Latest news with #SecurityServiceEdge
Yahoo
2 days ago
- Business
- Yahoo
New Absolute Security Research Shows Top Endpoint Security Controls Fail 22% of the Time
Critical Patching for PCs Running Windows 10 and 11 is Delayed Nearly Two Months 35% of PCs Lack Encryption, 26% are Unaccounted for, and 18% Store Sensitive Data AI Use is Exploding, with Enterprise PCs Logging Thousands of Visits to DeepSeek SEATTLE, June 04, 2025--(BUSINESS WIRE)--New research from Absolute Security shows that organizations allow their critical endpoint security controls to drop out of compliance with internal security and performance policies 22% of the time. This dangerous failure rate undermines their ability to defend their businesses against ransomware strikes, compromises, and complexity-driven disruptions. Based on anonymized telemetry from more than 15 million enterprise PCs, the Absolute Security Resilience Risk Index 2025 details how this finding and other silent risks are eroding enterprise security and threatening business continuity. Security Tools Aren't Holding the Line Leading Endpoint Protection Platforms (EPP), Security Service Edge (SSE) solutions, and Vulnerability and Patch Management platforms fail to maintain compliance with internal security and performance policies 22% of the time. This increases the risk of ransomware infections, data breaches, and disruptive incidents across PCs where these tools are deployed. High Performing Solutions are Increasing Concentrated Risk This year, the data revealed a new issue the industry must face — Concentrated Risk. It emerges when organizations fail to recognize that even solutions with high compliance and performance rates can present significant risk when they are deployed across a substantial percentage of PCs. High performers may fail less often — but when these widely-used technologies mafunction, the impact can be catastrophic. This is why every control, regardless of performance rate, must be supported by resilience capabilities that can help organizations to withstand and recover from failure on a large scale. Patching Delays Ignore Industry Best Practices Organizations across all industries take nearly two months to patch vulnerabilities in PCs running Windows. Most organizations determine their own vulnerability scanning and patching schedules. However, this average defies guidance from leading authorities such as the Cybersecurity and Infrastructure Security Agency (CISA), which recommends that patches should not be delayed more than 30 days to avoid vulnerability-driven risks. AI Use is Exploding, Frequently in Defiance of Usage Policies Available data showed that enterprise PCs are logging millions of visits to popular generative AI platforms. Thousands of these visits are landing on DeepSeek, despite organizational and multi-government sanctions against this China-based site. The inability to control usage along with explosive growth is leaving organizations open to not only compliance violations but also the potential to download malicious content and to expose sensitive information to hostile adversaries. Devices Are Missing Encryption, Unaccounted for, and Filled with Sensitive Data 35% of enterprise PCs are not encrypted, 26% are unaccounted for, and 18% store sensitive data. This dangerous combination creates blind spots that leave data and PCs without protection against cybercriminals. These lapses can also give unauthorized users access to corporate networks for prolonged periods, opening an opportunity for threats to expand laterally across systems and assets. "This research shows that organizations are failing to maintain effective operational performance for leading endpoint security controls, unaware of risky behaviors taking place, and may not be able to keep as up to date on patching as they should. These are all factors that will eventually lead to a major security breach or extended and costly period of downtime," said Christy Wyatt, CEO, Absolute Security. "To remain truly protected in today's digital business environment, leaders need to think beyond legacy prevention and detection practices. They must enforce resilience as a core capability to ensure the visibility, control, and agility needed to keep their organizations secure, responsive, and always operational." For greater details on the resilience risks identified and to learn how to mitigate them with technologies that enforce resilience across your organization, download your complimentary copy of the Absolute Security Resilience Risk Index 2025. About Absolute Security Absolute Security is partnered with more than 28 of the world's leading endpoint device manufacturers, embedded in the firmware of 600 million devices, trusted by thousands of global enterprise customers, and licensed across 16 million PC users. With the Absolute Security Cyber Resilience Platform integrated into their digital enterprise, customers ensure their mobile and hybrid workforces connect securely and seamlessly from anywhere in the world and that business operations recover quickly following cyber disruptions and attacks. To learn more, visit and follow us on LinkedIn, X, Facebook, and YouTube. ABSOLUTE SECURITY, ABSOLUTE, the ABSOLUTE LOGO, AND NETMOTION are registered trademarks of Absolute Software Corporation ©2025, or its subsidiaries. All Rights Reserved. Other names or logos mentioned herein may be the trademarks of Absolute or their respective owners. The absence of the symbols ™ and ® in proximity to each trademark, or at all, herein is not a disclaimer of ownership of the related trademark. View source version on Contacts News Contact:Joe Franscellapress@ Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Business Wire
2 days ago
- Business
- Business Wire
New Absolute Security Research Shows Top Endpoint Security Controls Fail 22% of the Time
SEATTLE--(BUSINESS WIRE)--New research from Absolute Security shows that organizations allow their critical endpoint security controls to drop out of compliance with internal security and performance policies 22% of the time. This dangerous failure rate undermines their ability to defend their businesses against ransomware strikes, compromises, and complexity-driven disruptions. Based on anonymized telemetry from more than 15 million enterprise PCs, the Absolute Security Resilience Risk Index 2025 details how this finding and other silent risks are eroding enterprise security and threatening business continuity. Security Tools Aren't Holding the Line Leading Endpoint Protection Platforms (EPP), Security Service Edge (SSE) solutions, and Vulnerability and Patch Management platforms fail to maintain compliance with internal security and performance policies 22% of the time. This increases the risk of ransomware infections, data breaches, and disruptive incidents across PCs where these tools are deployed. High Performing Solutions are Increasing Concentrated Risk This year, the data revealed a new issue the industry must face — Concentrated Risk. It emerges when organizations fail to recognize that even solutions with high compliance and performance rates can present significant risk when they are deployed across a substantial percentage of PCs. High performers may fail less often — but when these widely-used technologies mafunction, the impact can be catastrophic. This is why every control, regardless of performance rate, must be supported by resilience capabilities that can help organizations to withstand and recover from failure on a large scale. Patching Delays Ignore Industry Best Practices Organizations across all industries take nearly two months to patch vulnerabilities in PCs running Windows. Most organizations determine their own vulnerability scanning and patching schedules. However, this average defies guidance from leading authorities such as the Cybersecurity and Infrastructure Security Agency (CISA), which recommends that patches should not be delayed more than 30 days to avoid vulnerability-driven risks. AI Use is Exploding, Frequently in Defiance of Usage Policies Available data showed that enterprise PCs are logging millions of visits to popular generative AI platforms. Thousands of these visits are landing on DeepSeek, despite organizational and multi-government sanctions against this China-based site. The inability to control usage along with explosive growth is leaving organizations open to not only compliance violations but also the potential to download malicious content and to expose sensitive information to hostile adversaries. Devices Are Missing Encryption, Unaccounted for, and Filled with Sensitive Data 35% of enterprise PCs are not encrypted, 26% are unaccounted for, and 18% store sensitive data. This dangerous combination creates blind spots that leave data and PCs without protection against cybercriminals. These lapses can also give unauthorized users access to corporate networks for prolonged periods, opening an opportunity for threats to expand laterally across systems and assets. 'This research shows that organizations are failing to maintain effective operational performance for leading endpoint security controls, unaware of risky behaviors taking place, and may not be able to keep as up to date on patching as they should. These are all factors that will eventually lead to a major security breach or extended and costly period of downtime,' said Christy Wyatt, CEO, Absolute Security. 'To remain truly protected in today's digital business environment, leaders need to think beyond legacy prevention and detection practices. They must enforce resilience as a core capability to ensure the visibility, control, and agility needed to keep their organizations secure, responsive, and always operational.' For greater details on the resilience risks identified and to learn how to mitigate them with technologies that enforce resilience across your organization, download your complimentary copy of the Absolute Security Resilience Risk Index 2025. About Absolute Security Absolute Security is partnered with more than 28 of the world's leading endpoint device manufacturers, embedded in the firmware of 600 million devices, trusted by thousands of global enterprise customers, and licensed across 16 million PC users. With the Absolute Security Cyber Resilience Platform integrated into their digital enterprise, customers ensure their mobile and hybrid workforces connect securely and seamlessly from anywhere in the world and that business operations recover quickly following cyber disruptions and attacks. To learn more, visit and follow us on LinkedIn, X, Facebook, and YouTube. ABSOLUTE SECURITY, ABSOLUTE, the ABSOLUTE LOGO, AND NETMOTION are registered trademarks of Absolute Software Corporation ©2025, or its subsidiaries. All Rights Reserved. Other names or logos mentioned herein may be the trademarks of Absolute or their respective owners. The absence of the symbols ™ and ® in proximity to each trademark, or at all, herein is not a disclaimer of ownership of the related trademark.
Yahoo
23-05-2025
- Business
- Yahoo
Fortinet Named a Challenger in the 2025 Gartner® Magic Quadrant™ for Security Service Edge
Fortinet recognized in 11 Gartner® Magic Quadrant™ reports, including for Single-Vendor SASE, SD-WAN, and Security Service Edge, and we believe these recognitions highlight the strength of the Fortinet Security Fabric platform SUNNYVALE, Calif., May 23, 2025 (GLOBE NEWSWIRE) -- News Summary Fortinet® (NASDAQ: FTNT), the global cybersecurity leader driving the convergence of networking and security, today announced it has been recognized as a Challenger in the Gartner® Magic Quadrant™ for Security Service Edge (SSE). This recognition follows Fortinet's recent placement as a Leader and the highest in ability to execute in the 2024 Gartner® Magic Quadrant™ for SD-WAN for the fourth consecutive year — we believe this further validates Fortinet's vision and execution in delivering a unified SASE platform. 'We continue to demonstrate strong momentum, innovation, and growth in the SSE market,' said Nirav Shah, Senior Vice President, Products and Solutions at Fortinet. 'We believe Fortinet's placement in the Challengers quadrant is a testament to our growing adoption, positive customer feedback, aggressive roadmap execution with monthly releases, and ever-expanding market share. Our focus is on delivering real outcomes through flexible deployment models, seamless integration with existing infrastructure, and consistent AI-powered security wherever users connect.' A Differentiated SSE ExperienceWith FortiSASE, Fortinet delivers the most unified, flexible, and intelligent solution on the market today, enabling secure access from anywhere while reducing complexity, enhancing user experience, and strengthening security across hybrid environments. Key differentiators include: Unified solution: Unlike many fragmented offerings, FortiSASE is built on a single operating system, FortiOS, a unified management console, endpoint agent, and centralized data lake. This cohesive architecture ensures consistent security policy enforcement and streamlined operations across all environments from on-premises to the cloud. The integration of Fortinet Secure SD-WAN with cloud-delivered SSE, and digital experience monitoring (DEM) under one platform provides comprehensive visibility and control, reducing complexity and potential security gaps. Flexible connectivity: FortiSASE offers unparalleled flexibility to accommodate a wide range of organizational needs by supporting BYOD, contractors, agent-based, and agentless devices, as well as third-party SD-WAN solutions, facilitating seamless integration into existing infrastructures. Fortinet is also investing in building its own global cloud infrastructure, further enhancing performance, scalability, and control across its SASE services. Fortinet Sovereign SASE gives organizations flexibility and control over their data, especially in regulated sectors like finance and healthcare. Organizations can also integrate FortiSASE with Fortinet's WLAN/LAN portfolio to secure thin edge locations without the need for additional appliances or agents, ensuring comprehensive protection even in resource-constrained environments. Intelligent innovation: FortiSASE, powered by FortiGuard AI-Powered Security Services, delivers broad protection through integrated capabilities like secure web gateway (SWG), universal zero-trust network access (ZTNA), cloud access security broker (CASB), Firewall-as-a-Service (FWaaS), and remote browser isolation (RBI), all managed from a single unified console. Security teams can enforce zero-trust policies to manage access and data flows to generative AI (GenAI) apps, gaining visibility into usage patterns, destinations, and enabling enterprise-wide AI governance. What Customers Are Saying About FortiSASEIn addition to this latest Gartner acknowledgement, Fortinet was the only vendor to be recognized with the Gartner® Peer Insights™ Customers' Choice Recognition two years in a row for Security Service Edge. In the 2025 Gartner® Peer Insights™ Voice of the Customer, security service edge (SSE), FortiSASE customers had this to say: 'Elevating user experience with FortiSASE: perfect features and functionality'We use SIA (secured internet access) and SPA (secured private access) functionality of FortiSASE and the overall experience is exceptionally great. 'Reliable SSE with ZTNA solution with breadth of design options'Secure and reliable internet access for all hybrid users. Secure users regardless of their access location. Our overall experience with the solution is great and users are happy from the day we deployed this endpoint on their machines. "Best of the breed cloud delivered security solution to secure hybrid workforce"This solution allows us to accommodate growing user count without compromising performance. The solution provides robust security features, which include web filtering to provide protection against web-based threats. The Solution provides secure access to users irrespective of their location, Users are allowed to access the internet or servers post compliance checks. Our overall experience is highly positive. Additional Resources Download the report for more information about the 2025 Gartner® Magic Quadrant™ for Security Service Edge. Learn more about FortiSASE and our customer-first approach to SSE. Read more about Fortinet Unified SASE. Read more about the Fortinet Security Fabric. Visit to learn more about Fortinet innovation, collaboration partners, product security processes, and enterprise-grade products. Learn more about Fortinet's commitment to product security and integrity, including its responsible product development and vulnerability disclosure approach and policies. Learn about Fortinet's free cybersecurity training, which includes broad cyber awareness and product training. The Fortinet Training Institute also provides training and certification through the Network Security Expert (NSE) Certification, Academic Partner, and Education Outreach programs. Learn more about FortiGuard Labs threat intelligence and research and Outbreak Alerts, which provide timely steps to mitigate breaking cybersecurity attacks. Learn more about Fortinet's FortiGuard Security Services portfolio. Read about how Fortinet customers are securing their organizations. Follow Fortinet on Twitter, LinkedIn, Facebook, and Instagram. Subscribe to Fortinet on our blog or YouTube. GARTNER is a registered trademark and service mark of Gartner, Inc. and/or its affiliates in the U.S. and internationally, Magic Quadrant is a registered trademark of Gartner, Inc. and/or its affiliates and is used herein with permission. All rights reserved. Gartner does not endorse any vendor, product or service depicted in its research publications, and does not advise technology users to select only those vendors with the highest ratings or other designation. Gartner research publications consist of the opinions of Gartner's research organization and should not be construed as statements of fact. Gartner disclaims all warranties, expressed or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose. Gartner, Magic Quadrant for Security Service Edge, By Charlie Winckless, Thomas Lintemuth, Dale Koeppen, 20 May 2025 Gartner, Magic Quadrant for Data Center Switching, By Andrew Lerner, Simon Richard, Nauman Raja, Jorge Aragon, Jonathan Forest, 31 March 2025 Gartner, Magic Quadrant for Cyber-Physical Systems Protection Platforms, By Katell Thielemann, Wam Voster, Ruggero Contu, 12 February 2025 Gartner, Magic Quadrant for Email Security Platforms, By Max Taggett, Nikul Patel, Franz Hinner, Deepak Mishra, 16 December 2024 Gartner, Magic Quadrant for Access Management, By Brian Guthrie, Nathan Harris, Abhyuday Data, Josh Murphy, 2 December 2024 Gartner, Magic Quadrant for SD-WAN, By Jonathan Forest, Karen Brown, Nauman Raja, 30 September 2024 Gartner, Magic Quadrant for Endpoint Protection Platforms, By Evgeny Mirolyubov, Franz Hinner, Deepak Mishra, Satarupa Patnaik, Chris Silva, 23 September 2024 Gartner, Magic Quadrant for Privileged Access Management, By Abhyuday Data, Michael Kelley, Nayara Sangiorgio, Felix Gaehtgens, Paul Mezzera, 9 September 2024 Gartner, Magic Quadrant for Single-Vendor SASE, By , , , , , 3 July 2024 Gartner, Magic Quadrant Security Information and Event Management, By Andrew Davies, Mitchell Schneider, Rustam Malik, Eric Ahlm, 8 May 2024 Gartner, Magic Quadrant for Enterprise Wired & WLAN Infrastructure, By Tim Zimmerman, Christian Canales, Nauman Raja, Mike Leibovitz, 6 March 2024 Note: Fortinet acquired Perception Point in December 2024. Perception Point was recognized in the 2024 Magic Quadrant for Email Security Platforms 'Fortinet was recognized in 11 different Magic Quadrant reports including being named an Honourable Mention in Magic Quadrant for Data Center Switching, for Access Management, and for Privileged Access Management.' Gartner, Voice of the Customer for Security Service Edge, Peer Contributors, 27, September 2024. Gartner, Voice of the Customer for Security Service Edge, Peer Contributors, 29, September, 2023 About Fortinet Fortinet (Nasdaq: FTNT) is a driving force in the evolution of cybersecurity and the convergence of networking and security. Our mission is to secure people, devices, and data everywhere, and today we deliver cybersecurity everywhere our customers need it with the largest integrated portfolio of over 50 enterprise-grade products. Well over half a million customers trust Fortinet's solutions, which are among the most deployed, most patented, and most validated in the industry. The Fortinet Training Institute, one of the largest and broadest training programs in the industry, is dedicated to making cybersecurity training and new career opportunities available to everyone. Collaboration with esteemed organizations from both the public and private sectors, including Computer Emergency Response Teams ('CERTS'), government entities, and academia, is a fundamental aspect of Fortinet's commitment to enhance cyber resilience globally. FortiGuard Labs, Fortinet's elite threat intelligence and research organization, develops and utilizes leading-edge machine learning and AI technologies to provide customers with timely and consistently top-rated protection and actionable threat intelligence. Learn more at the Fortinet Blog, and FortiGuard Labs. Copyright © 2025 Fortinet, Inc. All rights reserved. The symbols ® and ™ denote respectively federally registered trademarks and common law trademarks of Fortinet, Inc., its subsidiaries and affiliates. Fortinet's trademarks include, but are not limited to, the following: Fortinet, the Fortinet logo, FortiGate, FortiOS, FortiGuard, FortiCare, FortiAnalyzer, FortiManager, FortiASIC, FortiClient, FortiCloud, FortiMail, FortiSandbox, FortiADC, FortiAgent, FortiAI, FortiAIOps, FortiAgent, FortiAntenna, FortiAP, FortiAPCam, FortiAuthenticator, FortiCache, FortiCall, FortiCam, FortiCamera, FortiCarrier, FortiCASB, FortiCentral, FortiCNP, FortiConnect, FortiController, FortiConverter, FortiCSPM, FortiCWP, FortiDAST, FortiDB, FortiDDoS, FortiDeceptor, FortiDeploy, FortiDevSec, FortiDLP, FortiEdge, FortiEDR, FortiEndpoint FortiExplorer, FortiExtender, FortiFirewall, FortiFlex FortiFone, FortiGSLB, FortiGuest, FortiHypervisor, FortiInsight, FortiIsolator, FortiLAN, FortiLink, FortiMonitor, FortiNAC, FortiNDR, FortiPAM, FortiPenTest, FortiPhish, FortiPoint, FortiPolicy, FortiPortal, FortiPresence, FortiProxy, FortiRecon, FortiRecorder, FortiSASE, FortiScanner, FortiSDNConnector, FortiSEC, FortiSIEM, FortiSMS, FortiSOAR, FortiSRA, FortiStack, FortiSwitch, FortiTester, FortiToken, FortiTrust, FortiVoice, FortiWAN, FortiWeb, FortiWiFi, FortiWLC, FortiWLM, FortiXDR and Lacework FortiCNAPP. Other trademarks belong to their respective owners. Fortinet has not independently verified statements or certifications herein attributed to third parties and Fortinet does not independently endorse such statements. Notwithstanding anything to the contrary herein, nothing herein constitutes a warranty, guarantee, contract, binding specification or other binding commitment by Fortinet or any indication of intent related to a binding commitment, and performance and other specification information herein may be unique to certain environments. Media Contact: Investor Contact: Analyst Contact: Travis AndersonFortinet, Inc.408-235-7700pr@ Aaron OvadiaFortinet, Inc. 408-235-7700investors@ Brian Greenberg Fortinet, Inc.408-235-7700analystrelations@ in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
23-05-2025
- Business
- Yahoo
Fortinet Named a Challenger in the 2025 Gartner® Magic Quadrant™ for Security Service Edge
Fortinet recognized in 11 Gartner® Magic Quadrant™ reports, including for Single-Vendor SASE, SD-WAN, and Security Service Edge, and we believe these recognitions highlight the strength of the Fortinet Security Fabric platform SUNNYVALE, Calif., May 23, 2025 (GLOBE NEWSWIRE) -- News Summary Fortinet® (NASDAQ: FTNT), the global cybersecurity leader driving the convergence of networking and security, today announced it has been recognized as a Challenger in the Gartner® Magic Quadrant™ for Security Service Edge (SSE). This recognition follows Fortinet's recent placement as a Leader and the highest in ability to execute in the 2024 Gartner® Magic Quadrant™ for SD-WAN for the fourth consecutive year — we believe this further validates Fortinet's vision and execution in delivering a unified SASE platform. 'We continue to demonstrate strong momentum, innovation, and growth in the SSE market,' said Nirav Shah, Senior Vice President, Products and Solutions at Fortinet. 'We believe Fortinet's placement in the Challengers quadrant is a testament to our growing adoption, positive customer feedback, aggressive roadmap execution with monthly releases, and ever-expanding market share. Our focus is on delivering real outcomes through flexible deployment models, seamless integration with existing infrastructure, and consistent AI-powered security wherever users connect.' A Differentiated SSE ExperienceWith FortiSASE, Fortinet delivers the most unified, flexible, and intelligent solution on the market today, enabling secure access from anywhere while reducing complexity, enhancing user experience, and strengthening security across hybrid environments. Key differentiators include: Unified solution: Unlike many fragmented offerings, FortiSASE is built on a single operating system, FortiOS, a unified management console, endpoint agent, and centralized data lake. This cohesive architecture ensures consistent security policy enforcement and streamlined operations across all environments from on-premises to the cloud. The integration of Fortinet Secure SD-WAN with cloud-delivered SSE, and digital experience monitoring (DEM) under one platform provides comprehensive visibility and control, reducing complexity and potential security gaps. Flexible connectivity: FortiSASE offers unparalleled flexibility to accommodate a wide range of organizational needs by supporting BYOD, contractors, agent-based, and agentless devices, as well as third-party SD-WAN solutions, facilitating seamless integration into existing infrastructures. Fortinet is also investing in building its own global cloud infrastructure, further enhancing performance, scalability, and control across its SASE services. Fortinet Sovereign SASE gives organizations flexibility and control over their data, especially in regulated sectors like finance and healthcare. Organizations can also integrate FortiSASE with Fortinet's WLAN/LAN portfolio to secure thin edge locations without the need for additional appliances or agents, ensuring comprehensive protection even in resource-constrained environments. Intelligent innovation: FortiSASE, powered by FortiGuard AI-Powered Security Services, delivers broad protection through integrated capabilities like secure web gateway (SWG), universal zero-trust network access (ZTNA), cloud access security broker (CASB), Firewall-as-a-Service (FWaaS), and remote browser isolation (RBI), all managed from a single unified console. Security teams can enforce zero-trust policies to manage access and data flows to generative AI (GenAI) apps, gaining visibility into usage patterns, destinations, and enabling enterprise-wide AI governance. What Customers Are Saying About FortiSASEIn addition to this latest Gartner acknowledgement, Fortinet was the only vendor to be recognized with the Gartner® Peer Insights™ Customers' Choice Recognition two years in a row for Security Service Edge. In the 2025 Gartner® Peer Insights™ Voice of the Customer, security service edge (SSE), FortiSASE customers had this to say: 'Elevating user experience with FortiSASE: perfect features and functionality'We use SIA (secured internet access) and SPA (secured private access) functionality of FortiSASE and the overall experience is exceptionally great. 'Reliable SSE with ZTNA solution with breadth of design options'Secure and reliable internet access for all hybrid users. Secure users regardless of their access location. Our overall experience with the solution is great and users are happy from the day we deployed this endpoint on their machines. "Best of the breed cloud delivered security solution to secure hybrid workforce"This solution allows us to accommodate growing user count without compromising performance. The solution provides robust security features, which include web filtering to provide protection against web-based threats. The Solution provides secure access to users irrespective of their location, Users are allowed to access the internet or servers post compliance checks. Our overall experience is highly positive. Additional Resources Download the report for more information about the 2025 Gartner® Magic Quadrant™ for Security Service Edge. Learn more about FortiSASE and our customer-first approach to SSE. Read more about Fortinet Unified SASE. Read more about the Fortinet Security Fabric. Visit to learn more about Fortinet innovation, collaboration partners, product security processes, and enterprise-grade products. Learn more about Fortinet's commitment to product security and integrity, including its responsible product development and vulnerability disclosure approach and policies. Learn about Fortinet's free cybersecurity training, which includes broad cyber awareness and product training. The Fortinet Training Institute also provides training and certification through the Network Security Expert (NSE) Certification, Academic Partner, and Education Outreach programs. Learn more about FortiGuard Labs threat intelligence and research and Outbreak Alerts, which provide timely steps to mitigate breaking cybersecurity attacks. Learn more about Fortinet's FortiGuard Security Services portfolio. Read about how Fortinet customers are securing their organizations. Follow Fortinet on Twitter, LinkedIn, Facebook, and Instagram. Subscribe to Fortinet on our blog or YouTube. GARTNER is a registered trademark and service mark of Gartner, Inc. and/or its affiliates in the U.S. and internationally, Magic Quadrant is a registered trademark of Gartner, Inc. and/or its affiliates and is used herein with permission. All rights reserved. Gartner does not endorse any vendor, product or service depicted in its research publications, and does not advise technology users to select only those vendors with the highest ratings or other designation. Gartner research publications consist of the opinions of Gartner's research organization and should not be construed as statements of fact. Gartner disclaims all warranties, expressed or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose. Gartner, Magic Quadrant for Security Service Edge, By Charlie Winckless, Thomas Lintemuth, Dale Koeppen, 20 May 2025 Gartner, Magic Quadrant for Data Center Switching, By Andrew Lerner, Simon Richard, Nauman Raja, Jorge Aragon, Jonathan Forest, 31 March 2025 Gartner, Magic Quadrant for Cyber-Physical Systems Protection Platforms, By Katell Thielemann, Wam Voster, Ruggero Contu, 12 February 2025 Gartner, Magic Quadrant for Email Security Platforms, By Max Taggett, Nikul Patel, Franz Hinner, Deepak Mishra, 16 December 2024 Gartner, Magic Quadrant for Access Management, By Brian Guthrie, Nathan Harris, Abhyuday Data, Josh Murphy, 2 December 2024 Gartner, Magic Quadrant for SD-WAN, By Jonathan Forest, Karen Brown, Nauman Raja, 30 September 2024 Gartner, Magic Quadrant for Endpoint Protection Platforms, By Evgeny Mirolyubov, Franz Hinner, Deepak Mishra, Satarupa Patnaik, Chris Silva, 23 September 2024 Gartner, Magic Quadrant for Privileged Access Management, By Abhyuday Data, Michael Kelley, Nayara Sangiorgio, Felix Gaehtgens, Paul Mezzera, 9 September 2024 Gartner, Magic Quadrant for Single-Vendor SASE, By , , , , , 3 July 2024 Gartner, Magic Quadrant Security Information and Event Management, By Andrew Davies, Mitchell Schneider, Rustam Malik, Eric Ahlm, 8 May 2024 Gartner, Magic Quadrant for Enterprise Wired & WLAN Infrastructure, By Tim Zimmerman, Christian Canales, Nauman Raja, Mike Leibovitz, 6 March 2024 Note: Fortinet acquired Perception Point in December 2024. Perception Point was recognized in the 2024 Magic Quadrant for Email Security Platforms 'Fortinet was recognized in 11 different Magic Quadrant reports including being named an Honourable Mention in Magic Quadrant for Data Center Switching, for Access Management, and for Privileged Access Management.' Gartner, Voice of the Customer for Security Service Edge, Peer Contributors, 27, September 2024. Gartner, Voice of the Customer for Security Service Edge, Peer Contributors, 29, September, 2023 About Fortinet Fortinet (Nasdaq: FTNT) is a driving force in the evolution of cybersecurity and the convergence of networking and security. Our mission is to secure people, devices, and data everywhere, and today we deliver cybersecurity everywhere our customers need it with the largest integrated portfolio of over 50 enterprise-grade products. Well over half a million customers trust Fortinet's solutions, which are among the most deployed, most patented, and most validated in the industry. The Fortinet Training Institute, one of the largest and broadest training programs in the industry, is dedicated to making cybersecurity training and new career opportunities available to everyone. Collaboration with esteemed organizations from both the public and private sectors, including Computer Emergency Response Teams ('CERTS'), government entities, and academia, is a fundamental aspect of Fortinet's commitment to enhance cyber resilience globally. FortiGuard Labs, Fortinet's elite threat intelligence and research organization, develops and utilizes leading-edge machine learning and AI technologies to provide customers with timely and consistently top-rated protection and actionable threat intelligence. Learn more at the Fortinet Blog, and FortiGuard Labs. Copyright © 2025 Fortinet, Inc. All rights reserved. The symbols ® and ™ denote respectively federally registered trademarks and common law trademarks of Fortinet, Inc., its subsidiaries and affiliates. Fortinet's trademarks include, but are not limited to, the following: Fortinet, the Fortinet logo, FortiGate, FortiOS, FortiGuard, FortiCare, FortiAnalyzer, FortiManager, FortiASIC, FortiClient, FortiCloud, FortiMail, FortiSandbox, FortiADC, FortiAgent, FortiAI, FortiAIOps, FortiAgent, FortiAntenna, FortiAP, FortiAPCam, FortiAuthenticator, FortiCache, FortiCall, FortiCam, FortiCamera, FortiCarrier, FortiCASB, FortiCentral, FortiCNP, FortiConnect, FortiController, FortiConverter, FortiCSPM, FortiCWP, FortiDAST, FortiDB, FortiDDoS, FortiDeceptor, FortiDeploy, FortiDevSec, FortiDLP, FortiEdge, FortiEDR, FortiEndpoint FortiExplorer, FortiExtender, FortiFirewall, FortiFlex FortiFone, FortiGSLB, FortiGuest, FortiHypervisor, FortiInsight, FortiIsolator, FortiLAN, FortiLink, FortiMonitor, FortiNAC, FortiNDR, FortiPAM, FortiPenTest, FortiPhish, FortiPoint, FortiPolicy, FortiPortal, FortiPresence, FortiProxy, FortiRecon, FortiRecorder, FortiSASE, FortiScanner, FortiSDNConnector, FortiSEC, FortiSIEM, FortiSMS, FortiSOAR, FortiSRA, FortiStack, FortiSwitch, FortiTester, FortiToken, FortiTrust, FortiVoice, FortiWAN, FortiWeb, FortiWiFi, FortiWLC, FortiWLM, FortiXDR and Lacework FortiCNAPP. Other trademarks belong to their respective owners. Fortinet has not independently verified statements or certifications herein attributed to third parties and Fortinet does not independently endorse such statements. Notwithstanding anything to the contrary herein, nothing herein constitutes a warranty, guarantee, contract, binding specification or other binding commitment by Fortinet or any indication of intent related to a binding commitment, and performance and other specification information herein may be unique to certain environments. Media Contact: Investor Contact: Analyst Contact: Travis AndersonFortinet, Inc.408-235-7700pr@ Aaron OvadiaFortinet, Inc. 408-235-7700investors@ Brian Greenberg Fortinet, Inc.408-235-7700analystrelations@ in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
15-05-2025
- Business
- Yahoo
Ekinops announces the acquisition of Olfeo, a cybersecurity software provider for businesses
Olfeo, a French SSE (Security Service Edge) software provider, securing Internet access against cyberattacks Over 500 customers – €6.3m in Annual Recurring Revenue (ARR) in 2024 Combined with its SD-WAN offering, Ekinops becomes a leading European provider of Secure Access Service Edge (SASE) solutions for networks cybersecurity, in line with its Bridge strategic plan Transaction fully financed in cash PARIS, May 15, 2025 /PRNewswire/ -- EKINOPS (Euronext Paris: FR0011466069) (Euronext Paris: EKI), leading supplier of telecommunications solutions for telecom operators and enterprises, announces the signing of an agreement with the shareholders of Olfeo, a French provider of Secure Service Edge cybersecurity software for enterprises, to acquire 100% of the company's share capital. Olfeo is a long-standing technology partner of Ekinops, already contributing to its SD-WAN solution as a key technology provider. This combination creates a leading European player in the fast-growing SSE (Security Service Edge) and SASE (Secure Access Service Edge) markets for networks cybersecurity, bringing French cybersecurity expertise to the European and global stage. Olfeo, a French leader in SSE and enterprise web security Founded in 2003 and based in Paris, Olfeo is a cybersecurity software company that protects enterprise information systems from cyberattacks and risks related to employee Internet usage. Olfeo's web security gateway solutions are offered through a subscription model, either as SaaS (Software as a Service) or on-premises. Olfeo is one of the leading European players in SSE (Security Service Edge) and offers a web security solution that combines multiple layers of security (SWG, CASB, DNS, DLP, etc.)[1] to protect enterprise information systems. With a team of 60 employees, half of whom are dedicated to R&D, Olfeo secures network and web access of over 500 customers and partners (businesses, local authorities, healthcare institutions, French governmental service and infrastructure operators, etc.). Olfeo generated €6.3m in recurring revenue (ARR – Annual Recurring Revenue) in 2024, with an EBITDA[2] margin of over 20%. Ekinops' existing footprint and expertise in managing critical networks, combined with Olfeo's innovative solutions will generate new growth opportunities in Europe and globally. Ekinops becomes a European market leader in Secure Access Service Edge (SASE), driving a shared vision of the secure cloud The convergence of network connectivity and cybersecurity challenges is at the heart of today's digital transformation for businesses. Operators are very much on the look for single-vendor network cybersecurity solutions that are sovereign, immediately available, and combining performance, security, ease of deployment and regulatory compliance. The SASE for networks cybersecurity market is estimated at over $9bn by 2025, with an average annual growth rate of +13% over the next few years[3]. By 2026, Ekinops aims to position itself in the "Unified SASE" segment, with a fully integrated solution specifically designed for mid-sized companies (SMB and SME). Ekinops intends to address this segment by leveraging its installed customer base with major telecom operators. The "Unified SASE" market is estimated to exceed $600m by 2025, with an average annual growth rate of over +27% over the next few years. Together, Ekinops and Olfeo will be able to meet the growing needs of public and private organizations for secure cloud access and agile network infrastructures, offering a high-performing and responsible European technology. An acquisition in line with the Bridge strategic plan ambitions to accelerate Ekinops' leadership in the most dynamic market segments This transformative move is a major first step in the achievement of Ekinops' Bridge strategic plan, aimed at positioning the Group in high-growth markets. Through Bridge, Ekinops aims to quickly return to double-digit growth, generating more than 30% of its annual revenue from Software & Services by 2028, including over 50% as ARR. With Olfeo, Ekinops would have generated 22% of its sales through Software & Services activity (2024 pro forma data). Terms and conditions of the transaction Ekinops is acquiring 100% of Olfeo's share capital through its holding company, Oscar SAS, from its founding shareholders, financial investors and employee shareholders. This acquisition is fully financed in cash, using Ekinops' own funds and the syndicated credit line dedicated to external growth, provided by its banking partners. The pro forma[4] balance sheet of the combined entity will remain very solid, with a net cash[5] position still positive after the transaction. As a reminder, Ekinops reported a positive net cash position of €29.5m at the end of 2024. Its completion is subject to customary conditions and is expected to occur in the coming weeks. Olfeo's management team is fully committed to this merger. In this context, Alexandre Souillé, founder and CEO of Olfeo, along with his team, will continue to develop the cybersecurity activity within Ekinops. "This alliance with Ekinops is a tremendous opportunity for Olfeo to accelerate its development while remaining true to its founding values: sovereignty, innovation, and close customer relationships. By joining forces with a recognized French technology player in the telecommunications network space, we are strengthening our offering of SSE and SASE, while continuing our mission to secure Internet and cloud access in full compliance with European regulatory standards," declares Alexandre Souillé, President and co-founder of Olfeo. "Olfeo is a French gem that shares with Ekinops strong values such as innovation and customer commitment. This strategic combination will enable us to expand our network cybersecurity offering, strengthen our position in the SASE market by delivering a sovereign European solution, and address emerging needs linked to the transformation of cloud usage. Together, we form a leading European player, capable of delivering end-to-end connectivity and security solutions to international operators and their enterprise customers," comments Didier Brédy, Chairman and CEO of Ekinops. About Security Service Edge (SSE) and Secure Access Service Edge (SASE) Security Service Edge (SSE) brings together security services designed to protect networks from cyber threats such as malware, data theft, phishing, and more. Unlike traditional setups that focus protection mainly on the core network, SSE is a cloud-based solution that shifts security functions to where users and devices connect. As a result, the network is protected not only on the company's premises, but also remotely. SSE gives companies greater flexibility to deploy new services and adapt to user needs much more easily than with a centralized solution. When combined with advanced SD-WAN, an SSE solution forms a Secure Access Service Edge (SASE) architecture, which integrates networking and security functions. SASE brings together SD-WAN to manage traffic and SSE to enforce security within a unified architecture, combining connectivity and security, wherever users and devices are located, with secure access and strong network performance at the edge. 1. SWG: Secure Web GatewayCASB: Cloud Access Security BrokerDNS: Domain Name SystemDLP: Data Loss Prevention2. EBITDA (Earnings before interest, taxes, depreciation, and amortization) corresponds to current operating income restated for (i) amortization, depreciation and provisions and (ii) income and expenses linked to share-based payments.3. Source: Dell'Oro Group4. Based on the companies' annual financial statements as of 31 December 20245. Net cash = cash and cash equivalents – borrowings (excluding bank debt relating to French R&D tax credit (CIR) pre-financing and IFRS 16 lease liabilities) Photo: EKINOPS ContactDidier BrédyChairman and CEO contact@ InvestorsMathieu OmnesInvestor Relations+33 (0)1 53 67 36 92 momnes@ PressAmaury DugastPress Relations+33 (0)1 53 67 36 74 adugast@ View original content to download multimedia: SOURCE Ekinops
