Connect with us

Hi, what are you looking for?



Fortinet Acquires Security Monitoring Firm AccelOps

Network security company Fortinet (FTNT) announced on Tuesday the acquisition of AccelOps, a Santa Clara, CA-based firm that specializes in network security monitoring and performance analytics solutions.

Network security company Fortinet (FTNT) announced on Tuesday the acquisition of AccelOps, a Santa Clara, CA-based firm that specializes in network security monitoring and performance analytics solutions.

The acquisition is complete and effective immediately. A SEC filing shows that Fortinet has paid $28 million in cash for AccelOps and it’s prepared to pay up to another $4 million depending on future performance.

According to Fortinet, AccelOps solutions will become FortiSIEM and will be part of the company’s new security fabric architecture, which integrates endpoint, network, access layer, application, content, cloud, and data center security technologies into a single solution managed through a single interface.

Fortinet will rely on AccelOps’ next generation SIEM capabilities to strengthen and improve its position on the SIEM market, which is currently estimated at $2 billion.

The security operations center (SOC) and network operations center (NOC) capabilities from AccelOps will be added to Fortinet’s offering for Managed Security Service Providers (MSSPs) and will power Fortinet Support Services, including a new service that provides automated security and performance audits to help organizations prevent disruptions.

“Sixty-percent of all security breaches result in stolen data starting within minutes of the breach and go undetected due to ineffective 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,” said Ken Xie, founder and CEO of Fortinet. “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.”

According to Fortinet, AccelOps has hundreds of customers in the enterprise, government and MSP sectors.

Advertisement. Scroll to continue reading.

Related: Fortinet Unveils New Security Fabric, High-Performance Firewalls

Related: Backdoor Found in Several Fortinet Products

Written By

Eduard Kovacs (@EduardKovacs) is a managing editor at SecurityWeek. He worked as a high school IT teacher for two years before starting a career in journalism as Softpedia’s security news reporter. Eduard holds a bachelor’s degree in industrial informatics and a master’s degree in computer techniques applied in electrical engineering.

Click to comment

Daily Briefing Newsletter

Subscribe to the SecurityWeek Email Briefing to stay informed on the latest threats, trends, and technology, along with insightful columns from industry experts.

Join security experts as they discuss ZTNA’s untapped potential to both reduce cyber risk and empower the business.


Join Microsoft and Finite State for a webinar that will introduce a new strategy for securing the software supply chain.


Expert Insights

Related Content

Application Security

Cycode, a startup that provides solutions for protecting software source code, emerged from stealth mode on Tuesday with $4.6 million in seed funding.

Cybersecurity Funding

SecurityWeek investigates how political/economic conditions will affect venture capital funding for cybersecurity firms during 2023.

Identity & Access

Zero trust is not a replacement for identity and access management (IAM), but is the extension of IAM principles from people to everyone and...

Cyber Insurance

Cyberinsurance and protection firm Boxx Insurance raises $14.4 million in a Series B funding round led by Zurich Insurance.


Thirty-five cybersecurity-related M&A deals were announced in February 2023

Cybersecurity Funding

Network security provider Corsa Security last week announced that it has raised $10 million from Roadmap Capital. To date, the company has raised $50...


Forty-one cybersecurity-related M&A deals were announced in March 2023.


Forty cybersecurity-related M&A deals were announced in January 2023.