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Fortinet Continues to Lead in Worldwide UTM Factory Revenue According to Leading Market Research FirmCompany Also Ranked as one of the Three Largest Network Security Appliance VendorsSUNNYVALE, Calif., Sept 17, 2007 - Fortinet® - a pioneer and leading provider of unified threat management (UTM) solutions - today announced that new IDC research data confirms that for the third consecutive quarter, the company ranked No. 1 in worldwide UTM factory revenue for Q2 2007, ahead of Check Point, Cisco, Crossbeam, Juniper and SonicWall. According to this data, Fortinet ranks No. 3 among the top five largest security appliance vendors worldwide for the quarter and is the fastest growing of these vendors year over year from Q2 2006, based on factory revenue. Additionally, IDC data confirmed that Fortinet experienced significant growth in both factory revenue and units shipped in a high-end UTM price band segment which typically represents sales to large enterprises and service providers. Data in IDC's Worldwide Quarterly Security Appliance Tracker, Q2 2007 confirmed:
"As network threats continue to propagate, the need for a manageable, unified security front becomes even more of an imperative for large enterprises, MSSPs and telecommunications carriers," said Ken Xie, founder and CEO of Fortinet. "IDC's latest research confirms that all-sized organizations worldwide continue to adopt Fortinet's multi-threat security solutions to provide a truly integrated defense." 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 As mobile services get more sophisticated with the offer of a wide array of multimedia content such as movies and games, our networks get more exposed to viruses and other harmful attacks. Fortinet's carrier-class security platforms provide us with the high performance and scalability we need in terms of quantity of messages we can filter. Also, Fortinet's model of a per-system licensing was very attractive and allowed us to realize a ROI in only five months compared to the cost of our previous solution, which was based on a per-seat license. |