Fortinet announces acquisition of cloud security company Lacework, to be finalized in the latter half of 2024.

Terms of the deal remain undisclosed.

Fortinet plans to integrate Lacework's CNAPP into its Unified SASE offering.

Integration aims to strengthen Fortinet's AI-powered cloud security platform.

Lacework is valued at $8.3 billion and has raised $1.8 billion in funding.

Prior to acquisition, Lacework faced challenges including layoffs and leadership changes.

The acquisition reflects Fortinet's commitment to innovation and consolidation in the cybersecurity market.

The move is part of a broader trend of cybersecurity companies acquiring cloud security firms for enhanced risk identification and threat protection.