Fortinet has agreed to purchase Coyote Point Systems.
The network security company has entered into a definitive merger agreement to acquire the privately-held provider of enterprise-class application delivery (ADC), load balancing and acceleration services, which it claims will complement its offerings.
Fortinet also claims that the merger will help it and its channel partners to accelerate and further deliver on services to their clients.
Under the agreement no immediate changes will be made to Coyote Point products, customer support and channel programs or any existing ADC products that Fortinet markets, the company said.
However, as new products become available things could change.
According to industry forecasts, the annual end-user spending for Application Delivery Controllers will exceed $2 billion for 2013.
John Grady, research manager at IDC said as more enterprises turned to the cloud, data centres would require higher performance products coupled with strong security.
He said that, as a result, security and application delivery “must work hand-in-hand” to ensure quality of service while still preventing attacks.
“This acquisition places Fortinet in a unique position to deliver on both aspects in one [service].” he added.
