SUNNYVALE, Calif., September 4, 2024
Fortinet® (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.
The acquisition of Next DLP supports our goal of steadily and strategically enhancing our solutions to continue protecting enterprises with the top security solutions on the market. Next DLP will significantly strengthen our data loss prevention capabilities, helping customers manage insider risk across SASE and endpoint deployments.
- Ken Xie, Founder, Chairman of the Board, and CEO at Fortinet
Innovating data security has been our sole focus since day one. By prioritizing the protection of our customers, we have developed leading solutions for insider risk and data protection. Data security and protection against insider threats are top priorities for enterprises, and integrating Next DLP with Fortinet will extend the reach of our leading data security solutions to organizations worldwide.
- Connie Stack, CEO at Next DLP
We see tremendous potential in combining Next DLP’s innovative technology with Fortinet’s market leadership. This acquisition recognizes the technical excellence of Next DLP’s team and provides a great platform for their further growth and success.
- Fredrik Halvorsen of majority shareholder Ubon Partners
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 Details
The deal has been signed and closed as of August 5, 2024.
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