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Fortinet Expands Data Security Portfolio with Acquisition of Next DLP

Security

Business Honor
13 August, 2024

This acquisition follows Fortinet's purchase of Lacework Inc., another venture-backed cybersecurity firm, two months ago

Fortinet Inc., a leading provider of cybersecurity solutions, has acquired Next DLP Inc., a startup known for its advanced data security platform, Reveal. The acquisition, announced today, strengthens Fortinet’s data loss prevention (DLP) capabilities, though financial terms were not disclosed.

Next DLP’s Reveal platform offers a cloud-based solution that monitors employee interactions with internal data, identifying potential cybersecurity risks. The software can prevent unauthorized actions, such as the transfer of sensitive documents to personal cloud accounts, by utilizing a lightweight agent installed on workers’ devices. Reveal also integrates with the MITRE Insider Threat Knowledge Base to detect and notify administrators of suspicious activities. In addition to security monitoring, Reveal doubles as a training tool, providing real-time feedback to employees on cybersecurity practices. This feature is designed to reinforce company policies and improve overall data security awareness. This acquisition follows Fortinet's purchase of Lacework Inc., another venture-backed cybersecurity firm, two months ago. Lacework brought capabilities for detecting vulnerabilities in cloud environments and enterprise applications.

Fortinet’s CEO Ken Xie stated that Next DLP would significantly enhance the company’s ability to manage insider risk across Secure Access Service Edge (SASE) and endpoint deployments. The acquisition aligns with Fortinet’s strategy to broaden its cybersecurity offerings and strengthen its position in the market. The improved DLP capabilities will benefit Fortinet's increasing customer base, which brought in $1.43 billion in sales during the most recent quarter, demonstrating the company's dedication to providing comprehensive cybersecurity solutions.