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Fortinet Named Top Emerging Network Security Company by Leading Venture Capital Research FirmGrowthink Research Recognizes Fortinet for its Unique Technology and Business SuccessSUNNYVALE, Calif., July 19, 2004 - Fortinet - the only provider of ASIC-powered, network-based antivirus firewall systems for real-time network protection today announced that Growthink Research, a leading venture capital research firm, has named Fortinet as one of its "Top Emerging Companies of 2004". Growthink Research evaluated private companies with the greatest potential for future success, and named Fortinet a "Top Emerging Company" in the Networking Security sector based on its experienced management team, unique technology and track record of success.
"After evaluating over 2,000 companies that received funding from January 2003 to the present, Fortinet stood out as a company that we believe represents the qualities for not only leading, but defining, the network security market through its ASIC-based high-performance security technology that is quickly being recognized as an essential element for real-time network protection," said Corey Lavinsky, president of Growthink Research. "Given the experience of its management team, uniqueness and critical nature of its technology, as well as its impressive track record, we expect Fortinet to continue to experience significant success in this market."
"We are pleased that Growthink Research has recognized Fortinet as a leader in the network security space based on our security innovation, significant growth and successful execution," said Ken Xie, founder, president and CEO of Fortinet. "This award is a testament to the traction were experiencing in the market -- fueled by the need for more effective solutions that enable organizations to take full advantage of their high performance networks while minimizing their exposure to security threats." 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. Growthink Research's list of "Top Emerging Companies of 2004" for the Networking Security sector can be reviewed at: http://www.growthinkresearch.com/10security.html.
About Growthink Research (www.growthinkresearch.com)
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 Most manufacturers were able to offer two out of our three desired security functions but Fortinet was the only vendor with the capability to provide all three in a single security solution, while meeting our high expectations in terms of performance and cost effectiveness. On top of providing first-class security, the flexibility of the FortiGate systems allows our security solution to evolve on a per-region basis, as and when required. Moving forward, Fortinet's integrated approach means that other security functions such as SSL VPN, firewall and traffic shaping can be switched as per a country's individual requirements. As a fast-growing acquisitive company, this made for a very compelling proposition. |