Fortinet announced Monday its plans to acquire cloud security firm Lacework to enhance its secure access service edge offerings with cloud-native security services.
Lacework integrates cloud-native application protection platform services to protect what’s happening inside the cloud infrastructure. The data-powered cloud security platform collects and analyzes data from across cloud environments so that customers can manage and secure their cloud workflows. The platform identifies and shares details about abnormal or unexpected activities that could indicate a security problem. Lacework offers AI and machine-learning technology, data collection capabilities, data lake, and code security tools, John Maddison, chief marketing officer at Fortinet, wrote in a blog post announcing the acquisition.
Fortinet plans to integrate capabilities from Lacework’s cloud-native application protection platform into its security access service edge portfolio. According to Maddison, integrating Lacework with Fortinet’s firewall and WAAP capabilities will allow customers to protect what’s happening inside the cloud application as well as what’s happening between the application and outside the network.
Back in 2021, Lacework was valued at $8.3 billion. Earlier this year, there were reports that Wiz was in talks with Lacework for a small fraction of the company’s valuation. The terms of Fortinet’s deal, expected to be completed in the second half of the year, were not disclosed
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