The firm has been sold by its shareholders, who include Scottish business angel investment syndicates Archangels and TriCap, the Scottish Investment Bank and Napier University, to California’s Fortinet, which specialises in broad, integrated and automated cybersecurity services.
ZoneFox is an excellent example of an innovative Scottish technology business that’s had a clear vision from the outset...Kerry Sharp, Head, Scottish Investment Bank
ZoneFox, a spin-out from Napier University, was established in 2010 and focuses on providing security systems that tackle the growing issue of insider threats to organisations across the globe.
The company employs 25 people at its offices in Edinburgh. ZoneFox chief executive Jamie Graves said: “Integrating our solution with the Fortinet Security Fabric will allow us to extend our reach to a broad spectrum of Fortinet and third-party solutions to solve customers’ most difficult challenges in network security.”
Niki McKenzie, investment director at Archangels, said: “ZoneFox is a Scottish technology success story around the world and Archangels is proud to have supported the business and the management team from an early stage.”
And Ken Xie, founder, chairman of the board and chief executive officer at Fortinet also commented that the tie-up means the US business is “well-positioned to provide our customers with an integrated approach to defend against insider threats...”