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Fortinet Files for Initial Public OfferingSUNNYVALE, Calif. - Aug 10, 2009 - Fortinet, Inc., a provider of network security appliances and unified threat management (UTM) solutions, today announced that it has filed a registration statement on Form S-1 with the Securities and Exchange Commission relating to a proposed initial public offering of its common stock. The shares in the offering will be offered by Fortinet and certain selling stockholders. The number of shares to be offered and the price range for the offering have not been determined. Morgan Stanley & Co. Incorporated, J.P. Morgan Securities Inc., and Deutsche Bank Securities Inc. are acting as joint book-runners for the offering. Robert W. Baird & Co. Incorporated, RBC Capital Markets Corporation, ThinkEquity LLC, JMP Securities LLC, and Signal Hill Capital Group LLC are acting as co-managers. Copies of the preliminary prospectus for the offering, when available, may be obtained from any of Morgan Stanley & Co. Incorporated, Attention: Prospectus Department, 180 Varick Street, New York, NY 10014, or by e-mail: prospectus@morganstanley.com; J.P. Morgan Securities Inc., 4 Chase Metrotech Center, CS Level, Brooklyn, NY, 11245, Telephone: (718) 242-8002; and Deutsche Bank Securities Inc., 100 Plaza One, Jersey City, New Jersey 07311, Telephone: (800) 503-4611. A registration statement relating to these securities has been filed with the Securities and Exchange Commission but has not yet become effective. These securities may not be sold nor may offers to buy be accepted prior to the time the registration statement becomes effective. This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. Fortinet is a worldwide provider of network security and unified threat management (UTM) solutions. Our products and subscription services provide broad, integrated and high-performance protection against dynamic security threats while simplifying the IT security infrastructure. Our customers include enterprises, service providers and government entities worldwide, including the majority of the 2009 Fortune Global 100. Fortinet is headquartered in Sunnyvale, Calif., with offices around the world. 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, FortiCarrier, FortiScan, FortiDB and FortiWeb. Other trademarks belong to their respective owners. Fortinet has not independently verified statements or certifications herein attributed to third parties.
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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. |