Fortinet Invests in Enterprise Identity and Access Management Provider Centrify
SUNNYVALE, Calif., May 20 2014 - Fortinet® (NASDAQ: FTNT), a world leader in high-performance network security, today announced it has invested in Centrify, a leader in unified identity management across data center, cloud and mobile environments. The companies have also initiated an alliance whereby Fortinet and Centrify can leverage synergies between their technologies.
Other strategic investors include Samsung Ventures and NTT Docomo Capital, and other Centrify strategic alliance partners include the KNOX Business Group of Samsung Electronics, whereby Centrify identity management software is to be integrated into Samsung mobile devices.
“Given the dynamic IT threat landscape, Fortinet continues to focus on securing enterprise customers in multiple creative ways, and, consistent with that focus, we are proud to partner with Centrify,” said Michael Xie, founder, president and CTO of Fortinet. “Centrify has an innovative approach to enterprise identity management, and, as enterprise customers continue to migrate to cloud-based IT services and applications, the combination of our complementary platforms provides enterprise customers with a broad and powerful solution that is unique in the market today.”
Centrify offers secure single sign-on for cloud and mobile applications, as well as management of a broad variety of mobile devices, enabling enterprises to uniformly and efficiently manage identity and access policies for cloud and mobile resources. Centrify is currently used by more than 5,000 customers worldwide, including approximately half of the Fortune 50 and more than 60 Federal government agencies.
“Centrify and Fortinet are joining forces to bring together the absolute best in unified identity services and enterprise security,” said Tom Kemp, Centrify CEO and founder. “We look forward to working closely with the Fortinet team to drive innovation and address new and always-evolving challenges in today’s complex hybrid IT environment. By combining Centrify’s ability to secure and manage endpoints with Fortinet’s expertise in IT security, we’re ensuring customers are covered by the very best technology solutions available today, and well prepared for the future.”
About Fortinet Products
Fortinet network security appliances and subscription services provide broad, integrated and high-performance protection against dynamic security threats while simplifying the IT security infrastructure. The company’s customers include enterprises, service providers and government entities worldwide. Fortinet's flagship FortiGate platform delivers ASIC-accelerated performance and integrates multiple layers of security designed to help protect against application and network threats.
To further secure wireless LANs, Fortinet offers a comprehensive, flexible end-to-end solution that incorporates wireless and wired access, security, authentication, switching and management, in an easily managed system that allows system-wide policy enforcement. With it, administrators gain a broad, unified solution that provides unmatched protection, superior TCO and granular control through user authentication and device visibility across the entire network. Fortinet’s secure WLAN solution uniquely integrates security into the fabric of the network to help organizations effectively address enterprise mobility. With it, Fortinet offers the one of the broadest solutions on the market for consistently protecting the enterprise wired and wireless networks.
Fortinet made a minority investment in Centrify’s Series E Preferred Stock round of financing. The specific details of the investment and alliance were not disclosed. Last year Fortinet invested in and partnered with HyTrust, Inc., a cloud security automation company with virtual appliances for cloud control, visibility, data security, management and compliance within virtualization and cloud environments. For more information, please visit http://www.fortinet.com/press_releases/2013/fortinet-invests-and-partner....
Fortinet (NASDAQ: FTNT) helps protect networks, users and data from continually evolving threats. As a global leader in high-performance network security, we enable enterprises and governments to consolidate and integrate stand-alone technologies without suffering performance penalties. Unlike costly, less effective and lower-performance alternatives, Fortinet solutions empower customers to embrace new technologies and business opportunities while protecting essential systems and content. Learn more at www.fortinet.com.
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