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Free White Paper: Next Generation Security for Enterprise Networks
SUNNYVALE, Calif., May 22, 2006- Fortinet - the pioneer and leading provider of multi-threat security solutions- today announced it has completed an acquisition of all pending patents and related intellectual property (IP) assets of CoSine Communications, Inc., (Other OTC:COSN.PK). In connection with the sale, CoSine retained a limited right to continue using the transferred IP to support its existing customers.
The acquisition significantly strengthens Fortinet's IP and patent portfolio and provides the company with key innovations that will allow it to better address the carrier/service provider market. Terms of the transaction are confidential.
CoSine was a leading provider of a widely-adopted Internet Protocol (IP) Service Delivery Platform that enabled telecommunication carriers and network service providers to rapidly deliver a an array of secure services simultaneously to thousands of subscribers from within a service provider's network, including managed firewall, VPN and security broadband access. Products offered by CoSine included the IPSX switch, InVision service management system and InGage customer network management software.
The acquired IP portfolio covers a diverse set of technologies and key applications pertaining to methods for delivering security services through hardware than software platforms, managing subscriber profiles, and router virtualization and management.
"CoSine was an early innovator in the networking and security arena - revolutionizing the way security was deployed, delivered and managed on a massive scale. They were active in seeking patent protection for their key technological achievements and their IP portfolio reflects this diligence," said Ken Xie, Fortinet's founder, president and CEO. "We're excited to have acquired these assets and believe they will play an important role in Fortinet's growth in the high-end segment - particularly the carrier and service provider market."
About Fortinet (www.fortinet.com)
Fortinet is the confirmed leader of Unified Threat Management market. The company's award-winning FortiGate™ series of ASIC-accelerated multi-threat security systems, winner of the 2004 Security Product of the Year Award from Network Computing Magazine and the 2003 Networking Industry Awards Firewall Product of the Year, are the new generation of real-time network protection systems. They detect and eliminate the most damaging, content-based threats from e-mail and Web traffic such as viruses, worms, intrusions, inappropriate Web content and more in real time - without degrading network performance. Fortinet's solutions are the only security products that are certified seven times over by the ICSA (firewall, antivirus, IPSec, SSL, IDS, client antivirus detection and cleaning), and deliver a full range of network-level and application-level services in integrated, easily managed platforms. Named a Light Reading Top 10 Private Company and #4 on Silicon Valley/San Jose Business Journal's "Fast 50" list, Fortinet is privately held and based in Sunnyvale, California.
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The interoperability between Exaprotect and Fortinet's unified security solutions gives enterprises greater choice, enabling them to simplify and streamline their entire approach to network security. With Fortinet's best-of-breed solutions and the Exaprotect Solsoft Policy Server's policy and role-based management capabilities, organizations will dramatically improve their operational efficiency, dramatically reduce the response time to threats and meet compliance.