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Fortinet Complies With International Trade Commission (ITC) Ruling, U.S. Business Continues UninterruptedAntivirus Software Enhancements Expected to Avoid Trend Micro PatentSUNNYVALE, Calif., August 9, 2005 - Fortinet - the pioneer and market leader of Unified Threat Management and only provider of ASIC-accelerated, network-based multi-threat security systems for real-time network protection - today announced plans to address a U.S. International Trade Commission (ITC) ruling received on August 8, 2005 regarding a patent infringement complaint filed by Trend Micro. Without interruption to its U.S. operations or customers, Fortinet is accelerating development and delivery of enhanced antivirus software intended to avoid the technology covered in Trend Micro's patent and deliver increased benefits to customers. The ITC's ruling is limited to the U.S. and affects only the antivirus component of Fortinet's best-in-class security applications suite, which consists of seven dedicated security applications - firewall, VPN, intrusion detection/prevention, antivirus, web filtering, antispam and traffic shaping -- deployable collectively or separately on its FortiGate™ integrated unified threat management platform. More than 70 percent of Fortinet's revenues are derived internationally and the ITC ruling has no affect on Fortinet's international operations. Of paramount importance, the ITC ruled that Fortinet can continue to provide service and support in a business as usual manner for all U.S. customers, including customers with Fortinet's antivirus functionality. This includes ongoing maintenance releases and antivirus signature updates. Additionally, Fortinet U.S. channel partners can continue to sell their current Fortinet inventory to customers, including the antivirus application, as well as support contracts. "Fortinet firmly believes we do not infringe on Trend Micro's antivirus patent," said Ken Xie, founder, president and CEO of Fortinet, Inc. "We are committed to ensuring that our U.S. business operates as usual with no impact to customers and partners, and we are confident that our forthcoming antivirus software enhancements will avoid Trend's patent." Fortinet's antivirus software enhancements will deliver improved security, performance and throughput to customers with no impact to existing network deployments. The software enhancements will be available to customers and partners during the next 60-90 days as part of a normal FortiOS support release. Once these enhancements are deployed, Fortinet expects to return to a "business as usual" mode in the U.S. 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 FortiGate appliances allowed us to have our security grow with the needs of our network infrastructure, evolving from 200 Mbps to 1 Gbps performance over time. With Fortinet's firewall solution, we control what comes in and out of our data centers, and we have been able to include new applications in our service catalogue without jeopardizing the availability and security of our core systems. |