Fortinet Buys ZoneFox, Adds Threat Analytics to SIEM, Endpoint Offerings
Fortinet has acquired ZoneFox, a Scottish threat detection and response solutions provider, for an undisclosed sum. The company will integrate ZoneFox’s cloud-based insider threat detection and response technology into its security information and event management (SIEM) and endpoint security offerings, according to a prepared statement.
The ZoneFox acquisition provides Fortinet customers with the following security capabilities:
- Visibility into endpoints and associated data flow and user behavior.
- Machine learning capabilities to distill billions of security events per day.
- Cloud-based architecture that captures data around user, device, resource, process and behavior.
- Forensics timeline recording of information and a search interface that helps security analysts determine how to improve an organization’s security posture.
- Zero-configuration agent, along with the ability to scale up to support over 10,000 agents.
- Out-of-the-box support for the European Union (EU) General Data Protection Regulation (GDPR) and other data security mandates.
Furthermore, Fortinet customers can leverage ZoneFox technology to detect anomalous behavior across on-premises and cloud environments, the company said. They also can use ZoneFox technology to speed up insider threat identification and response.
Fortinet Introduces Network Access Control Product for IoT Security
In addition to the ZoneFox acquisition, Fortinet in September unveiled the FortiNAC network access control product for Internet of Things (IoT) security.
FortiNAC provides visibility into an organization’s network endpoints, end users and trusted and untrusted devices and applications, according to Fortinet. It also allows an organization to establish security controls across its network devices and ensure only authorized users can access various applications, infrastructure and assets.
How Did Fortinet Perform in 2Q18?
The ZoneFox acquisition and FortiNAC release are among the moves that could help Fortinet boost its revenues following a successful second quarter of 2018. Notable Fortinet financial results for 2Q18 included:
- Total revenue of $441.3 million, up 21 percent year over year.
- Product revenue of $166.3 million, which represented a 17 percent year-over-year increase.
- Generally accepted accounting principles (GAAP) net income of $49.3 million, compared to $23 million one year earlier.
Fortinet has projected its total revenue will fall between $445 million and $455 million in 3Q18, and the company is expected to announce its 3Q18 financial results on November 1.