Lookout announced the sale of its Cloud Security line of business to Fortra, a company dedicated to breaking the cyber attack chain with advanced offensive and defensive security solutions. The divestiture reflects Lookout’s strategic focus on its core strength in Mobile Endpoint Security and positions both organizations for sustained long-term growth.
“Following this transaction, we will focus our resources and investments on Endpoint Security, where we see strong opportunities for growth and value creation,” said Jim Dolce, CEO of Lookout. “We’re confident Fortra is the right partner to advance Lookout’s Cloud Security business and continue delivering exceptional service to its customers.”
In March 2024, Lookout entered a strategic partnership with Fortra, enabling the launch of Fortra’s Digital Guardian Secure Service Edge (SSE) solution, built on the Lookout Cloud Security Platform. With fully trained teams actively selling and supporting the platform, Fortra is well-positioned to drive the business forward. The solution is already integrated into Fortra’s Data Protection Suite, alongside Digital Guardian DLP and Data Classification.
“Our top priority during this transition is to ensure a seamless experience for our Cloud (SSE) customers, partners, and employees,” said Dolce. “We know Fortra will continue to provide the high standards of service and support our customers and partners have come to expect.”
“We’re thrilled to welcome Lookout’s SSE solutions, customers, partners, and employees to Fortra,” said Matt Reck, CEO of Fortra. “This acquisition strengthens our cloud security capabilities and supports our strategic vision for continued focus on Fortra’s cybersecurity offerings.”