17:25 | 17/07/2018 Companies
Strengthens Fortinet Security Fabric and extends segmentation and security to the edge of the enterprise network including Internet of Things (IoT).
Fortinet (NASDAQ: FTNT), a global leader in broad, integrated and automated cybersecurity solutions, today completed the acquisition of Bradford Networks, further enhancing the Fortinet Security Fabric by converging access control and IoT security solutions to provide large enterprise with broader visibility and security for their complex networks.
Ken Xie, founder, chairman of the board and chief executive officer, Fortinet said “As large organizations continue to see high growth in network traffic and the number of devices and users accessing their networks, the risk of breach increases exponentially. According to a recent Forrester study, 82 percent of companies surveyed are unable to even identify all devices accessing their networks. The integration of Bradford Networks’ technology with Fortinet’s Security Fabric provides large enterprises with the continuous visibility, micro-segmentation and access control technology they need to contain threats and block untrusted devices from accessing the network”.
Fortinet does not expect the transaction to have a material impact on the Company’s second quarter or full year 2018 financial guidance disclosed on May 3, 2018.