Network and software security firm Fortinet (NASDAQ: FTNT) has acquired privately held endpoint detection and response firm enSilo in an effort to push its security solutions to the edge of corporate IT environments, Fortinet announced on October 28.
The deal, whose terms were not disclosed, will allow Fortinet to offer agent-based software and services aimed at automating real-time threat detection, speeding response, and secure Internet of Things (IoT) devices, according to the company's statement. The acquisition also continues the consolidation in the cybersecurity industry driven by companies' need to simplify.
Businesses are seeing more complex threat landscapes and need simpler ways of securing their networks and endpoints, Ken Zie, CEO and founder of Fortinet, said in a statement. "As businesses become more networked and operations extend from the cloud to the edge and Internet of Things, the digital attack surface has expanded exponentially and has become more complex to secure," he said. "Manual threat hunting or point security solutions are ineffective when managing or securing these new environments."
The purchase of enSilo comes as the endpoint security industry has already begun to consolidate. In 2019, Gartner listed 20 companies in its 2019 Magic Quadrant for Endpoint Protection Products, and some of those companies already have been acquired. HP hooked Bromium in September, VMware collected Carbon Black in August, BlackBerry bought Cylance in November 2018, and Thoma Bravo fortinet bolsters endpoint security ensilo acquisition
