Fortinet Acquires Cloud Security and Networking Innovator OPAQ Networks
Fortinet (NASDAQ: FTNT), a leader in integrated cybersecurity solutions, announced the acquisition of OPAQ Networks, a Secure Access Service Edge (SASE) cloud provider. This strategic move enhances Fortinet's SASE offerings by integrating OPAQ's Zero Trust Network Access (ZTNA) cloud solution, thus protecting distributed networks including IoT devices. The deal positions Fortinet to deliver a robust, partner-friendly SASE platform that emphasizes scalability and security, leveraging their patented zero-trust cloud architecture. Financial terms of the acquisition remain undisclosed.
- Acquisition enhances Fortinet's SASE offerings with OPAQ's ZTNA solution.
- Improves scalability, performance, and security compared to competitors.
- Broad integrated suite of cloud security solutions providing true Zero Trust security.
- Partner-friendly platform attracting MSSPs and carriers for integration.
- None.
SUNNYVALE, Calif., July 20, 2020 (GLOBE NEWSWIRE) --
Ken Xie, Founder, Chairman of the Board, and CEO
“The recent SASE market momentum further validates our Security-driven Networking approach and underscores what we’ve been saying for years. In this era of hyperconnectivity and expanding networks; with the network edge stretching across the entire digital infrastructure, networking and security must converge. In fact the acquisition of OPAQ actually further enhances our existing SASE offering enabling Fortinet to deliver the most complete SASE platform on the market. The Fortinet SASE platform delivers the broadest security and industry-leading SD-WAN and networking offerings that can all be delivered to customers and partners through a flexible, cost efficient and patented zero-trust cloud architecture.”
News Summary
Fortinet® (NASDAQ: FTNT), a global leader in broad, integrated and automated cybersecurity solutions, today announced it has acquired OPAQ Networks, a Secure Access Service Edge (SASE) cloud provider based in Herndon, Virginia. OPAQ’s Zero Trust Network Access (ZTNA) cloud solution protects organizations’ distributed networks – from data centers, to branch offices, to remote users, and Internet of Things (IoT) devices.
Fortinet’s Security Fabric combined with OPAQ’s patented ZTNA solution enhances Fortinet’s existing SASE offering to form the best-in-class SASE cloud security platform with the industry’s only true Zero Trust access and security by providing industry-leading next-generation firewall and SD-WAN capabilities, web security, sandboxing, advanced endpoint, identity / multi factor authentication, multi-cloud workload protection, cloud application security broker (CASB), browser isolation, and web application firewalling capabilities.
Moreover, OPAQ’s platform is purpose built to be partner friendly, empowering MSSPs, carriers and high value-add partners to easily integrate the SASE multi-tenant platform into their own offering and add value to business and government organization customers with their Network Operations Center and Security Operations Center expertise and advanced professional services.
Given remote workforce trends, with exponentially more users, devices, applications, services, and data outside of a traditional enterprise edge than inside, the integration of Fortinet’s broad Security Fabric with OPAQ’s cloud platform will offer customers and partners even more choices in how they can consume best-of-breed security and is yet another unique and differentiated way Fortinet is empowering customers with the best, integrated security and networking innovation in real-time.
With the OPAQ acquisition, unlike other cloud security providers, Fortinet will deliver:
- The best of scalability, performance, and security compared to any cloud security vendor.
- A broad integrated suite of cloud security solutions providing true Zero Trust security, unlike other ZTNA providers who leave many unprotected gaps in the attack surface.
- One-of-a-kind ZTNA solution with continuous security innovation at scale, leveraging Fortinet’s top-notch R&D talent to deliver security substance “under the hood”.
- Security and networking fully integrated, including Fortinet’s industry-leading SD-WAN, furthering the company’s Security-driven Networking approach.
- The most partner-friendly ZTNA offering in the market that remains true to Fortinet’s ongoing commitment to its valued partners.
Financial terms of the deal were not disclosed.
Additional Resources
- Learn more about how this acquisition expands the company’s SASE offerings and delivers the most complete SASE platform on the market.
- Find out how the Fortinet Security Fabric platform delivers broad, integrated, and automated protection across an organization’s entire digital infrastructure.
- Learn more about FortiGuard Labs threat research and the FortiGuard Security Subscriptions and Services portfolio.
- Learn more about Fortinet’s free cybersecurity training initiative or about the Fortinet Network Security Expert program, Network Security Academy program, and FortiVet program.
- Engage in our Fortinet user community (Fuse). Share ideas and feedback, learn more about our products and technology, or connect with peers.
- Follow Fortinet on Twitter, LinkedIn, Facebook, YouTube, and Instagram.
About Fortinet
Fortinet (NASDAQ: FTNT) secures the largest enterprise, service provider, and government organizations around the world. Fortinet empowers our customers with complete visibility and control across the expanding attack surface and the power to take on ever-increasing performance requirements today and into the future. Only the Fortinet Security Fabric platform can address the most critical security challenges and protect data across the entire digital infrastructure, whether in networked, application, multi-cloud or edge environments. Fortinet ranks #1 in the most security appliances shipped worldwide and more than 455,000 customers trust Fortinet to protect their businesses. Both a technology company and a learning organization, the Fortinet Network Security Expert (NSE) Institute has one of the largest and broadest cybersecurity training programs in the industry. Learn more at http://www.fortinet.com, the Fortinet Blog, or FortiGuard Labs.
FTNT-F
Copyright © 2020 Fortinet, Inc. All rights reserved. The symbols ® and ™ denote respectively federally registered trademarks and common law trademarks of Fortinet, Inc., its subsidiaries and affiliates. Fortinet’s trademarks include, but are not limited to, the following: Fortinet, the Fortinet logo, FortiGate, FortiOS, FortiGuard, FortiCare, FortiAnalyzer, FortiManager, FortiASIC, FortiClient, FortiCloud, FortiCore, FortiMail, FortiSandbox, FortiADC, FortiAI, FortiAP, FortiAppEngine, FortiAppMonitor, FortiAuthenticator, FortiBalancer, FortiBIOS, FortiBridge, FortiCache, FortiCam, FortiCamera, FortiCarrier, FortiCASB, FortiCenter, FortiCentral,FortiConnect, FortiController, FortiConverter, FortiCWP, FortiDB, FortiDDoS, FortiDeceptor, FortiDirector, FortiDNS, FortiEDR, FortiExplorer, FortiExtender, FortiFone, FortiHypervisor, FortiInsight, FortiIsolator, FortiLocator, FortiLog, FortiMeter, FortiMoM, FortiMonitor, FortiNAC, FortiPartner, FortiPortal, FortiPresence , FortiProtect, FortiProxy, FortiRecorder, FortiReporter, FortiScan, FortiSDNConnector, FortiSIEM, FortiSDWAN, FortiSMS, FortiSOAR, FortiSwitch, FortiTester, FortiToken, FortiTrust, FortiVoice, FortiVoIP, FortiWAN, FortiWeb, FortiWiFi, FortiWLC, FortiWLCOS and FortiWLM.
Other trademarks belong to their respective owners. Fortinet has not independently verified statements or certifications herein attributed to third parties and Fortinet does not independently endorse such statements. Notwithstanding anything to the contrary herein, nothing herein constitutes a warranty, guarantee, contract, binding specification or other binding commitment by Fortinet or any indication of intent related to a binding commitment, and performance and other specification information herein may be unique to certain environments. This news release may contain forward-looking statements that involve uncertainties and assumptions, such as statements regarding technology releases among others. Changes of circumstances, product release delays, or other risks as stated in our filings with the Securities and Exchange Commission, located at www.sec.gov, may cause results to differ materially from those expressed or implied in this press release. If the uncertainties materialize or the assumptions prove incorrect, results may differ materially from those expressed or implied by such forward-looking statements and assumptions. All statements other than statements of historical fact are statements that could be deemed forward-looking statements. Fortinet assumes no obligation to update any forward-looking statements, and expressly disclaims any obligation to update these forward-looking statements.
| 33%; width: | 33%; width: | 34%; width: |
| Tiffany Curci | Peter Salkowski | Ron Davis |
| Fortinet, Inc. | Fortinet, Inc. | Fortinet, Inc. |
| 408-235-7700 | 408-331-4595 | 415-806-9892 |
| pr@fortinet.com | psalkowski@fortinet.com | rdavis@fortinet.com |
FAQ
What is the significance of Fortinet's acquisition of OPAQ Networks?
How does Fortinet's acquisition of OPAQ impact its security offerings?
What are the financial details of the Fortinet and OPAQ acquisition?
When was the acquisition of OPAQ Networks by Fortinet announced?
What is Fortinet's stock symbol?
