SOURCE: Fortinet

Fortinet

November 15, 2010 09:00 ET

Fortinet Celebrates 10 Years of Innovation and Leadership in Security

Success Includes Fastest Growing Top 10 Network Security Appliance Company of the Decade

SUNNYVALE, CA--(Marketwire - November 15, 2010) -  Fortinet® (NASDAQ: FTNT) -- a leading network security provider and the worldwide leader of unified threat management (UTM) solutions -- today announced its ten year company anniversary -- marking a celebration of a decade of innovation and leadership in the computer security industry.

In October 2000, driven to solve the next-generation of network security threats, Ken and Michael Xie started Fortinet with a dozen sharp engineers. They worked around the clock to architect and build the world's only ASIC-accelerated network-based multi-threat security systems, introducing the first FortiGate® systems in May 2002. Today, enterprises of all sizes, in all sectors and geographies rely on Fortinet's award-winning security systems to provide complete content protection against all types of threats. Fortinet has also expanded its product line and has grown to be a full end-to-end security provider, with solutions for web application firewall, messaging security, database security, endpoint security and vulnerability management. 

The company's strong technology expertise has helped it to secure and maintain worldwide UTM market leadership for more than five years, according to IDC. The company also holds leading positions in UTM market reports from Gartner and Frost & Sullivan. For its innovation, Fortinet has been awarded more than 60 patents, with over 120 patents pending, has more product certifications than any other security appliance company, and has earned more than 100 product awards from Information Security Magazine, SC Magazine and NetworkWorld.

Customer adoption is yet another proof point to Fortinet's successful innovation. The company has shipped more than 600,000 systems to more than 100,000 customers worldwide, including the majority of the 2010 Fortune Global 500. Fortinet customers are comprised of telecommunications carriers, U.S. Federal government agencies, managed security services providers (MSSPs) and enterprises of all sizes, many of which are focused on financial services, healthcare, retail and Federal markets.

This success with these customers has earned Fortinet an impressive growth rate since shipping its first product in 2002, and led to the company's eventual Initial Public Offering (IPO) in November 2009. The recent Q3 2010 marked the fourth consecutive quarter since last year's IPO that Fortinet exceeded its financial targets in terms of billings, which grew 33% year over year, and revenue, which grew 29% year over year, as well as profitability. Much of this is attributed to growing a high-caliber team of talented people, surpassing 1,300 employees in 23 offices across the globe.

"Fortinet was founded to execute the vision for integrated network and content/application security that could keep up with Internet changes and threats without crippling network performance or administrative resources," said Ken Xie, founder, president and CEO of Fortinet. "Execution on this vision has helped to protect more than 100,000 Fortinet customers around the world, including the majority of the Global Fortune 100, and has driven the widespread adoption of the UTM market, which gave birth to the new generation of network protection."

* Fastest growing company statement based on data from IDC Worldwide Security Appliance Tracker

About Fortinet (www.fortinet.com)
Fortinet (NASDAQ: FTNT) is a worldwide provider of network security appliances and the market leader in unified threat management (UTM). Our products and subscription services provide broad, integrated and high-performance protection against dynamic security threats while simplifying the IT security infrastructure. Our customers include enterprises, service providers and government entities worldwide, including the majority of the 2009 Fortune Global 100. Fortinet's flagship FortiGate product delivers ASIC-accelerated performance and integrates multiple layers of security designed to help protect against application and network threats. Fortinet's broad product line goes beyond UTM to help secure the extended enterprise -- from endpoints, to the perimeter and the core, including databases and applications. Fortinet is headquartered in Sunnyvale, Calif., with offices around the world.

Copyright © 2010 Fortinet, Inc. All rights reserved. The symbols ® and ™ denote respectively federally registered trademarks and unregistered trademarks of Fortinet, Inc., its subsidiaries and affiliates. Fortinet's trademarks include, but are not limited to, the following: Fortinet, FortiGate, FortiGuard, FortiManager, FortiMail, FortiClient, FortiCare, FortiAnalyzer, FortiReporter, FortiOS, FortiASIC, FortiWiFi, FortiSwitch, FortiVoIP, FortiBIOS, FortiLog, FortiResponse, FortiCarrier, FortiScan, FortiAP, FortiDB and FortiWeb. Other trademarks belong to their respective owners. Fortinet has not independently verified statements or certifications herein attributed to third parties, such as IDC, Gartner, Frost & Sullivan, Network World and Information Security Magazine, and Fortinet does not independently endorse such statements. This news release may contain forward-looking statements that involve uncertainties and assumptions. If the uncertainties materialize or the assumptions prove incorrect, results may differ materially from those expressed or implied by such forward-looking statements and assumptions. All statements other than statements of historical fact are statements that could be deemed forward-looking statements. Fortinet assumes no obligation to update any forward-looking statements, and reserves the right to not update forward-looking statements or other statements. Fortinet disclaims any obligation to comment on rumors or to correct any false or misleading rumors or press. Any decision by Fortinet to not comment on rumors or press should not be interpreted to mean that such rumors or press are in fact accurate. 

FTNT-O

Contact Information