Fortinet To Acquire Lacework; No Financial Terms Disclosed
Portfolio Pulse from Benzinga Newsdesk
Fortinet (NASDAQ:FTNT) has announced a definitive agreement to acquire Lacework, a leading AI-powered cloud security company. The financial terms of the deal were not disclosed.
June 10, 2024 | 12:03 pm
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Fortinet has entered into a definitive agreement to acquire Lacework, enhancing its cloud security capabilities with AI and machine learning technology. The financial terms were not disclosed.
The acquisition of Lacework will likely enhance Fortinet's product offerings in the cloud security space, potentially leading to increased market share and revenue growth. The lack of disclosed financial terms introduces some uncertainty, but the strategic fit suggests a positive impact.
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