Fortinet Acquires Cloud And Network Security Startup ShieldX

Fortinet has quietly purchased cloud and network security startup ShieldX to give customers a more comprehensive view of end users, workstations, and OT devices. The Sunnyvale, Calif.-based platform security vendor closed its acquisition of San Jose, Calif.-based ShieldX March 10, a Fortinet spokesperson told CRN, but the company hadn’t publicly announced the deal. ShieldX CEO Ken Levine posted about the Fortinet transaction on LinkedIn late Friday, which followed a Monday 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 Friday. “I know this transaction has the potential to be incredibly good for all involved.” [Related: 12 Hot Cybersecurity Startups You Need To Know About At RSA 2020] ShieldX’s relationship with Fortinet started at the February 2020 RSA Conference, according to Levine. He said on LinkedIn that the Fortinet team was an “absolute pleasure to deal with, even if appropriately tough on some matters!!” Fortinet is not disclosing how much it paid for ShieldX, according to a company spokesperson. “After 18 months at ShieldX, I can say with certainty that … this was as smart and as talented and…
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