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Fortinet Again Ranked No. 1 in Worldwide UTM Market by Leading Research FirmCompany maintains lead in key enterprise UTM price bandSUNNYVALE, Calif., Jan. 7, 2009 - Fortinet® - the pioneer and leading provider of unified threat management (UTM) solutions - today announced that new IDC research data confirms that the company has maintained its No. 1 ranking in worldwide UTM factory revenue for Q3 2008. Based on strong sales and increased enterprise adoption of the company's new generation secure gateways, Fortinet continues to lead the UTM market ahead of Check Point, Cisco, Crossbeam, Juniper, SonicWALL and others. Data in the latest IDC Worldwide Quarterly Security Appliance Tracker, December 2008 confirmed:
"Current economic conditions are forcing companies to more closely analyze the value and ROI of every expenditure, and leading more and more to realize the significant cost, security and scalability benefits that can be achieved from the integrated, unified approach that Fortinet helped pioneer," said Ken Xie, president, founder and CEO of Fortinet. "We are very pleased to have yet again earned - and further proven - our UTM market leadership, validating that enterprises are turning to Fortinet more than any other UTM vendor for their multiple security requirements." 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® new generation security gateways, 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 antivirus, 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: 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 Two factors made it a clear decision for us to partner with Fortinet. The company has developed a strong reputation and market leadership for its security platform and breadth of products that can meet the varied needs of enterprises, service providers and carriers. This, together with our proven track record of providing high quality, cost-effective network services means the partnership is good for both companies and our clients across the globe. |