Fortinet Inc. FTNTrecently announced the acquisition of Bradford Networks, a provider of network security by ensuring access control of all devices associated with the enterprise network.
The target provides “agentless” surveillance and assessment of end point devices including the ones enabled by Internet of Things (IoT) and caters to multiple industries such as manufacturing, government, retail and technology among others.
Per Ken Xie, Fortinet’s founder, chairman and CEO, the incorporation of Bradford Networks’ technology will aid Fortinet with micro-segmentation and continuous visibility, enabling the company to stop malicious devices accessing the network.
Additionally, a day after the acquisition, Fortinet announced the use of machine learning for detecting behavioral threats in web applications with the introduction of FortiWeb Web Application Firewall (WAF) software 6.0.
We believe the company’s inorganic and innovative ways of enhancing its solutions suite will be accretive for its top line, going ahead, and boost investors’ confidence. Notably, the company has gained 61.6% in the past year, outperforming the 22.1% rally of the industryit belongs to.