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M&A Deal Summary

Fortinet Acquires Next

On August 6, 2024, Fortinet acquired information technology company Next

Acquisition Highlights
  • This is Fortinet’s 5th transaction in the Information Technology sector.
  • This is Fortinet’s 13th transaction in the United States.
  • This is Fortinet’s 2nd transaction in Massachusetts.

M&A Deal Summary
Date 2024-08-06
Target Next
Sector Information Technology
Buyer(s) Fortinet
Deal Type Add-on Acquisition

Target

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.

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Buyer(S) 1

Buyer

Fortinet

Sunnyvale, California, United States
Category Company
Founded 2000
Sector Information Technology
Employees13,522
Revenue 6.0B USD (2024)
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 14 of 14
Sector: Information Technology M&A 5 of 5
Type: Add-on Acquisition M&A Deals 14 of 14
State: Massachusetts M&A 2 of 2
Country: United States M&A 13 of 13
Year: 2024 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-06-10 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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