8-KOther Events

Fortinet, Inc. 8-K Report, Corporate Update (Oct 23, 2018)

Filed October 23, 2018For Securities:FTNT

Summary

Fortinet, Inc. (FTNT) announced on October 23, 2018, the acquisition of ZoneFox Limited, a Scotland-based company specializing in cloud-based insider threat detection and response. This strategic move significantly enhances Fortinet's security fabric by integrating ZoneFox's machine learning-driven threat-hunting technology. The acquisition is expected to bolster Fortinet's endpoint detection and response (EDR) capabilities and enrich its FortiSIEM platform with advanced user entity behavior analytics (UEBA) features, available both on-premises and in the cloud.

Key Highlights

  • 1Fortinet acquires ZoneFox Limited, a cloud-based insider threat detection and response company.
  • 2The acquisition strengthens Fortinet's endpoint detection and response (EDR) capabilities.
  • 3ZoneFox's machine learning-based threat-hunting technology will be integrated into Fortinet's offerings.
  • 4The acquisition enhances FortiSIEM with additional user entity behavior analytics (UEBA) features.
  • 5The integrated solutions will be available for both on-premises and cloud deployments.
  • 6The initial consideration for the acquisition was approximately $18 million, subject to adjustments.

Frequently Asked Questions

The acquisition of ZoneFox primarily enhances Fortinet's security offerings by integrating advanced machine learning-based threat-hunting technology for insider threat detection and response. This strengthens their endpoint detection and response (EDR) capabilities and enriches their FortiSIEM platform with user entity behavior analytics (UEBA).

Fortinet acquired ZoneFox for an initial consideration of approximately $18 million, subject to certain customary adjustments. This indicates a modest investment for a company focusing on a critical security niche.

ZoneFox's technology will be integrated into Fortinet's security fabric, specifically enhancing their FortiSIEM product with advanced UEBA features. It will also bolster their endpoint detection and response (EDR) capabilities, providing a more comprehensive security solution for customers.

Yes, the report states that the integrated capabilities, particularly the UEBA features derived from ZoneFox, will be available for both on-premises and cloud deployments, offering flexibility to Fortinet's customer base.