Fortinet is taking on cloud security expertise by acquiring Lacework. Later this year, Lacework’s CNAPP should be integrated into Fortinet’s products.
Lacework was almost acquired by Wiz earlier this year. However, the acquisition process broke down during the due diligence process, although the finger was not put on the sore spot. This may have been due to the financial review or consideration of whether the two companies’ products were a good fit.
This paved the way for other cybersecurity providers to take a chance on Lacework. Fortinet seized the opportunity; no financial details were released about the acquisition. During Wiz’s acquisition, the deal was evaluated between 140 million and 190 million euros.
CNAPP
Lacework can build out Fortinet’s cybersecurity tools with a cloud-native application protection platform (CNAPP). The platform has unique features for securing hybrid cloud environments, according to Fortinet. “In the CNAPP market, most vendors help customers contextualize their risks, or help customers recognize their threats. One vendor stood out from the rest because of its ability to do both on a single, unified data-driven platform built organically: Lacework.”
The platform additionally monitors cloud environments and knows when a hacker is trying to exploit them. This is done based on AI and gives the user a clear overview of the hacker’s actions.
Fortinet would like to integrate the platform into existing web application protection tools and app programming tools for intrusion attempts.
Also read: Update: ‘Wiz acquisition deal for Lacework collapses’