Fortinet, today announced it has acquired database security products and technologies from privately held US company IPLocks as part of a strategy to broaden Fortinet’s network security portfolio.
The financial terms of the deal are confidential but it has been confirmed that Fortinet has purchased IPLocks’s vulnerability assessment tool, source code and related physical assets, as well as a broad license to IPLocks’ database monitoring and auditing tools.
“A continued rise in high-profile data security breaches has highlighted the significant financial, operational and reputational damage that can be inflicted on an improperly protected enterprise,” said Ken Xie, founder, president and CEO of Fortinet.
Fortinet said the new tools will assist enterprises in protecting internal data as well as meeting regulatory compliance requirements, such as Payment Card Industry Data Security (PCI DSS) and Sarbanes-Oxley (SOX), and data privacy laws.
“We believe the IPLocks acquisition will bring an even greater benefit to our customers by hardening the protection of their databases for a security approach that penetrates more deeply into the network – to the application level," Xie said.
Customers of IPLocks solutions include large banks, insurance companies, audit firms and e-commerce organisations.
Fortinet acquires technologies from database security firm IPLocks
By Staff Writers on Jun 18, 2008 4:18PM