Fortinet's acquisitions: what it paid, per SEC filings

Fortinet closed four acquisitions between August 2024 and January 2025. Below is what each cost according to Fortinet's SEC filings.

Aug 1, 2024: Lacework, $152.3M Cloud security (CNAPP). Fortinet booked a $106.3M bargain-purchase gain because the net assets acquired, mainly deferred tax assets, exceeded the price. SEC filing

Aug 5, 2024: Next DLP, $105.0M Insider risk and enterprise data loss prevention. Cash. SEC filing

Dec 5, 2024: Perception Point (assets), $33.7M Email and collaboration security. Cash, for certain assets and liabilities. Israeli press had estimated ~$100M (Calcalist) to ~$200M (Globes). SEC filing

Jan 31, 2025: Linksys, $42.3M Purchase consideration per SEC purchase accounting. SEC filing

Sources Fortinet SEC filings: 1, 2

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