“Sixty-percent of all security breaches result in stolen data starting within minutes of the breach and go undetected due to in effective threat monitoring and security event correlation. In addition, the lack of a holistic view across organizations’ entire distributed, multi-vendor networks and the growing quantity and complexity of threat information create big-data security challenges. With the acquisition of AccelOps, Fortinet extends its Security Fabric to address these challenges by combining security and compliance monitoring with advanced analytics for multi-vendor security solutions, enabling automated and actionable security intelligence from IoT to the cloud.” – Ken Xie, founder, chairman of the board and chief executive officer, Fortinet
Fortinet the global leader in high-performance cyber security solutions, today announced its acquisition of AccelOps, a leading provider of network security monitoring and analytics solutions. The acquisition further extends Fortinet’s recently announcedSecurity Fabric strategy by enhancing network security visibility, security data analytics and threat intelligence across multi-vendor solutions.
AccelOps solutions will become FortiSIEM and become part of the Fortinet Security Fabric. This will provide customers with greater visibility across both Fortinet and multi-vendor security solutions, thereby enabling more comprehensive end-to-end network segmentation strategies, from IoT to cloud. Security correlation and analytics results will feed directly into the Security Fabric allowing automated threat prevention.
Next Generation Security Information and Event Management, or Next Gen SIEM, capabilities from AccelOps coupled with FortiGuard Labs global threat intelligence and third-party threat feeds will be integrated into the Fortinet Security Fabric. Enterprises will benefit from prioritized, coordinated responses and actionable threat intelligence across the distributed network on a subscription basis.
AccelOps currently serves hundreds of clients across numerous vertical industries, including a strong presence in the Enterprise, Government, and Managed Service Provider segments. This acquisition builds on Fortinet’s already significant and growing total addressable market, with entry into the $2 billion SIEM market, which Gartner projects to grow to $2.9 billion by 2019.
“Fortinet and AccelOps share a common vision of providing holistic, actionable security intelligence across the entire IT infrastructure. Our mission has always been to help our customers make security and compliance management as effortless and effective as possible. The synergies between AccelOps’s solutions and Fortinet’s Security Fabric vision and thought leadership will ensure that our customers are protected with the most scalable and provenglobal threat intelligence, security and performance analytics and compliance and control across all types of network environments with multiple security and networking vendor products.” – Partha Bhattacharya, founder and chief technology officer, AccelOps
The acquisition is complete and effective immediately. Fortinet does not expect the transaction to have a material impact on the Company’s second quarter or full year 2016 financial guidance disclosed on April 26, 2016. Certain additional financial terms are disclosed in a supplemental Form 8-K filing, which can be accessed at investor.fortinet.com.