Fortinet Named to Prestigious "Red Herring 100" Listing

SUNNYVALE Calif., May 12, 2004 - Fortinet - the only provider of ASIC-powered, network-based antivirus firewall systems for real-time network protection - today announced that Red Herring, the premier magazine of business technology and innovation, has named Fortinet to the "Red Herring 100". The eighth annual list sets the standard as the industry's definitive list of 100 private technology companies impacting the marketplace in a number of technology-related sectors, including network security.

The Red Herring 100 list was compiled by the publication's editorial staff using the same combination of subjective insights and hard metrics favored by venture capitalists and investment bankers. Criteria included companies that embody innovation, technology, strategy and promise. The Red Herring 100 award has a tradition of identifying new and innovative technology companies and entrepreneurs.

"At the Red Herring, we scour the industry to identify the best and brightest technology companies that are transforming the current markets and creating new ones," said Alex Vieux, publisher of Red Herring. "The Red Herring 100 is our annual list of the most promising private companies. Like Google, eBay, Salesforce.com, and other previous Red Herring 100 alumni, these 100 have the potential to become the next titans of technology."

"We are pleased to be among a list that includes some of the most successful and innovative private companies in the world," said Ken Xie, founder, president and CEO of Fortinet. "The editors at Red Herring understand how critical IT security is to the current business climate and have included Fortinet for our security innovation, successful growth and execution, and our unique ASIC-based antivirus firewall solutions that combat all types of security threats in real-time."

Fortinet's award-winning FortiGate™ series of ASIC-accelerated Antivirus Firewalls detect and eliminate the most damaging and dangerous content-based threats at the network edges without degrading network performance. The products' ASIC-powered antivirus protection strips harmful, content-based attacks - including viruses, worms and Trojans - from real-time Web traffic as well as email messages at the network edge, even from within encrypted VPN tunnels, before these threats can reach vital servers and desktops.

The complete Red Herring 100 list is available for viewing at www.redherring.com.

About Red Herring
Red Herring, Inc., founded in 1993, is a media company whose mission is to cover innovation, technology, financing and entrepreneurial activity. Its staff of award-winning journalists tell readers what's first, what matters and most importantly, why. Red Herring is dedicated to thorough research, relevant metrics deep financial analysis, in-depth reporting, crisp writing and thoughtful debate. We are a skeptical, intelligent and trustworthy source of information in technology business. Our primary obligation is to provide the most relevant, honest and independent information and analysis to our audience, with the conviction that an exceptional editorial product is the best catalyst for success and the best way to serve our advertisers and investors. Our content is original, compelling and actionable for industry executives and entrepreneurs. A privately held company, Red Herring, Inc. is headquartered in Mountain View, California.

About the Red Herring 100 List
Over the last few months, Red Herring editors have spent hundreds of hour stalking with experts and carefully examining over 500 private global companies´ business models, financials, and management teams. Red Herring's unique approach of using both qualitative measurements and quantitative business metrics to assess a company's potential sets it apart from other lists. This year's selection process was weighted to reflect the reality of survival in today's challenging marketplace: generating revenues, establishing of a strong customer base and equally strong industry partnerships. What's more, it has significantly broadened its geographic scope across the globe to include companies from 10 countries, including China, Japan, Israel, the U.K. and Germany.

About Fortinet (www.fortinet.com)
Fortinet's award-winning FortiGate™ series of ASIC-accelerated antivirus firewalls, winner of the 2004 Security Product of the Year Award from Network Computing Magazine and the 2003 Networking Industry Awards Firewall Product of the Year, are the new generation of real-time network protection systems. They detect and eliminate the most damaging, content-based threats from e-mail and Web traffic such as viruses, worms, intrusions, inappropriate Web content and more in real time - without degrading network performance. FortiGate systems are the only security products that are quadruple-certified by the ICSA (antivirus, firewall, IPSec, NIDS), and deliver a full range of network-level and application-level services in integrated, easily managed platforms. Named to the Red Herring Top 100 Private Companies, Fortinet is privately held and based in Sunnyvale, California.