ZoneFox acquired by US giant Fortinet
Scottish IT cyber security company ZoneFox has been acquired by US giant Fortinet.
Edinburgh-based ZoneFox was spun out of Edinburgh Napier University in 2009 and has since grown rapidly.
It focuses on providing world class security systems that combat the issue of insider threats to companies across a wide range of business sectors and its customers include Craneware, Zenith Bank and Rockstar Games.
Last year ZoneFox moved from tech incubator CodeBase to a new Edinburgh HQ at 40 Tophichen Street, giving it room to double its existing headcount of 33.
Today it was announced that California-based Fortinet had acquired the business which "further enhances" Fortinet's security systems. The sum was not disclosed.
Specifically it pointed to how the integration of ZoneFox's award-winning machine learning-based threat-hunting technology would complement its security systems.
In a statement, the firm said: "Fortinet expects that the new endpoint security capabilities provided by ZoneFox will allow enterprise organisations to better leverage machine learning to detect anomalous behavior and provide an even faster response to insider threats."
Dr Jamie Graves, chief executive officer and founder, ZoneFox, said: “We’re pleased to join the Fortinet team.
"The acquisition encompasses both our technology and entire team – which will enable our employees to thrive as part of the Fortinet family, whilst accelerating the route to global markets for our cutting-edge UEBA Technology.
"This is the start of a new chapter which will see our organisation go from strength to strength in the security ecosystem we will have access to as part of the Fortinet Family.
"We will remain focused on building cutting edge security products that enable Sec-Ops teams to mitigate the risk of the Insider Threat by helping them to make rapid decisions and respond to security incidents relating to human behaviour and data flow across their organisations and supply chains.
"As CEO and founder, I am honoured to be embarking on the next step of the ZoneFox journey with the team. ZoneFox will always have its roots in Scotland and will remain part of the local Scottish Security community to both access and develop talent.
"I would like to thank everyone who has supported us on the journey so far; Scottish Enterprise, Edinburgh Napier University, our seed and investors Archangels, mentors, customers, colleagues, friends, and family."
Niki McKenzie, investment director at Archangels - which led earlier seeding funding rounds for ZoneFox - said: “ZoneFox is a Scottish technology success story around the world and Archangels is proud to have supported the business and the management team from an early stage.
"The threat from cyber security has never been more acute and today’s announcement signals the next chapter in the ZoneFox story, enabling the team to provide protection and support to an even wider range of organisations. We are confident that the business, and its staff, will flourish as part of Fortinet.”
Kerry Sharp, head of the Scottish Investment Bank, said: “ZoneFox is an excellent example of an innovative Scottish technology business that’s had a clear vision from the outset on how to develop, deliver and commercialise first class cybersecurity products for businesses globally. Scottish Enterprise, through the Scottish Investment Bank, is delighted to have supported the Company and management from an early stage."
Source insider
Industry: Cyber Security News
Latest Jobs
-
- Security Auditor / 3rd Party Assurance. London. End user
- London
- 60000
-
Security Auditor / 3rd Party Assurance. London. End user The Security Auditor / 3rd Party Assurance role has two key functions. Manage the ongoing assessment of new and existing 3rd party suppliers to ensure they meet the internal policies / controls. (Reassessment etc) Internal Auditing across business to ensure various departemnt / operations are compliant and inline with internal ISMS etc. ISO 27001 internal audit experience, creation of audit reports experinece essential. This is an internal business so broad experience across a multiple technology environment (cloud and on prem) is highly desirable. MUST be able to engage and work with senior stakeholders in an often faced pace environment. ISO27001, NIST, CISSP, CISA Risk assessment experinece needed This is a permanent role.. Blend of technical and consultative approach needed. This role will require someone to travel to London a few days a week once lock down permits and their offices fully reopen. All details kept in confidence. Apply today to find out more.
-
- Security Auditor / 3rd Party Assurance. London. End user
- London
- 60000
-
Security Auditor / 3rd Party Assurance. London. End user The Security Auditor / 3rd Party Assurance role has two key functions. Manage the ongoing assessment of new and existing 3rd party suppliers to ensure they meet the internal policies / controls. (Reassessment etc) Internal Auditing across business to ensure various departemnt / operations are compliant and inline with internal ISMS etc. ISO 27001 internal audit experience, creation of audit reports experinece essential. This is an internal business so broad experience across a multiple technology environment (cloud and on prem) is highly desirable. MUST be able to engage and work with senior stakeholders in an often faced pace environment. ISO27001, NIST, CISSP, CISA Risk assessment experinece needed This is a permanent role.. Blend of technical and consultative approach needed. This role will require someone to travel to London a few days a week once lock down permits and their offices fully reopen. All details kept in confidence. Apply today to find out more.
-
- Head of Penetration Testing, UK based, Flexible location.
- United Kingdom
- Upto £100,000 plus excellent benefits
-
Head of Penetration Testing needed to join a security consultancy that are delivering client facing penetration testing services around Web app and Infrastructure. Looking for someone hands on that is able to manage a highly skilled technical team of testers. 50-60% of the time is expected to be hands on, other duties will include, but not be limited to; leading and managing the day to day running of the team, mentoring, team upskill, recruitment, reporting, escalation, process improvement etc. Flexible location although south east is preferred. Anyone with Check / CREST experience is highly desirable. MUST be able to achieve SC clearance. UK based role. All details kept in confidence.
-
- Technical Security Analyst. Immediate opportunity,
- Newcastle upon Tyne
- 48000
-
Technical Security Analyst. Immediate opportunity, Technical Security Analyst needed to join a specialist security team. This role will require travel into the office in a hybrid model once industry returns back to the working environment. The Security Analyst must be commutable to Newcastle upon Tyne. This is an Immediate opportunity. An essential requirement of the role is to be able to engage with internal stakeholders so a blend off technical hands on analytical and consultative communication skills. The role will include, but not be limited to; managing and handling incidents end to end, log review, incident analysis, escalation, vulnerability assessment, Automation, Malware Analysis, Threat intelligence, etc All details kept in confidence. https://calendly.com/chris-holt/call-with-chris-holt-dcl-search