Fortinet, Symantec Partner to Deliver Cloud Security Service
Fortinet will integrate its FortiGate Next-Generation Firewall (NGFW) capabilities into the Symantec Web Security Service (WSS) to empower organizations with security controls across cloud, endpoint and network environments, according to a prepared statement.
In addition, Symantec will integrate its endpoint protection solutions into the Fortinet Security Fabric platform, the companies said.
A Closer Look at the Fortinet-Symantec Integrations
The FortiGate-WSS integration provides organizations with cloud-delivered threat prevention in a single service offering, the companies indicated. It offers cyber threat protection, provides access controls and safeguards sensitive information for secure and compliant cloud application and web use.
Meanwhile, the integration of Symantec Endpoint Protection and the Fortinet Security Fabric provides organizations with real-time, actionable threat intelligence, the companies stated. It also enables organizations to automate their cyberattack response.
A fully integrated Cloud Firewall Service within WSS is expected to be available in the first half of next year, according to the companies. Furthermore, elements of the Fortinet Security Fabric have been integrated into Symantec Endpoint Protection, and the companies intend to explore future security integrations.
What Do the Integrations Mean for Both Companies?
The Fortinet-Symantec integrations could help both companies capitalize on a global cloud firewall management market that is expected to grow.
Global cloud firewall management market revenues are projected to increase at a compound annual growth rate (CAGR) of 27.7 percent between 2016 and 2022, according to industry analyst Research and Markets. Also, the rising demand for cloud-based firewalls among organizations in myriad business sectors is one of the key factors that could accelerate the global cloud firewall management market’s growth.
Fortinet and Symantec: Here’s What You Need to Know
Founded in 2000, Fortinet offers access, application, endpoint and network security services to global organizations. Fortinet reported total revenue of $453.9 million in the third quarter of 2018, up 21 percent year over year, and has predicted its total revenue will fall between $490 million and $500 million in 4Q18.
Symantec manages global cyber intelligence networks to help businesses, consumers and government entities identify and address cyberattacks. The company recorded generally accepted accounting principles (GAAP) revenue of nearly $1.2 billion in the second quarter of fiscal year 2019 and has projected total revenue of $1.1 billion to $1.2 billion in 3QFY19.