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Industry Veteran Chris Paisley Joins Fortinets Board of DirectorsSUNNYVALE, 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 Fortinets 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 I am pleased to welcome Chris to Fortinets 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 Fortinets 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 Valleys 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)
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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 deploying the Fortinet solution at our nationwide data centers, we've been able to easily add new customers without having to bring on additional network resources. Fortinet's virtual domain functionality allows for us to easily scale and meet the rapidly growing needs of our business - all while saving costs and improving customer satisfaction. |