Fortinet Announces Acquisition Of AccelOps
Fortinet today announced its acquisition of AccelOps, a network security monitoring and analytics solutions company. The acquisition extends Fortinet’s Security Fabric strategy by enhancing network security visibility, security data analytics and threat intelligence across multi-vendor solutions.
“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”, said Ken Xie, founder, chairman of the board and chief executive officer, Fortinet.
AccelOps solutions will become FortiSIEM and become part of the Fortinet Security Fabric. This will provide customers with greater visibility across both Fortinet and multi-vendor security solutions, thereby enabling more comprehensive end-to-end network segmentation strategies, from IoT to cloud. Security correlation and analytics results will feed directly into the Security Fabric allowing automated threat prevention.
Next Generation Security Information and Event Management, or Next Gen SIEM, capabilities from AccelOps coupled with FortiGuard Labs global threat intelligence and third-party threat feeds will be integrated into the Fortinet Security Fabric. Enterprises will benefit from prioritized, coordinated responses and actionable threat intelligence across the distributed network on a subscription basis.
AccelOps’s Security Operations Center (SoC) and Network Operations Center (NoC) capabilities will power Managed Security Service Providers (MSSPs) and Fortinet Support Services, including a new subscription service called FortiCare 360° Support. This new service will provide customers with automated security and performance audits of their specific security infrastructure and advisories to help prevent unplanned service disruptions as well as prevent problems before they impact performance and service delivery.
AccelOps currently serves hundreds of clients across numerous vertical industries, including a strong presence in the Enterprise, Government, and Managed Service Provider segments. This acquisition builds on Fortinet’s already significant and growing total addressable market, with entry into the $2 billion SIEM market, which Gartner projects to grow to $2.9 billion by 2019.
Partha Bhattacharya, founder and chief technology officer, AccelOps said, “Fortinet and AccelOps share a common vision of providing holistic, actionable security intelligence across the entire IT infrastructure. Our mission has always been to help our customers make security and compliance management as effortless and effective as possible. The synergies between AccelOps’s solutions and Fortinet’s Security Fabric vision and thought leadership will ensure that our customers are protected with the most scalable and proven global threat intelligence, security and performance analytics and compliance and control across all types of network environments with multiple security and networking vendor products.”
The acquisition is complete and effective immediately. Fortinet does not expect the transaction to have a material impact on the Company’s second quarter or full year 2016 financial guidance disclosed on April 26, 2016.
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