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Fortinet Named Market Leader of New Unified Threat Management Security CategoryNew Market Analyst Report Shows Fortinet Marketshare Leading Rapidly Growing Security Segments estimated at $3.45 billion by 2008SUNNYVALE, Calif., September 22, 2004 - Fortinet - the confirmed market leader in Unified Threat Management and only provider of ASIC-accelerated, network-based antivirus firewall systems for real-time network protection - today announced its confirmed leadership position in the Unified Threat Management (UTM) security market. Data from industry research firm IDC's recent report #31840, titled "2003 Threat Management Security Appliance Market" released today, shows that Fortinet holds 29.5 percent of the UTM security market - the leading share of a new category consisting of integrated multi-function security appliances.
Growth Outpaces Traditional Firewall/VPN Appliances
"The emerging Unified Threat Management (UTM) Security Appliance market transforms single function appliances into a more flexible environment for deploying multiple security features on a single platform. UTMs are quickly gaining popularity because they offer security application performance, operating cost savings, and capital cost preservation," said Charles Kolodgy, research director for Security Products at IDC. "As the leading UTM vendor, Fortinet is a driving force in this market. It helps customers thwart blended threats, offers a wide variety of functionality, integrates security services, and solidly supports applications with high-performance hardware systems." IDC defines Unified Threat Management security appliances as products that unify and integrate multiple security features integrated onto a single hardware platform. Qualification for inclusion within this category requires network firewall capabilities, network intrusion detection and prevention (IDP), and gateway anti-virus (AV) functionality. All of these security features do not need to be utilized concurrently, but need to exist in the product. In fact, larger enterprises and service providers offering managed security service offerings vary their use of the seven different Fortinet FortiGate antivirus firewall capabilities in their networks. IDC attributes the rapid market adoption of UTM security appliances to the fact that the rise in blended threats requires a greater breadth of integrated functionality and deployment flexibility.
Leading Universal Threat Management: FortiGate™ Antivirus Firewalls
Since introduced in May of 2002, Fortinet's FortiGate antivirus firewalls have gained widespread market adoption, with more than 60,000 systems shipped to thousands of customers worldwide. Additionally, the products have earned numerous industry awards based on head-to-head third-party testing including the 2004 Security Product of the Year Award from Network Computing and the 2003 Networking Industry Awards Firewall Product of the Year. "Fortinet remains the first and only company to address the need for security solutions that deliver high-performance, integrated anti-virus and network security," said Ken Xie, founder, CEO and president of Fortinet. "Confirmed market leadership from global research firm IDC validates the rapid market adoption of our FortiGate antivirus firewalls over competing point products and our effectiveness in delivering the universal threat management solutions customers need to thwart the new generation of attacks." To access a webcast that provides more information about IDC's UTM study and Fortinet's leadership position in it, please click here. For more information on Fortinet's FortiGate Antivirus Firewalls, please visit: www.fortinet.com/products.
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 Fortinet appliances, our IT staff has been spending significantly less time managing our network security. We can now easily make global and regional network changes from a central location rather than having to log in to each device. |