April 14, 2021 3:48 am
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Fortinet invests $75 million in Foxconn subsidiary Linksys

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Linksys, a subsidiary of Foxconn Interconnect Technology and cybersecurity firm Fortinet announced a strategic alliance with the intent to focus on the security of home networks.

As part of the alliance, Fortinet has made a strategic investment of $75 million in Linksys, which provides leading and next-generation connectivity solutions to consumers and businesses worldwide. In addition, Fortinet will appoint a representative to the Linksys Board of Directors.

Together, Fortinet, Linksys, and FIT will offer enterprise-grade connectivity and security and unparalleled quality of service to organizations that need to provide seamless and secure connectivity for their employees to efficiently work from home, said the company in a statement.

“When organizations implement telework at scale, cybercriminals leap at the opportunity to exploit the numerous security gaps that arise. Security-driven networking—a strategy that converges networking and security across the connected environment, from the core, into the cloud, and to the branch and remote workers —enables organizations to see and defend today’s highly dynamic environments while preserving an excellent user experience. We are excited to partner with Linksys to deliver enterprise-grade secure, reliable network connectivity for home-based workers,” said Ken Xie, Founder, Chairman of the Board, and CEO at Fortinet.

Sidney Lu, Chairman and CEO of FIT Hon Teng said: “We are pleased to welcome Fortinet as a strategic partner in providing secured connectivity for consumers and remote professionals. The collaboration is a testament to the ongoing strength and reach of the Linksys . We look forward to leveraging Fortinet’s proven cybersecurity expertise to capitalize on new opportunities.”

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