Fortinet acquired Panopta Holdings LLC for $31.9 million, a transaction announced in December 2020.
Acquired the SaaS network/IT infrastructure monitoring company to build FortiMonitor for unified network and security operations management.
Acquired the SaaS network/IT infrastructure monitoring company to build FortiMonitor for unified network and security operations management.
On December 9, 2020, we acquired all outstanding shares of Panopta Holdings LLC ("Panopta"), a privately held SaaS platform innovator that provides visibility, automated management and alerting, and remediation for enterprise networks and infrastructure. The preliminary purchase price for Panopta was $31.9 million in cash.
Advisory firms were not disclosed for this transaction.