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Fortinet Expands Cloud Security Portfolio with Lacework Acquisition

Fortinet announces plans to acquire Lacework, a late-stage cloud security startup that was once listed as a “unicorn” company valued north of $1 billion.

Fortinet acquiring Lacework

Longtime cybersecurity vendor Fortinet (NASDAQ: FTNT) on Monday announced plans to acquire Lacework, a late-stage cloud security startup that was once listed as a “unicorn” company valued north of $1 billion.

Financial terms of the transaction were not released.

Lacework, founded in January 2015 by Sanjay Kalra (CPO) and Vikram Kapoor (CTO) with a plan to simplify and automate the security of enterprise cloud deployments, raised a record-breaking $1.9 billion in multiple funding rounds. The company’s investors include Google Ventures, Altimeter Capital and Sutter HIll Ventures.

For Fortinet, the deal immediately modernizes its cloud security product line, adding well-baked cloud data security technologies from Lacework that’s already deployed at approximately 1,000 customers worldwide.

Once the deal closes, Fortinet said the plan is to integrate Lacework’s CNAPP product into the Fortinet Unified SASE offering to help customers identify, prioritize, and remediate risks and threats in cloud-native infrastructure from code to cloud.

“Specifically, the combination will allow customers to protect what’s happening inside the cloud app along with what’s happening between the app and the outside world,” according to Fortinet executive John Maddison.

As part of the acquisition, Fortinet said it will work on a seamless transition for Lacework customers and partners.  

Related: What’s Behind the Surge in Cybersecurity Unicorns?

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Related: Cloud Security Firm Lacework Lays Off 20% of Workforce

Related: Fortinet Acquires SASE Cloud Provider OPAQ Networks

Related: Cloud Security Firm Lacework Raises Record-Breaking $1.3 Billion

Related: Lacework Banks $525 Million as Cloud Security Market Heats Up

Written By

Ryan Naraine is Editor-at-Large at SecurityWeek and host of the popular Security Conversations podcast series. He is a security community engagement expert who has built programs at major global brands, including Intel Corp., Bishop Fox and GReAT. Ryan is a founding-director of the Security Tinkerers non-profit, an advisor to early-stage entrepreneurs, and a regular speaker at security conferences around the world.

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