M&A Deal Summary

Fortinet Acquires Lacework

On June 10, 2024, Fortinet acquired internet software and services company Lacework

Acquisition Highlights
  • This is Fortinet’s 5th transaction in the Internet Software and Services sector.
  • This is Fortinet’s 12th transaction in the United States.
  • This is Fortinet’s 7th transaction in California.

M&A Deal Summary
Date 2024-06-10
Target Lacework
Sector Internet Software and Services
Buyer(s) Fortinet
Deal Type Add-on Acquisition
Advisor(s) Goldman Sachs (Financial)
Cooley (Legal)

Target

Lacework

San Jose, California, United States
Lacework is a data-driven security platform for the cloud. Lacework delivers an AI-powered cloud security platform that seamlessly integrates all critical CNAPP services. Lacework was formed in 2015 and is based in San Jose, California.

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Buyer(S) 1

Buyer

Fortinet

Sunnyvale, California, United States
Category Company
Founded 2000
Sector Information Technology
Employees13,522
Revenue 5.3B USD (2023)
DESCRIPTION
Entrance to Fortinet's corporate headquarters in Sunnyvale, California.
Entrance to Fortinet's corporate headquarters in Sunnyvale, California.

Fortinet provides network security appliances and unified threat management network security solutions. Fortinet was founded in 2000 and is based in Sunnyvale, California.

DEAL STATS #
Overall 13 of 14
Sector (Internet Software and Services) 5 of 5
Type (Add-on Acquisition) 13 of 14
State (California) 7 of 7
Country (United States) 12 of 13
Year (2024) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-12-08 Panopta

Chicago, Illinois, United States

Panopta LLC is a SaaS platform that provides full-stack visibility and automated management of the health of an enterprise network, including servers, network devices, containers, applications, databases, virtual appliances, and cloud infrastructure. Panopta was founded in 2007 and is based in Chicago, Illinois.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-08-06 Next

Boston, Massachusetts, United States

Next provides insider risk and data protection solutions to big and small organizations, from the Fortune 100 to fast-growing healthcare and technology companies. The Reveal Platform by Next uncovers risk, stops data loss, educates employees, and fulfills security, compliance, and regulatory needs. Next is based in Boston, Massachusetts.

Buy -
Mergr

Product

Company

Legal