Fortinet, a global leader in cybersecurity, has announced a significant move to bolster its Unified Secure Access Service Edge (SASE) solution with the acquisition of Next DLP, a company renowned for its innovative insider risk and data protection technologies. This acquisition, finalized on August 5, 2024, positions Fortinet to further enhance its capabilities in standalone and integrated data loss prevention (DLP) markets, thereby reaffirming its leadership in the cybersecurity domain.
Ken Xie, Founder, Chairman of the Board, and CEO at Fortinet, emphasized the strategic importance of this acquisition, stating, “The acquisition of Next DLP supports our goal of steadily and strategically enhancing our solutions to continue protecting enterprises with the top security solutions on the market. Next DLP will significantly strengthen our data loss prevention capabilities, helping customers manage insider risk across SASE and endpoint deployments.”
Next DLP, recognized by industry analysts and recently named a Representative Vendor in the 2023 Gartner Market Guide for Data Loss Prevention and the 2023 Gartner Market Guide for Insider Risk Management Solutions, delivers a leading next-generation, cloud-native SaaS data protection platform. This platform extends from endpoint to cloud, providing comprehensive protection for modern enterprises.
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Connie Stack, CEO at Next DLP, expressed optimism about the integration with Fortinet, stating, “Innovating data security has been our sole focus since day one. By prioritizing the protection of our customers, we have developed leading solutions for insider risk and data protection. Data security and protection against insider threats are top priorities for enterprises, and integrating Next DLP with Fortinet will extend the reach of our leading data security solutions to organizations worldwide.”
This acquisition not only enhances Fortinet’s data loss prevention capabilities but also aligns with the company’s broader strategy of offering a top-tier Unified SASE solution. By integrating Next DLP’s advanced AI/ML-based anomaly detection and classification capabilities, Fortinet is poised to deliver even more robust security solutions to its customers.
Fredrik Halvorsen of Ubon Partners, the majority shareholder of Next DLP, also commented on the acquisition, highlighting the potential for growth and success. “We see tremendous potential in combining Next DLP’s innovative technology with Fortinet’s market leadership. This acquisition recognizes the technical excellence of Next DLP’s team and provides a great platform for their further growth and success.”
As Fortinet continues to drive the convergence of networking and security, this acquisition marks another milestone in its mission to secure people, devices, and data everywhere. The integration of Next DLP’s cutting-edge technology into Fortinet’s Security Fabric is expected to provide enterprises worldwide with enhanced protection against data loss and insider threats.
For more information, visit Fortinet’s official website or follow their updates on social media platforms.
