Fortinet on Wednesday announced the acquisition of Israeli security company Perception Point.
Perception Point provides solutions for securing email, collaboration platforms, web browsers, and cloud storage applications, which enable Fortinet to expand and enhance its offering.
Fortinet said it acquired Perception Point for features such as advanced threat detection, browser security, image and file scanning, dynamic analysis of links and files, and API-level integration.
“Delivered through a cloud-native architecture, the addition of this [Perception Point] solution to the Fortinet Security Fabric will add to our user-facing security capabilities by broadening protections across diverse communication channels, including collaboration applications, cloud storage applications, messaging platforms, and social networks,” Fortinet said.
Perception Point is known to have raised $48 million in funding, with the most recent investment amount disclosed in 2021, when it secured $28 million in a Series B round.
However, Israeli publication Calcalist reported that Perception Point has actually raised $75 million in total. Calcalist learned that Fortinet has paid roughly $100 million for Perception Point, describing the deal as a modest exit for the latter.
We have reached out to both Fortinet and Perception Point for confirmation on these numbers and the article will be updated if they respond.
SecurityWeek has tracked 380 cybersecurity M&A deals to date in 2024. This is Fortinet’s third acquisition this year, after Next DLP and Lacework.
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