Fortinet (NASDAQ: FTNT)is a worldwide provider of network security appliances and a market leader in Network Security (FW/NGFW/UTM). Our products and subscription services provide broad, integrated and high-performance protection against advanced threats while simplifying the IT security infrastructure. Our customers include enterprises, service providers and government entities worldwide, including the majority of the 2011 Fortune Global 100. Fortinet is headquartered in Sunnyvale, Calif., with offices around the world.
Founded in 2000 by Ken Xie, the visionary founder and former president and CEO of NetScreen, Fortinet is led by a strong and seasoned management team with deep experience in networking and security. Fortinet's market position has been validated by widespread recognition by industry analysts, business organizations, and media.
Fortinet's flagship FortiGate security appliances deliver ASIC-accelerated performance and integrates multiple layers of security designed to help protect against application and network threats. Our broad product line of complementary solutions goes beyond Network Security to help secure the extended enterprise - from endpoints, to the perimeter and the core, including databases and applications.
Fortinet's Yearly Revenue Growth
Fortinet generated $615m revenue and 15% year-over-year growth in 2013. The company is solidly profitable with more than $843M in cash, and is cash flow positive.
Fortinet’s purpose-built hardware and software provide industry-leading performance for the most demanding networking environments. Our integrated architecture provides extremely high throughput and exceptionally low latency, minimizing packet processing while accurately scanning the data for threats. Custom FortiASIC™ processors deliver content inspection at multi-Gigabit speeds.
Fortinet delivers a robust set of signature-based, heuristic, and advanced security technologies on top of a core high speed firewall and VPN foundation. These include intrusion prevention, application control, anti-malware, anti-spam, web filtering and more.
Fortinet consolidates different network and security functions into a single appliance. This provides a more cost effective deployment, simplified operations and integrated security system.
IDC Worldwide UTM Market ShareFortinet is the worldwide leading provider of UTM appliances, with a commanding 19% share of the UTM appliance market for Q1 2012, as determined by IDC®. IDC stated the UTM market grew more than 17% in 2011 to $2.2 billion and estimates that by 2016 the UTM market will be more than $4.3B, demonstrating a compounded annual growth rate of CAGR of 14% from 2010. IDC also expects that UTM revenues will surpass those of traditional firewall revenues in 2012 and will account for more than 33% of network security revenue in 2014. Fortinet has demonstrated consistent growth, outpacing firewall, IPS, and other security markets.
Fortinet is headquartered in Sunnyvale, California, with customer support, development and sales facilities throughout the world. Fortinet sells its system and subscription service products through a network of channel partners worldwide. To locate a Fortinet office in your region, view the complete list of our global locations, or contact us online for more information.
Fortinet IPO: Nov 2009
FY2013 Revenue: $615M
$911m cash and no debt
Q2-2014 Revenue: $184M
3rd Largest Network Security Appliance Vendor
160+ patents issued
130+ patents pending
200+ awards, including:
Security Product of the Year
Best Integrated Security Appliance
Best IPS solution
Top Mid-market Solution
5 ICSA security certifications
NSS recommended (FW, NGFW, IPS, ATP)
ISO 9001 certified
Fenwick & West LLP
Mountain View, California
Deloitte Touche Tohmatsu
San Jose, California