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Leading Market Research Firm Ranks Fortinet as the Largest Private Network Security Appliance VendorSUNNYVALE, Calif., March 27, 2006 - Fortinet - the pioneer and leading provider of multi-threat security solutions - today announced that IDC research data confirms it is the largest private security appliance vendor among tracked companies and is the leader in several key categories of the unified threat management market.
Data in IDC's Q4 2005 Worldwide Quarterly Security Appliance Tracker confirmed:
In regional results, Fortinet led the entire UTM market in Western Europe and Asia Pacific (including Japan) for 2005, based on strong revenues and success in all market segments. "Fortinet, as the first provider of this integrated functionality, is seeing rapid growth in the mid- and high-end markets," said Ken Xie, founder and CEO of Fortinet. "Our business is being driven by enormous demand from enterprises of all sizes, service providers, and carriers that are increasingly recognizing that no other vendor can offer the security, performance and cost advantages that Fortinet provides." IDC defines UTM security appliance products as those that integrate multiple security features within one device, including network firewalling, network intrusion detection and prevention (IDP), and gateway anti-virus. Fortinet pioneered the UTM market and has held the confirmed worldwide leadership position for two consecutive years. Through its family of award-winning FortiGate™ multi-threat security systems, Fortinet offers best-in-class security applications and services - including firewall, antivirus, virtual private network (VPN), intrusion prevention (IPS), anti-spam, Web content filtering and traffic shaping -- individually, or combined as a UTM solution. For more information on Fortinet solutions, 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
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. |