M&A Deal Summary

Fortinet Acquires OPAQ Networks

On August 20, 2020, Fortinet acquired internet software and services company OPAQ Networks

Acquisition Highlights
  • This is Fortinet’s 3rd transaction in the Internet Software and Services sector.
  • This is Fortinet’s 10th transaction in the United States.
  • This is Fortinet’s 3rd transaction in Virginia.

M&A Deal Summary
Date 2020-08-20
Target OPAQ Networks
Sector Internet Software and Services
Buyer(s) Fortinet
Deal Type Add-on Acquisition

Target

OPAQ Networks

Herndon, Virginia, United States
OPAQ Networks, Inc.'s Zero Trust Network Access (ZTNA) cloud solution protects organizations’ distributed networks – from data centers, to branch offices, to remote users, and Internet of Things (IoT) devices. OPAQ Networks was founded in 2013 and is based in Herndon, Virginia.

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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 11 of 14
Sector (Internet Software and Services) 3 of 5
Type (Add-on Acquisition) 11 of 14
State (Virginia) 3 of 3
Country (United States) 10 of 13
Year (2020) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-12-12 CyberSponse

Arlington, Virginia, United States

CyberSponse, Inc. offers patented security orchestration & automation response (SOAR) solution that bridges the gap between automation only & human dependent security organizations. The company creates proven value & ROI by providing a significant increase in efficiency & accuracy over traditionally manual analysis. The CyOPs™ SOAR platform enables analysts to efficiently evaluate threats by automating data from hundreds of enterprise security tools. CyberSponse was formed in 2011 and is based in Arlington, Virginia.

Buy -
FOLLOWING 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 -
Mergr

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