Network security firm Fortinet, Inc. has acquired network security monitoring and analytics solutions provider AccelOps, Inc.

Although the price was not officially disclosed Reuters puts the deal at $28 million in cash, with an additional $4 million in cash subject to future performance.

Founded in 2007, AccelOps offers an operations analytics platform for data centers that focuses on security, network performance, and compliance.

Their platform is said to automatically discover, analyze and automate IT issues in machine and big data across public, private and hybrid clouds spanning servers, storage, networks, security, applications and users.

AccelOps’ unsupervised machine learning engine sends real-time alerts when deviations occur on a network where they indicate a security or performance-impacting event, scaling seamlessly and providing delivery of proactive security and operational intelligence.

“The Accelops solution is fundamentally changing the way organizations are able to control threats to network security, performance, and regulatory compliance, by dramatically decreasing the time it takes to identify, isolate, remediate and prevent future threats,” the company claims in its sales pitch. “The Accelops patented unified analytics platform is the industry’s first to integrate and cross-correlate data and analytics that has historically been procured and managed in divergent organizational silos. Anything less is putting you and your organization at risk.”

Fortinet intends to merge AccelOps solutions to become FortiSIEM as part of the Fortinet Security Fabric.

AccelOps’s Security Operations Center (SoC) and Network Operations Center (NoC) capabilities will now power Managed Security Service Providers (MSSPs) and Fortinet Support Services, including a new subscription service called FortiCare 360° Support.

Improved services

“Sixty-percent of all security breaches result in stolen data starting within minutes of the breach and go undetected due to ineffective threat monitoring and security event correlation. In addition, the lack of a holistic view across organizations’ entire distributed, multi-vendor networks and the growing quantity and complexity of threat information create big-data security challenges,” Fortinet Chief Executive Officer and Founder Ken Xie said in a statement. “With the acquisition of AccelOps, Fortinet extends its Security Fabric to address these challenges by combining security and compliance monitoring with advanced analytics for multi-vendor security solutions, enabling automated and actionable security intelligence from IoT to the cloud.”

Prior to acquisition, AccelOps had raised $25 million in two round from investors including ATA Ventures, Mirimar Venture Partners, and U.S. Venture Partners.

The acquisition is not subject to any waiting period and is described as being “complete and effective immediately.”

Image credit: AccelOps