to be completed in the second half of the year, with the terms undisclosed.
From the meeting notes, we have gathered that Fortinet has announced its intention to acquire Lacework to augment its secure access service edge (SASE) offerings with cloud-native security services. Lacework provides cloud-native application protection platform services that focus on protecting what’s happening inside the cloud infrastructure. This includes collecting and analyzing data from across cloud environments to help customers manage and secure their cloud workflows. Fortinet plans to integrate Lacework’s capabilities into its SASE portfolio, aiming to combine them with its firewall, Web application, and API protection (WAAP) capabilities. The deal is expected to be completed in the second half of the year, with financial terms remaining undisclosed.