About This Deal
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.
Deal Terms
Acquirer
Fortinet
Target
Panopta Holdings LLC
Value
$31.9 million
Date
December 2020
Type
Full acquisition
Status
Completed
Transaction Details
Announced
December 9, 2020
In Their Words
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.
Advisors
Advisory firms were not disclosed for this transaction.
Related Deals & Entities
Sources:
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