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Fortinet Maintains No. 1 Worldwide UTM Revenue Position According to Leading Market Research FirmCompany Continues to Gain Market Share in Enterprise UTM SegmentSUNNYVALE, Calif., June 13, 2007 - Fortinet® - a pioneer and leading provider of unified threat management (UTM) solutions - today announced that new IDC research data confirms that the company ranked No. 1 for worldwide UTM revenue for Q1 2007, ahead of Check Point, Cisco, Crossbeam, Juniper and SonicWall. Additionally, IDC data confirmed that Fortinet experienced significant quarter over quarter growth in both factory revenue and units shipped in a key enterprise UTM price band segment, further acquiring market share from its competitors. Data in IDC's Worldwide Quarterly Security Appliance Tracker, Q1 2007 indicated:
"The growing UTM market is being driven by the need for comprehensive security that can scale to accommodate a wide array of threats and can be cost-effectively managed and maintained," said Ken Xie, founder and CEO of Fortinet. "IDC's latest research confirms Fortinet's leading position in the worldwide UTM market as well as our growing foothold in the enterprise market - a result of the fact that enterprises and service providers of all sizes continue to recognize the benefits of our high-performance, scalable FortiGate multi-threat security systems." 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 takes UTM further through its family of award-winning FortiGate™ multi-threat security systems that integrate eight essential security applications and services - including firewall, antivirus, virtual private network (VPN), intrusion prevention (IPS), anti-spam, Web content filtering and traffic shaping - that can be deployed 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
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 Key to our selection of Fortinet was the truly integrated functionality of its FortiGate security appliances. In evaluating other solutions, we found that one product might have offered IPS but nothing much beyond that. Another offered a range of functions, but as a piecemeal solution from multiple vendor partners. We found that none matched the breadth of Fortinet's integrated platform. |