Network security vendor Fortinet, on Friday said that it would acquire Coyote Point Systems, a privately-held maker of load balancers and application delivery controllers for medium and small enterprises.
According to Coyote Point’s website, its customers range from small companies to large Fortune 500 firms including USA Today, Motorola, and Comcast.
“This acquisition complements Fortinet’s Network Security strategy and allows the company and our channel partners to accelerate and further deliver on our vision of providing complete and comprehensive security into the enterprise,” said Ken Xie, founder, president and chief executive officer of Fortinet.
Application delivery controllers (ADCs) provide functions that optimize enterprise application environments. Enterprises use ADCs to optimize reliability, end-user performance, data center resource use and security for a variety of enterprise applications, the company explained.
Xie said the acquisition would generate synergy among Fortinet’s current offerings, including its FortiGate, FortiBalancer, FortiDDoS and FortiWeb platforms.
“As more enterprises turn to the cloud, data centers are going to require higher performance solutions coupled with strong security,” said John Grady, research manager at IDC said in a statement. “In this environment, security and application delivery must work hand-in-hand, to ensure quality of service while still preventing attacks. This acquisition places Fortinet in a unique position to deliver on both aspects in one solution.”
Fortinet said that no immediate changes would be made to Coyote Point’s product offerings.
The terms of the acquisition were not disclosed, though Fortinet does not expect the deal to be material to its Q1 operating results, indicating that the acquisition price tag was rather small for the $3.7+ billion security firm.