Fortinet Buys Next DLP to Boost Data Security

Cybersecurity giant Fortinet has made another strategic move to solidify its market dominance by acquiring Next DLP, a promising startup specializing in insider threat detection and data loss prevention. This deal marks Fortinet's continued investment in expanding its security portfolio and strengthening its SASE (Secure Access Service Edge) platform.

By integrating Next DLP's advanced technology, Fortinet aims to fortify its defenses against internal threats and data breaches. Next DLP's platform, renowned for its ability to identify anomalous user behavior and potential data exfiltration, is a valuable addition to Fortinet's existing suite of security solutions.

This acquisition comes on the heels of Fortinet's purchase of Lacework, a cloud security unicorn, demonstrating the company's aggressive growth strategy and commitment to providing comprehensive cybersecurity solutions to its customers. As the threat landscape evolves, Fortinet is positioning itself as a leader in safeguarding enterprises from both external and internal threats.

With this latest acquisition, Fortinet reinforces its position as a one-stop shop for organizations seeking to protect their sensitive data and maintain operational resilience in an increasingly complex digital world.

Next DLP's Technology and Market

Next DLP specializes in insider threat detection and data loss prevention. Its flagship product, the Reveal Platform, offers a comprehensive approach to safeguarding sensitive information. Key features include:

• Insider Risk Management: Leveraging machine learning and AI, Reveal can identify anomalous user behavior that may indicate potential insider threats.
• Data Loss Prevention (DLP): The platform detects and prevents data exfiltration by monitoring data flow across endpoints, cloud applications, and other systems.
• Minimal Performance Impact: Next DLP's software agent is designed to have a negligible impact on system performance, ensuring minimal disruption to user productivity.
• Generative AI Protection: The company has expanded its platform to cover popular generative AI tools, addressing the emerging risks associated with these technologies.

How Next DLP Fits into Fortinet's Portfolio

Next DLP's technology is a strong complement to Fortinet's existing security offerings. By integrating Reveal into its SASE platform, Fortinet can enhance its ability to:

• Detect and Respond to Insider Threats: Identify potential threats posed by employees, contractors, or privileged users.
• Prevent Data Loss: Protect sensitive information from unauthorized access, use, disclosure, disruption, modification, or destruction.
• Strengthen SASE Capabilities: Provide a more comprehensive and robust SASE solution by addressing the insider threat and data loss prevention aspects.

Market Implications

The acquisition of Next DLP positions Fortinet as a leader in the combined DLP and insider threat detection market. By acquiring a company with a strong reputation and innovative technology, Fortinet can:

• Expand its Customer Base: Attract new customers seeking advanced DLP and insider threat protection solutions.
• Increase Market Share: Gain a competitive advantage over other cybersecurity vendors.
• Drive Innovation: Leverage Next DLP's expertise to develop new security solutions and features.

The data loss prevention market is expected to grow significantly in the coming years due to increasing data breaches and regulatory compliance requirements. By acquiring Next DLP, Fortinet is well-positioned to capitalize on this market opportunity.