American multinational corporation Fortinet today announced the acquisition of OPAQ Networks. Financial conditions of the offer ended up not disclosed.
OPAQ is a Protected Entry Provider Edge (SASE) cloud company based in Herndon, Virginia. The company is recognized for its Zero Have faith in Network Entry (ZTNA) cloud option, intended to defend all forms of dispersed networks, such as facts facilities, branch workplaces, distant end users, and Internet of Factors (IoT) devices.
Considering the fact that currently being started in 2017, OPAQ has opened business in 8 states across The us and now employs about 50 people today. Prior to its have acquisition, the enterprise obtained Bat Blue Networks and Drawbridge Networks in 2017 and FourV Methods in 2018.
With Fortinet’s acquisition of the organization now total, OPAQ’s patented ZTNA option has been mixed with Fortinet’s present SASE offering in a bid to type the best-in-course SASE cloud security system.
According to Fortinet, this new system will boast the industry’s only accurate zero rely on entry and security by furnishing field-leading future-technology firewall and SD-WAN capabilities, web security, sandboxing, sophisticated endpoint, identity/multi-aspect authentication, multi-cloud workload security, cloud application security broker (CASB), browser isolation, and web application firewalling abilities.
Fortinet is headquartered in Sunnyvale, California. The business was established in 2000 by brothers Ken and Michael Xie.
Commenting on the acquisition, CEO and Chairman of the Board Ken Xie said: “The latest SASE current market momentum further validates our Security-pushed Networking approach and underscores what we’ve been saying for several years. In this period of hyperconnectivity and growing networks with the network edge stretching throughout the entire digital infrastructure, networking and security should converge.”
Xie mentioned attaining OPAQ would help Fortinet’s SASE system turn out to be the most in depth a single in existence.
“The Fortinet SASE system delivers the broadest security and sector-main SD-WAN and networking choices that can all be shipped to prospects and companions by way of a versatile, price tag effective and patented zero-trust cloud architecture,” stated Ken.
“The acquisition of OPAQ essentially even further improves our present SASE presenting enabling Fortinet to deliver the most complete SASE platform on the industry.”
In 2018, Fortinet bought menace analytics company ZoneFox for $18m and IoT-targeted security company Bradford Networks for $17m.