Story image

Fortinet enters SIEM market with US$28m acquisition

09 Jun 2016

Fortinet is ramping up its SIEM capabilities with the $28 million acquisition of AccelOps, a leading provider of network security monitoring and analytics solutions.

The acquisition, for US$28 million in cash with an additional $4 million to be paid subject to future performance, will see AccelOps solutions become FortiSIEM, and part of Fortinet’s recently announced Security Fabric.

The deal provides Fortinet with entry into the US$2 billion SIEM market, which Gartner has forecast to grow to $2.9 billion by 2019.

Ken Xie, Fortinet chief executive, says 60% of all security breaches result in stolen data within minutes of the breach and go undetected due to ineffective threat monitoring and security event correlation.

“In addition, the lack of a holistic view across organisations’ entire distributed, multi-vendor networks and the growing quantity and complexity of threat information create big data security challenges,” Xie says.

He says the acquisition of AccelOps will enable Fortinet to extend its Security Fabric, and address those issues, combining security and compliance monitoring with advanced analytics for multi-vendor security solutions, enabling automated and actionable security intelligence from IoT to the cloud.

AccelOp’s security operations centre and network operations centre capabilities will be used to power managed security service providers and Fortinet support services, Fortinet says.

Those services will include a new subscription service, FortiCare 360 Support, providing automated security and performance audits of customer’s specific security infrastructure and advisories to help prevent unplanned disruptions and prevent problems before they impact performance and service delivery.

Winners of 2019 Adobe Experience Maker and Marketo Revvie Awards announced
The Adobe Experience Maker Awards recognise Adobe Experience Cloud customers and partners.
How Adobe and ServiceNow aim to advance customer experience management
“Together, ServiceNow and Adobe will help enable seamless digital workflows that power the experiences customers want.”
Adobe opens up marketing opportunities with Roku
Adobe and streaming TV platform Roku are now offering Adobe customers the ability to precisely target consumer audiences moving to over-the-top content (OTT).
Adobe Summit kicks off the future of customer experience in Las Vegas
“Today, at Adobe Summit, we unveiled significant new capabilities in Adobe Experience Cloud, including the introduction of Adobe Commerce Cloud and Marketo Engage, and general availability of Adobe Experience Platform.”
Ruckus releases new switch for 100GbE edge-to-core networks
Enables multi-gigabit networks with pay-as-you-grow model suitable for education, government and enterprise environments.
‘Buy-now-pay-later’ taking consumer markets by storm
A new survey shows that young people are embracing this new method of purchasing, with over 1.5 million users in the last year in Australia alone.
Aerohive achieves ISO/IEC 27001 cloud platform certification
Aerohive is the first cloud-managed networking vendor recognized by a global standard for commitment to information security management systems.
Five things MSPs need to keep in mind in 2019
A Datto APAC channel exec outlines the most important factors for MSP to being paying attention to in the coming year.