Fortinet, CipherTrust and NetScaler Bring Leading Financial Experts Together For The Security IPO Summit at RSA Conference 2004

Red Herring’s Alex Vieux Convenes Panel to Discuss Opportunities and Expectations For Public Offerings in the Security Sector in 2004

When: Tuesday, February 24, 3:30-4:30 pm
Where: RSA Conference, Moscone Center – Room 121 (near pressroom)
San Francisco, Calif.
What: The Security IPO Summit, co-hosted by network security innovators, Fortinet, CipherTrust and NetScaler, will be a frank discussion by a panel of financial market experts on the prospects for security IPOs in 2004. Moderated by Alex Vieux, publisher and CEO of Red Herring, session attendees will hear financial industry analyst, investment banker and fund manager perspectives on the topics such as:
  • How has the IPO market changed in the past year, and what is the outlook for the next 12-18 months?
  • Will investor appetite for new offerings drive a flurry of IPOs?
  • Will the already hot security market provide a key source of potential IPO candidates?
  • What are the buyers of emerging companies looking for, and are there any candidates that fit?
The event is open to all RSA Conference attendees with an interest in the IPO climate, particularly within the security market sector.
Who: Panelists will include:
  • Walter Pritchard, Vice President & Senior Research Analyst, Schwab SoundView Capital Markets
  • Israel Hernandez, Senior Vice President & Senior Equity Research Analyst, Lehman Brothers
  • Gary Kirkham, Managing Director, Technology Investment Banking, Merrill Lynch & Co.
  • Avi Satwalekar, Research Analyst/Portfolio Manager, Franklin Templeton

About Fortinet (www.fortinet.com)
Fortinet's award-winning FortiGate™ series of ASIC-accelerated antivirus firewalls, winner of 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 email and Web traffic such as viruses, worms, intrusions, inappropriate Web content and more in real time – without degrading network performance. FortiGate systems, the only security products that are quadruple-certified by the ICSA (antivirus, firewall, IPSec, NIDS), deliver a full range of network-level and application-level services in integrated, easily managed platforms. Named to the “Visionaries” category in the 2003 Gartner Enterprise Firewall Magic Quadrant, Fortinet is privately held and based in Sunnyvale, California.

About CipherTrust
Headquartered in Atlanta, CipherTrust, Inc. is a global email security company, setting new standards in the development of comprehensive security solutions for enterprise email systems. The company’s IronMail appliance is the only product on the market offering an integrated set of best-of-breed security solutions, including spam protection, virus prevention, intrusion detection and flexible policy controls. CipherTrust’s IronMail provides a secure email gateway for the enterprise, and earned PC Magazine’s Editors’ Choice Award for corporate anti-spam tools. For more information about CipherTrust, visit www.ciphertrust.com or call 877.448.8625.

About NetScaler
NetScaler provides networking systems that enable the fast and secure delivery of applications over web-based networks. Uniquely integrating application-layer security, optimization and switching capabilities, NetScaler's 9000 Series optimizes the application performance and security of many of the world's largest data centers and websites, while greatly reducing cost of ownership. NetScaler headquarters are in Santa Clara, California, and the Company's products are available both direct and through a variety of channel partners globally. For more information, visit http://www.netscaler.com.



QUICK FACTS
Year Founded
2000
Stock Symbol
NASDAQ: FTNT
Headquarters
Sunnyvale, California
Number of Employees
1,200+
Financial Highlights
FY09 Revenue: $252M
$260M+ cash and no debt
Profitable
First Product Release
May 2002
Units Shipped to Date
500,000+
Customers
75,000+ customers
Market Leadership
WW UTM Factory Revenue Leader
Top 4 Largest Network Security Appliance Vendor
Patents
40 patents
100+ patents pending
Industry Accolades
80+ awards, including:
Security Product of the Year
Best Integrated Security Appliance
Best IPS solution
Top Mid-market Solution
2006 Technology Pioneer
6 ICSA security certifications
NSS certified (UTM)
ISO 9001 certified
Corporate and Securities Counsel
Wilson Sonsini
Goodrich & Rosati
Palo Alto, California
Auditors
Deloitte Touche Tohmatsu
San Jose, California



Our customers were looking for an alternate and trustworthy way to protect their networks without the need to have appliances at their site, so a virtualized integrated security service, with its related capital- and operational-expenditure savings, is the right solution for many companies. Fortinet has one of the richest security virtualization offering in the industry, so we knew that, with Fortinet, we were partnering with the pre-eminent technology leader in the field.

Adam Rice, Vice President SSOC
Tata Communications