The move comes a few months after the release of the FortiGuard security report in which the company highlights its top six security predictions for 2013.
“This acquisition complements Fortinet’s Network Security strategy and allows the company and our channel partners to accelerate and further deliver on our vision of providing complete and comprehensive security into the enterprise,” said Ken Xie, founder, president and CEO of Fortinet. “Furthermore, we expect this acquisition will generate synergy among existing Fortinet products, including our FortiGate, FortiBalancer, FortiDDoS and FortiWeb platforms.”
Fortinet says it will not make “any immediate changes to Coyote Point product offerings, customer support and channel programs or any existing ADC products that Fortinet markets,” and will announce future products and solution offerings upon their availability.
Enterprises use application delivery controllers to optimize reliability, end-user performance, data center resource use and security for different enterprise applications.
A recent IDC report projected that the annual end-user spending for application delivery controllers will surpass $2 billion for 2013.
As part of Fortinet’s FortiBalancer series, the company currently offers a range of ADC solutions that serve small enterprises to carriers and cloud service providers.
Talk back: Do you think the acquisition of Coyote Point is a strong investment for Fortinet? Are you currently offering your customers load balancing or application delivery solutions? Let us know in a comment.