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Fortinet acquires AccelOps to foray into the SIEM Market

Fortinet

Fortinet acquires network security monitoring and analytics solutions major, AccelOps to encompass its lately announced Security Fabric strategy.

AccelOps solutions will become FortiSIEM and become part of the Fortinet Security Fabric leveraging customers with greater visibility across both Fortinet and multi-vendor security solutions, thereby enabling more comprehensive end-to-end network segmentation strategies, from IoT to cloud. Security correlation and analytics results will feed directly into the Security Fabric allowing automated threat prevention.

AccelOps’s Security Operations Center (SoC) and Network Operations Center (NoC) capabilities will power Managed Security Service Providers (MSSPs) and Fortinet Support Services, including a new subscription service called FortiCare 360° Support.

Next Generation Security Information and Event Management, or Next Gen SIEM, capabilities from AccelOps coupled with FortiGuard Labs global threat intelligence and third-party threat feeds will be integrated into the Fortinet Security Fabric.

Citing on the acquisition deal, Ken Xie, founder, chairman of the board and chief executive officer, Fortinet said,

“Sixty-percent of all security breaches result in stolen data starting 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 organizations’ entire distributed, multi-vendor networks and the growing quantity and complexity of threat information create big-data security challenges. With the acquisition of AccelOps, Fortinet extends its Security Fabric to address these challenges by combining security and compliance monitoring with advanced analytics for multi-vendor security solutions, enabling automated and actionable security intelligence from IoT to the cloud.”

Partha Bhattacharya, founder and chief technology officer, AccelOps said, “Fortinet and AccelOps share a common vision of providing holistic, actionable security intelligence across the entire IT infrastructure. Our mission has always been to help our customers make security and compliance management as effortless and effective as possible. The synergies between AccelOps’s solutions and Fortinet’s Security Fabric vision and thought leadership will ensure that our customers are protected with the most scalable and proven global threat intelligence, security and performance analytics and compliance and control across all types of network environments with multiple security and networking vendor products.”

Additionally, the acquisition is a strategic footprint into the $2 billion SIEM market, which Gartner projects to grow to $2.9 billion by 2019.

The deal is on immediate effect with a successful completion of the procurement.

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