Network Threat Detection
Fortinet | November 06, 2023
Fortinet prioritizes secure networking, universal SASE, and security operations to expand globally and innovate in cybersecurity.
Secure networking is estimated to reach $86 billion by 2027 and universal SASE $36 billion, aligning with the strategic change.
Focusing on cybersecurity growth strengthens Fortinet's commitment to customer value and innovation.
Fortinet, a global leader in cybersecurity, is focusing its business strategy on high-growth markets, emphasizing secure networking, universal secure access service edge (SASE), and security operations. This shift will drive innovation and reinforce its commitment to customers. Fortinet is reorganizing its research & development (R&D) and go-to-market (GTM) strategies around the three markets mentioned. They will develop integrated and advanced products to cater to these areas.
Fortinet operates globally, serving hyperscale customers and promoting cybersecurity technologies. The three core markets Fortinet is concentrating on are secure networking, universal SASE, and security operations. These markets are expected to experience substantial growth, and Fortinet has a competitive advantage in them. This strategy aims to expand Fortinet's global business and provide value to its customers. The company is aligning with areas of high demand in the cybersecurity sector. Its current collection of organically developed and integrated products and services enjoys a notable competitive edge in the aforementioned three crucial markets:
The market for secure networking is anticipated to reach $86 billion by 2027, expanding at a rate of nearly nine percent per year. 5G gateways, network firewalls, secure switches, and access points comprise the majority of its composition. With the expansion of its firewall business, Fortinet anticipates a corresponding increase in revenue for its FortiGuard Security Services, which are propelled by artificial intelligence (AI). Secure networking remains an integral component of Fortinet's strategy, given that it dominates both firewall revenues and units shipped in its greatest addressable market.
Also, by 2027, the universal SASE market is anticipated to reach $36 billion, representing an annual expansion of nearly 20%. The system integrates various cloud-native networking and security technologies, including SD-WAN, secure web gateway (SWG), cloud access security broker (CASB), data loss prevention (DLP), zero-trust network access (ZTNA), SASE, and others. Its purpose is to streamline the process of implementing a zero-trust strategy. All functions of the SASE solution developed by Fortinet can be executed either in an appliance or in the cloud. This capability is facilitated by a unified management console, networking and security layer, and operating system. Recently, Fortinet was positioned in the inaugural Gartner Magic Quadrant for Single-Vendor SASE in 2023.
Lastly, the security operations market is anticipated to reach $78 billion by 2027, expanding at slightly more than 14% per year. Fortinet's SecOps platform is the most comprehensive, integrated, and broad in the industry, enabling organizations to gain control and insight into their distributed operations through security orchestration, endpoint detection and response (EDR), automation and response (SOAR), security information and event management (SIEM), network detection and response (NDR), and additional integrated enterprise-grade cybersecurity technologies.
Complementing Fortinet's R&D expenditures are strategic realignments in its GTM investments, concentrating on security operations, universal SASE, and secure networking. With the assistance of marketing support and training, sales will be structured in accordance with these three strategic areas in order to increase market penetration and consumer engagement.
PR Newswire | October 16, 2023
BT and Google Cloud today announced a new partnership focusing on an enhanced commitment to cybersecurity innovation. Serving customers in more than 180 countries and with a team of 3,000 security professionals, BT works with the security industry's leading vendors to provide managed security solutions to private and public sector organisations around the world.
As part of the partnership, BT will become a managed services delivery partner for Google's Autonomic Security Operations (ASO) offering based on Google Chronicle. ASO is a holistic framework that combines principles, practices, and tools that enable organisations to take an adaptive and automated approach to threat management. Underpinned by Chronicle's peta-byte scale detection, a data lake powered by Google Cloud's data and analytics platform BigQuery, and rich, compelling analytics via Looker, the solution decreases the time to detect and respond to threats—which is essential in the face of the increasing volume and complexity of cyber-attacks.
Customers will benefit from the new partnership by gaining the technological capabilities of Google Chronicle, combined with BT's track record of delivering cybersecurity services to organisations with complex estates and requirements. Customers will be supported by experts from BT's Security Advisory Services team, who leverage BT's deep experience in security operations and integration to help organisations ensure that they have optimised their wider security architecture to fully align with their priorities and ambition.
Combining Google Chronicle's capabilities with BT's view of global networks and experience of providing managed security services is a really exciting prospect. The ASO solution will help our customers to rapidly identify risks and automatically enhance their cyber defences—providing the speed that's essential to combating cyber-attacks. It represents the first step in our partnership with Google Cloud on cybersecurity, with both companies committed to providing new innovations and solutions that help organisations stay ahead of an increasingly threatening cyber threat landscape, said Tris Morgan, Managing Director, Security at BT.
"Our partnership brings the best of BT's experience in deploying big data-based security platforms with Google Cloud's innovative security capabilities to help our multinational customers transform their approaches to cyber risk management in the face of a rapidly changing threat landscape," said Magali Bohn, Global Director, Partnerships & Channels at Google Cloud Security.
The partnership builds on BT Group and Google's existing relationship to house BT Group's data in Google Cloud to support its analytics and AI ambitions. BT and Google Cloud will also seek to incorporate solutions from Mandiant, a market leader in threat intelligence solutions acquired by Google in 2022, as an additional aspect of the partnership. Finally, BT is working with Google Cloud to trial Google's Vertex AI and Duet AI capabilities.
Cisco | September 25, 2023
Cisco and Splunk are joining forces to advance organizations from reactive threat handling to proactive threat anticipation and prevention.
Together, they will emerge as a major global software entity, boosting Cisco's shift towards recurring revenue.
This collaboration unites two esteemed workplaces with shared values, robust cultures, and skilled teams.
The synergy between these pioneering companies positions them for leadership in AI-driven security and observability.
Anticipated to yield positive cash flow and improved gross margins in the initial fiscal year following the merger, with non-GAAP EPS enhancement expected by year two.
Cisco and Splunk, the leader in cybersecurity and observability, today announced a definitive agreement under which Cisco will acquire Splunk for $157 per share in cash, representing an equity value of approximately $28 billion. Gary Steele, president and CEO of Splunk, will join Cisco's Executive Leadership Team upon completion of the acquisition, reporting to Cisco chair and CEO Chuck Robbins.
Chair and CEO of Cisco, Chuck Robbins, remarked,
We're excited to bring Cisco and Splunk together. Our combined capabilities will drive the next generation of AI-enabled security and observability. From threat detection and response to threat prediction and prevention, we will help make organizations of all sizes more secure and resilient.
[Source: Cision PR Newswire]
Every company relies on data to operate its business and make mission-critical choices in today's hyper-connected environment. Accelerating and adopting generative AI, growing danger surfaces, and different cloud environments offer unprecedented complexity for enterprises. To be digitally resilient, organizations must better manage, preserve, and unleash data's value.
Gary Steele, president and CEO of Splunk, stated that they would together form a global security and observability leader that will harness the power of data and AI to deliver outstanding customer outcomes and transform the industry. Steele added that they’re eager to join forces with a trusted and long-time partner who shares their passion for innovation and top customer experience, and they expect their community of Splunk employees to benefit from the greater opportunities as they bring together two purpose-driven and respected organizations.
Cisco and Splunk will give insight across hybrid and multi-cloud systems, enabling clients to provide seamless application experiences for digital enterprises. The companies can help other organizations responsibly use AI due to their scale, data visibility, and trust. These two firms will unite to invest more in innovative products, accelerate innovation, and expand globally to serve clients of all sizes. The transaction is expected to be cash flow positive and gross margin accretive in the first fiscal year post-close, with non-GAAP EPS accretive in year two. The acquisition is subject to regulatory approval and customary closing conditions, including approval by Splunk shareholders.
Advisors for the Cisco-Splunk acquisition include Tidal Partners LLC, Simpson Thacher & Bartlett LLP Cravath and Swaine & Moore LLP, among others.