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Fortinet Disputes Trend Micro Patent Infringement ClaimCompany to Seek Review of ITC RulingSUNNYVALE, Calif., May 13, 2005 - 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 that it is seeking review of the initial determination issued by the International Trade Commission (ITC) judge against Fortinet regarding a patent infringement complaint by Trend Micro. Fortinet will vigorously defend its intellectual property while it continues to operate its global business as usual with no impact to partners and customers. "Fortinet believes that it has been developing products with its own proprietary technology," said Ken Xie, founder, president and CEO of Fortinet. "Fortinet has and will continue to operate with the belief that all companies should respect the intellectual property rights of others."
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
WW UTM Factory Revenue Leader Top 4 Largest Network Security Appliance Vendor Patents
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 6 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 Our previous security vendor used a very complicated licensing model, which meant that the equipment became expensive for us to maintain, support and upgrade. Fortinet's FortiGate appliances have greatly simplified the way we deploy sophisticated security technologies for our clients and have streamlined our administration, while reducing our costs. |