Fortinet’s $100M Modest Exit: Expanding with Perception Point’s Cybersecurity Tools
Fortinet’s acquisition of Perception Point adds advanced threat detection and browser security to its arsenal. With a $100 million price tag, this deal enhances Fortinet’s user-facing security offerings across various communication platforms. The acquisition marks Fortinet’s third cybersecurity purchase in 2024, showcasing its commitment to expanding security capabilities.
Hot Take:
**_Well, Fortinet just went shopping and came back with a shiny new toy from Israel! While most people are out there buying groceries, Fortinet decided to snag Perception Point to beef up their cybersecurity buffet. It’s like they went to the market for a cucumber and came back with a full salad bar!_**
Key Points:
– Fortinet has acquired Israeli security company Perception Point.
– Perception Point specializes in securing email, collaboration platforms, web browsers, and cloud storage.
– Fortinet aims to enhance its offering with Perception Point’s advanced threat detection features.
– The acquisition reportedly cost Fortinet around $100 million.
– This is Fortinet’s third acquisition in 2024, following Next DLP and Lacework.