SOURCE: Fortinet

September 25, 2007 11:00 ET

Fortinet Appoints Industry Veteran Ken Goldman as Chief Financial Officer

Accomplished Executive Brings Solid Track Record of Financial, Operational and Business Expertise

SUNNYVALE, CA--(Marketwire - September 25, 2007) - Fortinet, the pioneer and leading provider of unified threat management (UTM) solutions, today announced that Ken Goldman, a seasoned and respected financial industry veteran, has joined the company as Chief Financial Officer (CFO).

Mr. Goldman is an accomplished executive with extensive financial, operational and business management experience and a solid track record of success. He served as senior vice president, finance and administration, and CFO of Siebel Systems from August 2000 until the close of Oracle Corporation's acquisition in January 2006. Prior to that, he held CFO positions at Excite@Home, Sybase, Inc., Cypress Semiconductor and VLSI Technology. Additionally, his experience includes board director, audit committee chairman, and financial advisory roles at several leading public and private technology companies.

Mr. Goldman earned his bachelor's degree in electrical engineering from Cornell University in 1971 and his master's degree in business administration from Harvard Business School in 1974. He is a member and the former president of The Financial Executive Institute, Santa Clara chapter, and was formerly a member of the Financial Accounting Standards Board Advisory Council (FASAC) from 2000 to 2004.

"Ken Goldman has earned his reputation as one of the industry's most respected financial executives. With numerous career choices available, his decision to join Fortinet is a testament to our accomplishments and potential as a company," said Ken Xie, founder, president and CEO of Fortinet. "Ken's vast experience will greatly benefit Fortinet as we move forward. We are pleased to have him on board and look forward to his contributions to the company."

About Fortinet (

Fortinet is the pioneer and leading provider of ASIC-accelerated unified threat management, or UTM, security systems, which are used by enterprises and service providers to increase their security while reducing total operating costs. Fortinet solutions were built from the ground up to integrate multiple levels of security protection -- including firewall, antivirus, intrusion prevention, VPN, spyware prevention and anti-spam -- designed to help customers protect against network and content level threats. Leveraging a custom ASIC and unified interface, Fortinet solutions offer advanced security functionality that scales from remote office to chassis-based solutions with integrated management and reporting. Fortinet solutions have won multiple awards around the world and are the only security products that are certified six times over by ICSA Labs (firewall, antivirus, IPSec, SSL, IPS, and antispyware). Fortinet is privately held and based in Sunnyvale, California.

Fortinet is a registered trademark of Fortinet, Inc. Fortinet, FortiGate, FortiOS, FortiAnalyzer, FortiASIC, FortiCare, FortiManager, FortiWiFi, FortiGuard, FortiClient, and FortiReporter are trademarks of the Fortinet, Inc. in the United States and/or other countries. All other trademarks referred to herein are the property of their respective owners.

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