Fortinet Maintains Market Lead in Worldwide UTM Revenue According to Leading Research Firm

Company also leads in high end and enterprise price bands

SUNNYVALE, Calif. - June 23, 2009 - Fortinet® - a market-leading network security provider and worldwide leader of unified threat management (UTM) solutions– today announced that new IDC research data confirms that the company has again ranked No. 1 in worldwide UTM factory revenue for Q1 2009, fueled by continued adoption of its FortiGate™ network security appliances by all-sized enterprises, managed security service providers (MSSPs), and telecommunication carriers. This marks the 13th consecutive quarter Fortinet has garnered this coveted market leadership position. This data makes Fortinet the global factory revenue leader for 13 consecutive quarters.

Data in the latest IDC Worldwide Quarterly Security Appliance Tracker, June 2009, indicated:

  • Fortinet is the overall leader in UTM factory revenue for all of Q1 2009
  • Fortinet is the No. 1 vendor in the high-end ($50K-$99.9K) price band for both factory revenue and units shipped
  • Fortinet is the No. 1 vendor in one enterprise UTM price band segment ($10K-$24.9K) for both factory revenue and units shipped
  • Fortinet is the No. 1 vendor in the $1K-$2.9K enterprise branch UTM price band segment for both factory revenue and units shipped
  • Fortinet is the overall leader in UTM factory revenue for Western Europe and Asia Pacific

“Fortinet’s latest FortiGate firmware, FortiOS 4.0, with newly-added features such as application control, WAN optimization, data leakage prevention and SSL inspection – raised the competitive bar and has been met with enthusiasm and adoption from our customers across all segments, fueling further demand for our industry-leading FortiGate appliances,” said Ken Xie, founder, president and CEO of Fortinet. “As evidenced by IDC's latest numbers, Fortinet maintains its position at the leading edge of network security industry and is continuing to meet the needs of its rapidly growing global customer base.”

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® security 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 antivirus, firewall, VPN, intrusion prevention, Web filtering, anti-spam, WAN optimization, and data leakage prevention (DLP). 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)
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 © 2009 Fortinet, Inc. All rights reserved. The symbols ® and ™ denote respectively federally registered trademarks and unregistered trademarks of Fortinet, Inc., its subsidiaries and affiliates. Fortinet’s trademarks include, but are not limited to, the following: Fortinet, FortiGate, FortiGuard, FortiManager, FortiMail, FortiClient, FortiCare, FortiAnalyzer, FortiReporter, FortiOS, FortiASIC, FortiWiFi, FortiSwitch, FortiVoIP, FortiBIOS, FortiLog, FortiResponse, FortiDB and FortiWeb. Other trademarks belong to their respective owners. Fortinet has not independently verified statements herein attributed to third parties and Fortinet does not separately endorse any such statements.

 




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



We are pleased to be able to find a network security vendor who is able to provide us the desired security solution that is scalable and easy to manage while supporting up to 10,000 remote users. The FortiGate-310B's robust performance, network segmentation capabilities and high port density make it a very compelling and highly competitive buy. Fortinet's FortiGate platform is highly scalable to accommodate our future business growth plans.

Net Abangan, Chief Technology Officer
HRMall, Inc.