Fortinet acquired Alaxala Networks Corporation for $64.2 million, a transaction announced in August 2021.
Acquired a 75% controlling stake in the Japanese network hardware maker to broaden secure-switch offerings integrated with FortiGate; Fortinet later bought the remaining 25% on 2022-10-03 for $13.5 million.
Acquired a 75% controlling stake in the Japanese network hardware maker to broaden secure-switch offerings integrated with FortiGate; Fortinet later bought the remaining 25% on 2022-10-03 for $13.5 million.
On August 31, 2021, we closed an acquisition of 75% of equity interests as controlling interests in Alaxala, a privately held network hardware equipment company in Japan, for $64.2 million in cash.
Advisory firms were not disclosed for this transaction.