Welcome to our dedicated page for ForeScout Tech news (Ticker: FSCT), a resource for investors and traders seeking the latest updates and insights on ForeScout Tech stock.
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Forescout Technologies (Nasdaq: FSCT) has been selected by the U.S. Department of Energy for the "Firmware Command and Control" project at Idaho National Laboratory. This initiative aims to identify vulnerabilities in widespread libraries using machine learning similarity analysis of embedded code. Forescout will collaborate with notable labs like Argonne, Sandia, and the National Renewable Energy Laboratory. The company will contribute capabilities including real-time detection of IP-enabled devices and policy-based control, aiding in the project's design and development for potential commercialization.
Forescout Technologies (FSCT) has filed a lawsuit against Advent International, claiming the investment firm has breached their merger agreement. Advent refused to complete the acquisition on May 18, citing a 'material adverse effect' which Forescout disputes. The company asserts that all conditions for the merger are met and believes Advent is wrongfully using the COVID-19 pandemic as an excuse. Forescout emphasizes its strong financial position, having $100 million in cash as of March 31, 2020. The board is committed to ensuring the merger proceeds as planned.
