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Fortinet Expands Reach into Asia to Meet Growing Demand for its Integrated Network Security SolutionsNew Offices and Personnel in Singapore, Malaysia, Thailand and India to Help Customers Combat Online Content Based Threats in Real TimeSUNNYVALE, Calif., Feb. 23, 2004 -- Fortinet the only provider of ASICpowered, network-based antivirus firewall systems for real-time network protection today announced it has expanded its operations across the ASEAN region with the opening of offices in Singapore, Malaysia, Thailand and India. These new offices broaden Fortinets presence in Asia -- which already includes offices in Australia, Hong Kong, Japan, South Korea, and Taiwan enabling the company to meet the growing demand for its integrated network security solutions and provide local sales and support services to a range of customers, including B.M. Media, China Telecom, Daewoo, Korea Telecom, Toshiba and more. The new offices form part of a region-wide strategy to drive adoption of Fortinets award-winning FortiGateTM product line. FortiGate systems are hardware-based devices that scan traffic and eliminate threats without any noticeable reduction in network performance or delays in the delivery of email, Web downloads or other critical traffic for enterprises of all sizes. The addition of India, Singapore, Malaysia and Thailand
to our regional network will enable us to provide local sales
and technical support to the growing numbers of customers
who are deploying our integrated solutions, said Matt
Young, Fortinets Combating Todays Threats: The FortiGate Family of
Solutions Hackers, spammers and others have become more sophisticated at circumventing traditional software-based and even hardware-based security solutions, leaving most organizations dangerously exposed to content-based attacks from real-time traffic and Web applications, added Young. MyDoom and other recent virus attacks have highlighted how, even with the most up-to-date antivirus software installed, enterprises are still vulnerable to attack. In addition, spam is rapidly becoming the main source of discontent for enterprises in terms of loss of productivity, efficiency and security. Fortinets FortiGate product line has proven to many companies how these and other issues can be cost-effectively controlled and combated while maintaining the integrity of the network. FortiGate units are kept up-to-date against the latest threats via the FortiProtect Distribution Network, which automatically delivers updated antivirus and intrusion detection signature databases to FortiGate systems worldwide. This means that detection occurs within the network before attacks reach downstream PCs and servers, and eliminates the dependence on individual users to update their antivirus software and protects the organization against inadvertent distribution of threats by employees. About Fortinet (www.fortinet.com)
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QUICK FACTS
Year Founded
2000Stock Symbol
NASDAQ: FTNTHeadquarters
Sunnyvale, CaliforniaNumber of Employees
1,200+Financial Highlights
FY09 Revenue: $252M$260M+ cash and no debt Profitable First Product Release
May 2002Units Shipped to Date
500,000+Customers
75,000+ customersMarket Leadership
Top 4 Largest Network Security Appliance VendorPatents
40 patents100+ 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 7 ICSA security certifications NSS certified (UTM) ISO 9001 certified Corporate and Securities Counsel
Wilson SonsiniGoodrich & Rosati Palo Alto, California Auditors
Deloitte Touche TohmatsuSan Jose, California Since our Fortinet deployment, we are saving on average $250,000 a year in communications costs alone. Since deploying FortiMail we have seen a positive and dramatic change in the stability of our email server. FortiMail is blocking roughly 30,000 spam emails a day - that's more than ten million less junk emails a year our employees have to be bothered with. |