About This Deal

Fortinet acquired OPAQ Networks, Inc. for $8.0 million, a transaction announced in July 2020.

Acquired the SASE cloud provider to advance Fortinet's zero-trust network access and Secure Access Service Edge cloud roadmap.

Acquired the SASE cloud provider to advance Fortinet's zero-trust network access and Secure Access Service Edge cloud roadmap.

Deal Terms

Acquirer
Fortinet
Target
OPAQ Networks, Inc.
Value
$8.0 million
Date
July 2020
Type
Full acquisition
Status
Completed

Transaction Details

Announced
July 20, 2020

In Their Words

On July 20, 2020, we acquired all outstanding shares of OPAQ Networks, Inc. ("OPAQ"), a privately held Secure Access Service Edge cloud provider. The preliminary purchase price for OPAQ was $8.0 million in cash.

Advisors

Advisory firms were not disclosed for this transaction.

Related Deals & Entities

Sources: Press release ↗

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