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Fortinet Hires Network Security Luminary Richard Stiennon as Chief Marketing OfficerFormer Gartner Security Analyst and "One of 50 Most Powerful People in Networking" Joins Market Leader of Multi-Threat Security SolutionsSUNNYVALE, Calif., Nov. 28, 2006 - Fortinet - the pioneer and leading provider of unified threat management (UTM) solutions, today announced that Richard Stiennon, a widely acclaimed and acknowledged security industry luminary, has joined the company as Chief Marketing Officer (CMO). In this newly-created position, Stiennon will be responsible for driving the company's branding and go-to-market strategies and working directly with high-end enterprise, carrier and managed service provider customers to broaden awareness for and adoption of Fortinet solutions. Named "One of 50 Most Powerful People in Networking," Stiennon is perhaps best known for his tenure as vice president of research for Gartner's Security and Privacy group. While at Gartner, his thought-provoking industry analysis and daily strategic counsel to Global 2000 CIOs earned him Gartner's Thought Leadership Award for 2003 and garnered him the ranking of one of Gartner's most in-demand analysts in terms of total calls and on-site visits for four years running. "Richard Stiennon is a rare talent and one of the most sought after analytical thoroughbreds in the security industry," said Fortinet Founder, President and CEO Ken Xie. "Having provided hands-on business and technical consultation on a wide range of security issues with numerous Global 2000 companies, he has a true understanding of customer requirements and will play a vital role in accelerating awareness for and adoption of Fortinet solutions. This is a recruiting coup that will provide Fortinet with an enormous competitive advantage." In addition to Stiennon's impressive career as a Gartner analyst, he's been a successful entrepreneur, most recently as founder and chief research analyst at IT-Harvest, Inc., where he set strategic direction and editorial coverage for the independent information technology research firm. Previously, he was vice president of threat research for Webroot Software, the leading commercial anti-spyware solution. Stiennon was a regular columnist for DarkReading, CIO Update and Network World Magazine, and a prolific author of insightful blogs addressing security issues at ZDNet. Stiennon received a bachelor of science degree in Aerospace Engineering from the University of Michigan and is the holder of several patents. "For the past six years, I've been touting the value of full content inspection gateway security devices and have sadly watched security vendor after security vendor fail to innovate and execute as the market, and their customers, required," said Stiennon. "Fortinet is the one company that from the start has heeded the call for firewalls to do more than just block ports. By joining a team that is already executing on my long-held vision, I have a hands-on opportunity to impact the progress of network security from the inside out."
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 Our IT team needs to support a number of small offices and people that regularly work from home. We were spending a significant amount of time troubleshooting problems for our teleworkers, and these problems often led to time consuming site visits. To reduce our support costs for teleworkers, we decided that we needed a smarter way of securing their access to our systems. |