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Fortinet Selected as 2006 Technology Pioneer by World Economic ForumCompany Founder Ken Xie Recognized for Advancing Network Security Innovation; Profiled in Time MagazineSUNNYVALE, Calif., Dec. 8, 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 that it has been selected as a Technology Pioneer for 2006 by the World Economic Forum. Fortinet's selection as a prestigious World Economic Forum Technology Pioneer is based on the network security technology breakthrough developed by its Founder and CEO Ken Xie. Mr. Xie, an acknowledged visionary in the networking and security fields, is profiled in Time Magazine's Dec. 12, 2005 edition, which features a special editorial section on the World Economic Forum. The article can be found at: http://www.time.com/time/globalbusiness/article/0,9171,1137647,00.html The World Economic Forum defines its Technology Pioneers as companies that have developed and applied highly transformational and innovative technologies in the areas of energy, biotechnology and health, and information technology. This year's class of companies has been selected not only because of their cutting-edge work, but also because their work has potential long-term impact on business and society. Fortinet Founder, CEO and President Ken Xie recognized early on the global need for safe, secure Internet connections and content amid evolving and application-based Internet threats -- and that conventional network security solutions were inadequate for addressing these threats and incapable of performing deep content analysis without crippling network performance. To solve this problem, he founded Fortinet in 2000, and with his brother and company co-founder Michael Xie, led the development of the industry's first and only ASIC-accelerated multi-threat security appliances. Fortinet's FortiGate™ security appliances integrate seven critical security functions with the company's FortiASIC™ chip that accelerates computationally intensive security applications to provide real time network and content security for companies of all sizes. To date, more than 100,000 FortiGate systems safeguard the networks of thousands of customers worldwide - from large governmental agencies and major financial institutions, to universities and small businesses. "The creative innovations produced by our Technology Pioneers hold the promise of significantly affecting the way business and society operate," said Peter Torreele, Managing Director of the World Economic Forum. "As a global knowledge hub, we see the Technology Pioneer community as key contributors to this dialogue and to the mission of the World Economic Forum."
About the World Economic Forum and the Technology Pioneer Program
Each year, members, constituents and collaborators of the World Economic Forum nominate Technology Pioneers. The criteria for selection include:
Nominees are evaluated by an external review committee comprised of technology experts with respect to the criteria above.
About the World Economic Forum (www.weforum.org)
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 As a small focused team working on a variety of high profile projects, our main priorities are the quality of our work and the service we provide. IT has never been top of the agenda; the construction industry as a whole continues to use traditional processes and still communicates via fax and post in many instances. However, as more of our partners are working electronically, our IT has become business critical, and the need to secure our IT assets was something we knew we had to address, but without our IT expenditure going through the roof. |