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Top Research Firm Recognizes Fortinet with Global UTM Market Leadership AwardFrost & Sullivan's World UTM Report also Recommends UTM as a Preferred Enterprise and Data Center Security SolutionSUNNYVALE, Calif. - Dec. 8, 2008 - Fortinet® - the pioneer and leading provider of unified threat management (UTM) solutions - today announced that Frost & Sullivan has bestowed on the company the "2008 Global Market Leadership Award for UTM" for its growth, innovation and market strategy. The award is based on extensive research conducted by the global market research and consulting firm, which evaluated Fortinet against several UTM vendors, including Check Point, Cisco and Juniper. This award supports data from other research firms that confirm Fortinet's UTM market leadership, and further validates the company's integrated network security approach as a preferred solution for enterprises and data centers worldwide. The Frost & Sullivan Award for Market Leadership was given to Fortinet for exhibiting market share leadership through the implementation of its market strategy. As stated in the corresponding award report, "Fortinet has displayed excellence in all areas of the market leadership process, including the identification of market challenges, drivers and restraints, as well as strategy development and methods of addressing these market dynamics." In recognizing Fortinet's leadership, Frost & Sullivan highlighted the following specific contributors:
"Frost & Sullivan is proud to present the 2008 Award for Market Leadership in Unified Threat Management (UTM) solutions market to Fortinet for their continued leadership through innovative technology," said Terrence Brewton, research analyst for Frost & Sullivan. "Fortinet's UTM appliances were built from the ground up, incorporate proprietary ASICs, and use a common operating system to meet the growing threat of blended based attacks head-on, while also addressing the performance and scalability needs of enterprises of all sizes. For these reasons and more, Fortinet is our top pick for this prestigious and competitive award category."
Leadership in a Booming Market In the report, Frost & Sullivan recommends UTM as a viable solution for enterprises and large-scale data centers, as the technology incorporates the same high-speed processing and throughput found in stand-alone enterprise-class appliances, yet also provides the ability to protect networks against blended threats - something that standalone solutions cannot do. The firm's survey of business managers and administrators showed that these users believe UTM appliances are especially viable for the enterprise due to their low latency and ability to meet high throughput requirements needed to support large businesses with 500 or more users and for large-scale data centers. The FortiGate® line of new generation secure gateways is a consolidated approach that integrates eight core security functions, including firewall, antivirus, intrusion prevention (IPS), VPN, spyware prevention, antispam, Web content filtering and traffic shaping. Customers can choose to purchase FortiGate appliances for some or all of these functionalities. "Frost & Sullivan's perspective on the UTM market mirrors what Fortinet's vision and growing customer adoption have confirmed - that enterprises of all sizes can benefit from consolidated, centrally managed network security solutions," said Ken Xie, founder, president and CEO of Fortinet. "Enterprises are no longer staking their data - and the security of their businesses - on firewall solutions alone. They are requiring the scalability and flexibility found only within a more comprehensive security solution."
About Frost & Sullivan
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. 1 Non-GAAP operating profitability is calculated by adding back non-cash based stock compensation to the GAAP operating profit/(loss).
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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 Fortinet's consolidated approach to network security allows us to have a lower total cost of ownership; if we want more functionality we turn it on and we don't have to buy another appliance. |