December 12, 2024 at 10:10AM
Fortinet announced the acquisition of Israeli security company Perception Point for approximately $100 million. Perception Point enhances Fortinet’s security offerings with advanced threat detection and cloud-native solutions for email and collaboration platforms. This marks Fortinet’s third acquisition in 2024, following Next DLP and Lacework.
**Meeting Notes Takeaways:**
1. **Acquisition Announcement**: Fortinet has acquired Israeli security company Perception Point, enhancing its security offerings.
2. **Perception Point’s Solutions**: The company specializes in securing:
– Email
– Collaboration platforms
– Web browsers
– Cloud storage applications
3. **Key Features of Perception Point**:
– Advanced threat detection
– Browser security
– Image and file scanning
– Dynamic analysis of links and files
– API-level integration
4. **Integration into Fortinet Security Fabric**: The acquisition aims to expand user-facing security capabilities and enhance protections across various communication channels.
5. **Funding Background**: Perception Point has raised $48 million, with a total investment of $75 million as reported by Calcalist. The company had its last investment in 2021, with $28 million from a Series B round.
6. **Deal Value**: Fortinet acquired Perception Point for approximately $100 million, which is described as a modest exit for the latter.
7. **Confirmation Pending**: Both companies have been approached for confirmation regarding the acquisition details and funding amounts.
8. **Fortinet’s Recent Activity**: This acquisition marks Fortinet’s third in 2024, following the acquisitions of Next DLP and Lacework.
9. **Context of Cybersecurity M&A**: SecurityWeek has noted 380 cybersecurity mergers and acquisitions so far in 2024.