STOCK TITAN

Telefonica's ElevenPaths Expands its Collaboration with Fortinet to Improve Industrial Sector Security

Rhea-AI Impact
(Neutral)
Rhea-AI Sentiment
(Neutral)
Tags
Rhea-AI Summary

Fortinet and ElevenPaths have expanded their partnership to enhance managed security services for the industrial sector. This collaboration will leverage Fortinet's Security Fabric solutions to bolster protection for organizational OT, IT, and IoT environments amidst increasing security demands. Alberto Sempere of ElevenPaths emphasizes the need to manage security risks introduced by digital transformations, while Fortinet's extensive OT security suite offers comprehensive solutions to secure critical infrastructures. This alliance positions ElevenPaths as a leader in industrial cybersecurity.

Positive
  • Expansion of partnership between Fortinet and ElevenPaths enhances managed security services for industrial customers.
  • Utilization of Fortinet's Security Fabric solutions improves security for OT, IT, and IoT environments.
  • ElevenPaths is positioned as a leader in industrial cybersecurity, leveraging expert teams and services.
Negative
  • None.

MADRID, Spain and SUNNYVALE, Calif., June 16, 2020 (GLOBE NEWSWIRE) -- ElevenPaths, the cybersecurity unit of Telefónica Tech, and Fortinet, a global leader in broad, integrated and automated cybersecurity solutions, announced today the expansion of their collaboration to offer new managed security services for industrial sector customers to provide advanced security for their operation technology (OT), information technology (IT) and Internet of Things (IoT) environments.

Through this expanded partnership, ElevenPaths is leveraging the Fortinet Security Fabric’s solutions for industrial controls systems to meet organizations’ growing demand for managed security services to ensure OT and IT environment are protected and compliant. ElevenPaths will offer its customers Fortinet's OT security solutions with best-of-breed threat protection for corporate IT environments that extend from the data center, to the cloud, to the network perimeter, combined with the global reach and extensive experience of Telefónica's security professionals to provide the best service to different industrial sectors.

“Many of our clients are undergoing digital transformations where OT and IoT technologies play a leading role. Although there are significant benefits to these technologies, they also introduce greater exposure to security risks that must be properly managed and addressed. Fortinet's technology is an integral part of our cybersecurity offerings and strategy to ensure we’re addressing our customers’ new and growing security risks,” said Alberto Sempere, Director of Product and Marketing at ElevenPaths.

Fortinet has the most comprehensive suite of solutions for the protection of industrial environments in the cybersecurity market. As an established leader in OT security and safety, Fortinet is able to address a wide range of challenges from siloed IT and OT environments, providing instant protection of vulnerabilities and secure remote access, thus addressing the cybersecurity, safety and reliability challenges being faced by the OT industry.

“Fortinet and ElevenPaths have a longstanding partnership, working together to help our customers secure their rapidly evolving digital innovations. We’re thrilled to further expand our collaboration to combine ElevenPaths security services with Fortinet’s broad, integrated and automated Security Fabric capabilities to provide advanced security to OT networks and critical infrastructures,” said John Maddison, Executive Vice President of Products and CMO at Fortinet.

ElevenPaths is positioned as a leader in cybersecurity for industrial environments, bringing the knowledge of its multidisciplinary teams of experts, the capacity of its intelligent MSSPs that offer global managed services, as well as its experience as a critical communications operator and a provider of physical security services to offer a differentiating digital security proposal to its customers worldwide.

"The challenge of digitalization in the industrial sector is a reality in Latin America markets. Despite being a sector that is more resistant to change and evolving at a slower technological pace, the words savings, optimization, acceleration, and improvement are starting to be among the main concerns of OT and IT leaders. A partner, like ElevenPaths, that can reach the market, is key to supporting industrial sectors with Fortinet solutions to minimize cybersecurity risks, allowing organizations to take advantage of the visibility and added value delivered by new technologies to monitor and optimize real-time production processes, making them safer, simpler, more efficient and profitable,” said Joao Horta, Vice President of Sales to Service Providers at Fortinet for Latin America and the Caribbean.

Fortinet and ElevenPaths have been working together for several years, and in June 2016 they strengthened their collaboration by incorporating Fortinet's Security Fabric platform into ElevenPaths’ managed security services. Now ElevenPaths will be leveraging Fortinet’s IT, OT and IoT security solutions, further expanding their strategic partnership. ElevenPaths is an MSSP Expert Partner working together in Europe and Latin America to strengthen the security of mutual customers.

ElevenPaths is also a Fabric-Ready technology alliance partner in Fortinet’s Open Fabric Ecosystem. The Fortinet Open Fabric Ecosystem is one of the largest in the cybersecurity industry with over 360 technology integrations, and extends the benefits of the Security Fabric to mutual customers, and enables them to attain advanced and comprehensive security across their infrastructure. 

Cybersecurity is one of the digital services offered by Telefónica that has recently been integrated, together with cloud and IoT/Big Data, into Telefónica Tech, a new unit that brings together these three businesses with high growth potential, focused on supporting its customers with their digital transformation.  

About ElevenPaths

At ElevenPaths, the Telefónica Group’s global cybersecurity company, we believe that a safer digital world is possible.  We support our customers with their digital transformation, creating disruptive innovation in cybersecurity to provide the privacy and trust required in our daily digital lives.

We combine the freshness and energy of a start-up with the knowledge, power, and strength of a global Telco to provide innovative solutions spanning across prevention, detection, and response to daily threats in our digital world.

We also work to ensure a safer digital environment through strategic alliances that allow us to enhance our customer's security, as well as through collaborations with leading organizations and entities such as the European Commission, CyberThreat Alliance, ECSO, EuroPol, Incibe, and the OAS.

More information:

elevenpaths.com
@ElevenPaths

blog.elevenpaths.com

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-O

Media Contact: Stephanie Lira
Fortinet
pr@fortinet.com


FAQ

What companies are collaborating in the new managed security services for industrial customers?

Fortinet and ElevenPaths are collaborating to expand managed security services for industrial sector customers.

What is the focus of ElevenPaths and Fortinet's partnership?

The partnership focuses on enhancing security for operational technology (OT), information technology (IT), and Internet of Things (IoT) environments.

What challenges do OT and IoT technologies introduce according to ElevenPaths?

OT and IoT technologies introduce greater exposure to security risks that need to be managed effectively.

What solutions will ElevenPaths offer through this partnership?

ElevenPaths will offer Fortinet's OT security solutions to protect corporate IT environments.

What market is particularly focused on by ElevenPaths and Fortinet?

The Latin American market is emphasized as a key area for digitalization and cybersecurity improvements.

Fortinet, Inc.

NASDAQ:FTNT

FTNT Rankings

FTNT Latest News

FTNT Stock Data

73.20B
632.45M
17.48%
69.75%
1.65%
Software - Infrastructure
Computer Peripheral Equipment, Nec
Link
United States of America
SUNNYVALE