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Fortinet Extends Managed Security Service Provider Partner Program; FortiGate-5000 Chassis Series Offers Additional Security Services on a Single PlatformGrowing number of MSSPs including BAI, Guarded Networks and RISC leverage FortiGate Antivirus Firewalls to protect customers worldwideSUNNYVALE, Calif., October 11, 2004 - Fortinet, Inc., 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 enhancements to its growing managed security service provider (MSSP) program. The company now offers two distinct MSSP partner and related program elements to both end user and internal customer needs. Fortinet's MSSP program now offers a valuable MSSP secure operation center and network operation center service resale option for traditional resellers looking to expand service revenues as a MSSP with minimal capital investment. Fortinet's enhanced program assists existing MSSPs in reselling services from their significant network and infrastructure capabilities. Leading analyst firms predict MSSP services will grow at least 50 percent annually until 2006 (source: IDC) and that the managed security service market will reach $3.7 billion by 2008 (source: Yankee Group). Fortinet is realizing this growth and has successfully signed more than 100 global MSSP partners to date such as Guarded Networks, RISC in France, KDDI in Japan and KT bizmeka in Korea. Fortinet's portfolio of ASIC-accelerated FortiGate systems are being deployed to separately offer best in class firewall, antivirus, intrusion detection/intrusion prevention services and more -- to thousands of small and medium size enterprise (SME) customers worldwide. SMEs using FortiGate systems as customer premise equipment have the ability to sign up for one or more security services on a single FortiGate system, saving them both capital and operational expenses. Both MSSPs and their SME customers also find Fortinet's box-based pricing model far more economical than the user-based pricing models currently sold by most competitors. "Fortinet's FortiGate Antivirus Firewall platforms give us the flexibility to deploy either specific firewall services or comprehensive security services including antivirus services to a wide variety of SME customers, without having to purchase, manage and maintain multiple different point solutions in our datacenter," said Gavin Matthews, CIO for Seccom Networks. "By offering a complete selection of security services, Fortinet is helping us save both capital and operational expenses ultimately positioning our company for long-term growth."
Fortinet's Expanded MSSP Partner Program
Fortinet Integrated Network Security Platform
Additionally, Fortinet's FortiManager™ is an integrated reporting and logging system providing MSSPs the ability to easily and efficiently manage and monitor large numbers of SME users across multiple FortiGate systems. FortiManager minimizes the MSSP's administrative operational expense efforts and improves security by providing a centralized management platform. Centralized management helps MSSPs deploy, configure, monitor and maintain the full range of network protection services provided by FortiGate devices, as well as establish and maintain separate security policies across multiple, dispersed FortiGate installations "MSSPs are witnessing rapid service offering adoption, due to a growing and diverse need for comprehensive network security but at the same time want to minimize additional specialized IT headcount costs," said Adam Stein, vice president of marketing for Fortinet, Inc. "Fortinet's unique ability to provide MSSPs with an integrated security platform that can be provisioned for a wide range of customized offerings is delivering great success to our partners, their end user customers and to Fortinet. Our expanded MSSP Partner program will help attract new partners and better enable existing partners to market and deliver their managed security services to meet all types of customers' needs."
Program Information
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 Managing multiple restaurant locations nationwide, it was very important for us to select a network security solution that was cost-effective, easy to use and offered central management while ensuring Federal compliance regulations. The FortiGate product line is allowing us to offer enterprise-level network security to our restaurants as well as complying with government regulations such as PCI mandates. |