Fortinet plans to purchase trouble late-stage startup Lacework to integrate its AI-driven cloud native application protection platform into the Fortinet Security
Fortinet plans to purchase trouble late-stage startup Lacework to integrate its AI-driven cloud native application protection platform into the Fortinet Security
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While Indian law is clear on the unenforceability of a non-compete clause operating beyond the term of employment, companies still include it in contracts, particularly for senior executives, as its seen as a soft deterrent, said Jay Parikh, partner at Luthra and Luthra Law Offices. Employees would rather comply than bear litigation costs and carry the burden of being sued by their previous employer.
Wiz is in advanced negotiations to buy Lacework for between $150 million and $200 million. The companies recently signed a letter of intent and are now in the midst of a comprehensive due diligence process, after which a decision will be made on whether the acquisition will go through.