![Fortinet buys ShieldX, a Cloud and Network Security startup Fortinet buys ShieldX, a Cloud and Network Security startup](https://varindia.com/storage/news/uploads/2018/02/605868fb7bf9e.jpg)
As per news source, Fortinet has bought cloud and network security startup ShieldX to offer customers a more comprehensive view of end users, workstations, and OT devices.
The news source reveals that Fortinet completed the acquisition of ShieldX on March 10 but the company hadn’t publicly announced the deal. ShieldX CEO Ken Levine posted about the Fortinet transaction on LinkedIn, which followed a LinkedIn post on the deal by Dave Karp, ShieldX’s SVP of product management and marketing.
“I cannot think of a better landing spot for ShieldX than Fortinet,” Levine wrote on LinkedIn. “I know this transaction has the potential to be incredibly good for all involved.”
As per sources, Fortinet is not revealing the amount paid for the acquisition.
“After 18 months at ShieldX, I can say with certainty that … this was as smart and as talented and as passionate a team one could wish to be part of,” Levine wrote on LinkedIn. “Adding [in] an exceptional board and advisors, it was a privilege to be CEO.”
The combination of Fortinet and ShieldX has created an integrated offering to address lateral movement prevention as well as the convergence of OT, campus, and multi-cloud data center segmentation, ShieldX wrote on a blog posted to the company’s website. ShieldX said it can extend perimeter security and campus segmentation with east-west lateral movement prevention.
The joint company can better protect data and applications across all environments thanks to the combination of Fortinet’s network security and ShieldX’s customer visibility and controls, the company said. Fortinet’s threat intelligence and alerts combined with the analysis of traffic flowing east-west in the data center should lead to faster response times, according to ShieldX.
ShieldX was founded in 2015, raised $34 million of outside funding, and employs 43 people, down from a high of 64 employees in April 2019, according to LinkedIn and Crunchbase. The company closed a $25 million Series B round in December 2017 led by Bain Capital Ventures, and followed that with an August 2019 investment for an undisclosed amount from Thomvest Ventures.
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