Industry Veteran Chris Paisley Joins Fortinet’s Board of Directors

SUNNYVALE, Calif., March 4, 2004 -- Fortinet – the only provider of ASIC-powered, network-based antivirus firewall systems for real-time network protection – today announced that Chris Paisley has been appointed to its board of directors. Mr. Paisley is a renowned industry veteran with a successful track-record of managing high-growth companies. He brings to Fortinet’s board more than 20 years of industry and financial experience, having formerly held management positions at 3Com Corporation and Hewlett-Packard.

Mr. Paisley currently serves as the Dean's Executive Professor of Accounting and Finance at the Leavey School of Business at Santa Clara University. The bulk of his career was spent at 3Com Corporation, where he held the position of senior vice
president and chief financial officer and spent fifteen years helping lead the company through its rapid growth as a data communications leader. During his tenure at 3Com, the company’s annual revenues grew from $50 million to nearly $6 billion. Mr. Paisley also served as chief financial officer and vice president of finance at Ridge Computers, and began his career at Hewlett-Packard.

“I am pleased to welcome Chris to Fortinet’s board of directors," said Ken Xie, Fortinet founder, president and CEO. "His deep and broad business and industry knowledge, coupled with his experience managing companies through high-growth periods will be a valuable asset to Fortinet as we continue to swiftly expand our position in the Internet security arena.”

Mr. Paisley joins Fortinet’s five-member board of directors which includes Chariman David Tsang, the managing member and co-founder of Acorn Campus, and Members John Walecka, a founding partner of Redpoint Ventures; George Hara, director, founder and managing partner of DEFTA partners; Ken Xie, Fortinet founder, president and CEO; and Michael Xie, Fortinet founder, CTO, vice president of engineering, and president of Fortinet Canada.

Fortinet is a privately-held company funded by some of Silicon Valley’s most respected venture capitalists. It was recently cited by Dow Jones VentureWire as among the startups most likely to succeed long-term.

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 Chunghwa Customer Win Release - 4 “Visionaries” category in the 2003 Gartner Enterprise Firewall Magic Quadrant, Fortinet is privately held and based in Sunnyvale, California.

 









Two factors made it a clear decision for us to partner with Fortinet. The company has developed a strong reputation and market leadership for its security platform and breadth of products that can meet the varied needs of enterprises, service providers and carriers. This, together with our proven track record of providing high quality, cost-effective network services means the partnership is good for both companies and our clients across the globe.

Steve Joubert, Group Executive Global Solutions
Dimension Data