Fortinet Completes Acquisition Of Former Cloud Security Unicorn Lacework
Summary
Lacework was also notable for being the third company to launch out of private equity firm Sutter Hill Ventures, following an incubation model that had earlier produced Pure Storage and Snowflake. For Fortinet, the Lacework deal will “provide an updated end-to-end (albeit fragmented) portfolio of multicloud-capable cloud and application security solutions to its customers,” the Forrester analysts wrote in their June post. Fortinet said in its news release Friday that it will see significant expansion of its capabilities through the acquisition of “cloud security and cloud-native application protection platform (CNAPP) trailblazer” Lacework. The combination of the two companies “will result in the most comprehensive, full-stack AI-driven cloud security platform available from a single vendor,” Fortinet CEO Ken Xie said in the news release. Fortinet previously emphasized its opportunity to integrate capabilities from Lacework’s CNAPP into its Unified SASE (secure access service edge) offering.
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