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:
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