Fortinet Acquires Network Monitoring and Remediation Innovator Panopta

Rhea-AI Summary

Fortinet (NASDAQ: FTNT) has acquired Panopta, a SaaS platform specializing in network monitoring and diagnostics. This acquisition enhances Fortinet's Security-driven Network approach by providing automated visibility and management for hybrid infrastructures. Panopta’s platform ensures high availability and performance of networks, crucial for organizations' digital initiatives. Key features include unified monitoring, cloud-native capabilities, and automated incident management, positioning Fortinet to better serve enterprises and service providers.

Positive

• Enhances Fortinet's Security-driven Networking with Panopta's advanced monitoring capabilities.
• Improves real-time network performance and security for hybrid infrastructures.
• Increases service capabilities for MSSPs and value-add partners.

Negative

• None.

Panopta SaaS-based Hybrid Infrastructure Monitoring and Diagnostics Platform to Further Ensure Fortinet Customer Networks are High Performing and Secure Through Automated NetSec Ops

SUNNYVALE, Calif., Dec. 08, 2020 (GLOBE NEWSWIRE) --

Ken Xie, Founder, Chairman of the Board, and CEO

“Given the complex and distributed nature of many IT environments, organizations need a high performance, secure network to successfully achieve their digital business initiatives. With the convergence of security and networking through a Security-driven Network approach organizations can get the connectivity and performance that is crucial to protect today’s hyper-connected businesses. Fortinet’s acquisition of Panopta complements our best-in-class security offerings with a SaaS platform that provides further network visibility and agile remediation for hybrid environments, including edge and cloud networks, to achieve even greater security and business efficiency.”

News Summary

Fortinet® (NASDAQ: FTNT), a global leader in broad, integrated and automated cybersecurity solutions, today announced it has acquired Panopta, the SaaS platform innovator that provides full stack visibility and automated management of the health of an enterprise network, including servers, network devices, containers, applications, databases, virtual appliances, and cloud infrastructure.

Customers are accelerating their digital innovation initiatives and user experience determines the success of an application. Making sure infrastructure has 100% uptime is critical. Panopta’s cloud-based solution delivers a complete picture of every service, network device, and application in any deployment, whether it is containers, cloud, on-prem, or hybrid. Fortinet’s Security Fabric, combined with Panopta’s scalable, network monitoring and diagnostics platform, enables Fortinet to offer the most comprehensive network and security operations management solution for enterprises or service providers.

In addition to further improving customers’ hybrid network infrastructure security and performance, the combined solution is expected to enhance real-time monitoring and effectiveness of the infrastructure that powers Fortinet’s security services, including cloud-based. For instance, SASE service, email, security analytics, and web application firewalls will benefit from the continuous monitoring and diagnostics provided by Panopta’s platform. Integration between Panopta’s solution and Fortinet’s FortiGate Next-generation Firewall and Secure SD-WAN solution will further enhance SD-WAN connectivity and performance. Furthermore, integration of Panopta’s automated incident management with our SOAR platform can deliver a single platform view for IT teams to diagnose and resolve real-time network health incidents proactively.

Panopta’s platform is built to be partner friendly, empowering MSSPs, and value-add partners to easily integrate the multi-tenant solution into their own offering and quickly add value to their end customers. The Panopta solution’s role-based access control delivers a granular governance layer between customers, and also within the Network Operations Center (NOC) and Security Operations Center (SOC) teams.

In the current remote workforce environment, the availability, performance, security, and quality of an application and its components all impact the end-user experience. Panopta’s solution analyzes both network health metrics and application performance to identify potential problem areas that may impact user access, and enables rapid, automated remediation (also called Digital Experience Monitoring or DEM).

With the Panopta acquisition, Fortinet will deliver the industry’s most comprehensive Security-driven Networking platform by adding new capabilities in network monitoring, detection and incident response. Features will include:

• Unified Monitoring and automated Incident Management that reduces response and resolution times for NOC teams and, in turn, helps exceed SLAs.
• Over 50 global points of presence (PoPS) with low-cost probes to simulate application performance and latency that may impact end user experience (also known as synthetic transaction monitoring).
• Cloud native monitoring for Kubernetes and PaaS workloads in AWS and Azure.
• Fully configurable alerting workflows with out-of-the-box integrations for third-party enterprise and modern communication tools.
• Another first-class partner-friendly service offering 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 strengthens Fortinet’s security portfolio and delivers the most comprehensive Security-driven Networking platform on the market. Additional insights into the acquisition can be found in this blog.
• 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 intelligence and research and the FortiGuard Security Subscriptions and Services portfolio.
• Learn more about Fortinet’s Network Security Expert (NSE) Training Institute, including its free cybersecurity training initiative, the NSE Certification Program, Security Academy Program and Veterans Program.
• Read more about how Fortinet customers are securing their organizations.
• Engage in the Fortinet User Community (Fuse). Share ideas and feedback, learn more about our products and technology, and 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 480,000 customers trust Fortinet to protect their businesses. Both a technology company and a learning organization, the Fortinet Network Security Expert (NSE) Training 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 the integration of, and plans for, the Panopta solution. Changes of circumstances, product release delays, changes in product and service plans, 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.

Media Contact:	Investor Contact:	Analyst Contact:
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 purpose of Fortinet's acquisition of Panopta?

The acquisition aims to enhance Fortinet's Security-driven Networking approach by integrating Panopta's monitoring and diagnostics solutions for hybrid infrastructures.

How will the acquisition of Panopta impact Fortinet's services?

The acquisition will enable Fortinet to provide better visibility and automated management for network health, improving security and performance for customers.

What features does Panopta's platform bring to Fortinet?

Panopta's features include unified monitoring, automated incident management, and cloud-native monitoring, which enhances the overall security and operational efficiency.

When was the acquisition of Panopta by Fortinet announced?

The acquisition was announced on December 8, 2020.

What are the expected benefits of Fortinet's acquisition of Panopta?

Expected benefits include improved network security and performance, enhanced monitoring capabilities, and better service offerings for enterprise customers.