Archangels’ Investee Company ZoneFox acquired by Fortinet

Leading cyber security software specialist, ZoneFox, has been sold by its shareholders – including Scottish business angel investment syndicates, Archangels and TriCap, Scottish Investment Bank and Napier University – to US-based Fortinet.

ZoneFox was established in 2010 and focuses on providing world-class security systems that effectively combat the growing issue of insider threats by reducing the risk of data theft, leakage and misuse to organisations across the globe. Its customers include healthcare firm, Craneware, Zenith Bank, Rockstar Games, Bede Gaming, Pinsent Masons and Virgin Care. The company employs 25 people at its offices in Edinburgh. ZoneFox was a spin-out company from Edinburgh Napier University.

Fortinet (NASDAQ: FTNT) secures the largest enterprise, service provider and government organisations around the world and ranks #1 in the most security appliances shipped worldwide, with more than 360,000 customers trusting Fortinet to protect their businesses.

The integration of ZoneFox’s award-winning machine learning-based threat-hunting technology will complement FortiClient endpoint security to provide endpoint detection and response (EDR) capabilities and will extend FortiSIEM with additional user entity behaviour analytics (UEBA) features, both on-premises and in the cloud. Fortinet expects that the new endpoint security capabilities provided by ZoneFox will allow enterprise organisations to better leverage machine learning to detect anomalous behaviour and provide an even faster response to insider threats.

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