Opaq, which offers cloud-based security as a service offering was recently acquired by endpoint security provider Fortinet for an undisclosed amount. Trade analysts say that the deal was formulated to strengthen distributed network protection to remote users and IoT devices located across the globe.
Fortinet announced that the newly acquired technology from Opaq will help it offer complete Secure Access Service Edge (SASE) to customers seeking services across its portfolio of services.
“Adding Opaq allows us to be more flexible in terms of where and how customers want to apply security”, John Madison, Executive Vice President of Fortinet. As we already have a SASE offering, the inclusion of new technology gives us more flexible consumption options.
Furthermore, Fortinet will from now on include Secure Web Gateway and Zero Trust Network Access in the Cloud for customers seeing hybrid delivery models for existing clients.
After the deal, some of the Executives from Opaq are said to join the employee database of Fortinet. But Maddison isn’t sure how many of them will be joining his company later.
In 2020, Opaq’s purchase happens to be 3rd deal to Fortinet as it has earlier acquired CyberSponse and enSilo to strengthen its real-time automated detection and security response operations.
The American Network Security company is also known to purchase Zonefox for $18 million and Bradford networks for $17 million in 2018.
Note- Founded in 2017 and headquartered in Herndon, Opaq has reached the list of Fortune 1000 companies with regards to security in no time and has been assigned over 5 patents that are being managed by a highly experienced management team.
The post Cloud Security startup Opaq acquired by Fortinet appeared first on Cybersecurity Insiders.
July 21, 2020 at 11:02AM
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