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Fortinet No. 1 in Worldwide UTM Revenue for 10 Consecutive Quarters According to Leading Market Research FirmCompany's Leadership Position in Overall Network Security Appliance Market Stays StrongSUNNYVALE, Calif. - Sept. 23, 2008 - Fortinet® - the pioneer and leading provider of unified threat management (UTM) solutions - today announced that new IDC research data confirms that the has maintained its No. 1 ranking in worldwide UTM factory revenue for Q2 2008. The company continues to fuel its rapid customer adoption with its new generation secure gateways tailored for large enterprises and MSSPs. For the 10 consecutive quarters, Fortinet continues to lead the UTM market ahead of Check Point, Cisco, Crossbeam, Juniper and SonicWALL. Data in the latest IDC Worldwide Quarterly Security Appliance Tracker, September 2008 confirmed:
"IDC's latest research supports that increased enterprise core and branch deployments of Fortinet's new generation secure gateways are helping us to successfully further penetrate this market," said Ken Xie, president, founder and CEO of Fortinet. "Also, Fortinet's strong position within the overall network security appliance space also indicates rapid adoption of our appliances, which have become the backbone of many enterprise, MSSP and carrier security solutions." According to IDC, UTM security appliance products include multiple security features integrated into one device. To be included in this category, as opposed to other Threat Management appliance segments, UTM appliances must contain the ability to perform network firewalling, network intrusion detection and prevention, and gateway antivirus. All of the capabilities need not be utilized, but the functions must exist inherently in the appliance. In addition to the mandatory applications, UTM appliances may also host other security or networking features. Delivered via its flagship family of FortiGate™ appliances, Fortinet provides a flexible platform that enables enterprises and service providers of all sizes to consolidate critical security technology and services to maximize network protection and reduce total cost of ownership. These ASIC-accelerated security appliances integrate essential security applications and services, including anti-virus, firewall, VPN, intrusion prevention, Web filtering, anti-spam and traffic shaping. All FortiGate systems are kept up to date by Fortinet's FortiGuard™ Network, which provides regular updates that help ensure protection against the most damaging, content-based threats from email and Web traffic such as viruses, worms, intrusions, other unwanted network traffic - around the clock and around the world. FortiGate appliances are complemented by an array of messaging, management and analysis systems and end-point security solutions. For more information on Fortinet products, please visit: http://www.fortinet.com/products.
About Fortinet (www.fortinet.com)
Copyright © 2008 Fortinet, Inc. All rights reserved. The symbols ® and ™ denote respectively federally registered trademarks and unregistered trademarks of Fortinet, Inc., its subsidiaries and affiliates, including, but not limited to, the following trademarks: Fortinet, FortiGate, FortiGuard, FortiManager, FortiMail, FortiClient, FortiCare, FortiAnalyzer, FortiReporter, FortiOS, FortiASIC, FortiWiFi, FortiSwitch, FortiVoIP, FortiBIOS, FortiLog, FortiResponse, FortiDB, APSecure, and ABACAS. Other trademarks belong to their respective owners.
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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 Managing multiple restaurant locations nationwide, it was very important for us to select a network security solution that was cost-effective, easy to use and offered central management while ensuring Federal compliance regulations. The FortiGate product line is allowing us to offer enterprise-level network security to our restaurants as well as complying with government regulations such as PCI mandates. |