Fortinet No. 1 in Worldwide UTM Revenue for 10 Consecutive Quarters According to Leading Market Research Firm

Company's Leadership Position in Overall Network Security Appliance Market Stays Strong

SUNNYVALE, 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:

  • Fortinet is the overall leader in UTM factory revenue for Q2 2008, ahead of Check Point, Cisco, Crossbeam, Juniper and SonicWALL
  • Fortinet is the No. 1 vendor in the high-end UTM ($50K-$99.9K) price band for both factory revenue and units shipped
  • Fortinet is the No. 1 vendor in the enterprise UTM (25K-$49.9K) price band segments for both factory revenue and units shipped
  • Fortinet is the overall leader in UTM factory revenue for Western Europe and Asia Pacific for Q2 2008

"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)
Fortinet is the pioneer and leading provider of ASIC-accelerated unified threat management, or UTM, security systems, which are used by enterprises and service providers to increase their security while reducing total operating costs. Fortinet solutions were built from the ground up to integrate multiple levels of security protection--including firewall, antivirus, intrusion prevention, VPN, spyware prevention and antispam -- designed to help customers protect against network and content level threats. Leveraging a custom ASIC and unified interface, Fortinet solutions offer advanced security functionality that scales from remote office to chassis-based solutions with integrated management and reporting. Fortinet solutions have won multiple awards around the world and are the only security products that are certified in six programs by ICSA Labs: Firewall, Antivirus, IPSec VPN, SSL VPN, Network IPS, and Antispam. Fortinet is privately held and based in Sunnyvale, California.

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.

 




QUICK FACTS
Year Founded
2000
Stock Symbol
NASDAQ: FTNT
Headquarters
Sunnyvale, California
Number of Employees
1,200+
Financial Highlights
FY09 Revenue: $252M
$260M+ cash and no debt
Profitable
First Product Release
May 2002
Units Shipped to Date
500,000+
Customers
75,000+ customers
Market Leadership
Top 4 Largest Network Security Appliance Vendor
Patents
40 patents
100+ 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 Sonsini
Goodrich & Rosati
Palo Alto, California
Auditors
Deloitte Touche Tohmatsu
San 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.

Greg May, Chief Technology Officer
Paradigm