Fortinet, a global leader in cybersecurity with a market valuation of approximately $75 billion, has acquired Israeli company Perception Point to bolster its email and collaboration security capabilities. While the financial terms of the deal remain undisclosed, this acquisition is set to expand Fortinet's AI-driven cybersecurity solutions.
Expanding Protections for Modern Workspaces
Perception Point's advanced technology secures vital business tools such as email platforms like Microsoft Outlook and Slack, as well as cloud storage services. It also extends protection to web browsers and social media platforms, recognizing their increasing vulnerability to cyberattacks.
With businesses shifting to hybrid and cloud-first strategies, the need for robust protection across these platforms has grown significantly. Fortinet has integrated Perception Point's technology into its Security Fabric platform, enhancing protection against sophisticated cyber threats while simplifying security management for organizations.
About Perception Point
Founded in 2015 by Michael Aminov and Shlomi Levin, alumni of Israel’s Intelligence Corps technology unit, Perception Point has become a recognized leader in cybersecurity innovation. The company is currently led by Yoram Salinger, a veteran tech executive and former CEO of RedBand. Over the years, Perception Point has secured $74 million in funding from major investors, including Nokia Growth Partners, Pitango, and SOMV.
The company's expertise extends to browser-based security, which was highlighted by its acquisition of Hysolate. This strategic move demonstrates Perception Point's commitment to innovation and growth in the cybersecurity landscape.
Fortinet's Continued Investment in Israeli Cybersecurity
Fortinet’s acquisition of Perception Point follows its 2019 purchase of Israeli company EnSilo, which specializes in threat detection. These investments underscore Fortinet’s recognition of Israel as a global hub for cutting-edge cybersecurity technologies and innovation.
Addressing the Rise in Cyberattacks
As cyber threats become increasingly sophisticated, companies like Fortinet are proactively strengthening digital security measures. Perception Point’s AI-powered solutions will enable Fortinet to address emerging risks targeting email systems and collaboration tools, ensuring that modern businesses can operate securely in today’s digital-first environment.
Conclusion
Fortinet’s acquisition of Perception Point represents a significant step in its mission to provide comprehensive cybersecurity solutions. By integrating advanced AI technologies, Fortinet is poised to deliver enhanced protection for modern workspaces, meeting the growing demand for secure, seamless operations across industries.
