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About Fortinet

Fortinet (NASDAQ: FTNT) is a worldwide provider of network security appliances and a market leader in unified threat management (UTM). 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 2011 Fortune Global 100. Fortinet is headquartered in Sunnyvale, Calif., with offices around the world.

Founded in 2000 by Ken Xie, the visionary founder and former president and CEO of NetScreen, Fortinet is led by a strong and seasoned management team with deep experience in networking and security. Fortinet's market position has been validated by widespread recognition by industry analysts, business organizations, and media.

Fortinet's flagship FortiGate security appliances deliver ASIC-accelerated performance and integrates multiple layers of security designed to help protect against application and network threats. Our broad product line of complementary solutions goes beyond UTM to help secure the extended enterprise - from endpoints, to the perimeter and the core, including databases and applications.
Fortinet's Yearly Revenue Growth

Fortinet generated $534m revenue and 23% year-over-year growth in 2012. The company is solidly profitable with more than $814M in cash, and has been cash flow positive for more than six years.

The Fortinet Advantage

Escalating Threat Landscape

Fortinet's flagship FortiGate庐 security platforms offer a powerful blend of ASIC-accelerated performance, integrated multi-threat response, and constantly-updated, in-depth threat intelligence. Employing innovative technologies for networking, security and content analysis, Fortinet systems integrate the industry's broadest suite of security technologies, including firewall, VPN, antivirus, intrusion prevention (IPS), application control, Web filtering, antispam, wireless controller, and WAN acceleration, all of which can be deployed individually to complement legacy solutions or combined for a comprehensive threat management solution. The company complements these solutions with an array of management, analysis, e-mail, database and end-point security products.

Fortinet鈥檚 Purpose-built Architecture Delivers Very High Throughput with Exceptionally Low Latency

A key differentiator, Fortinet's custom-built FortiASIC content and network processors enable FortiGate systems to detect and eliminate even complex, blended threats in real time without degrading network performance, while an extensive set of complementary management, analysis, database and endpoint protection solutions increases deployment flexibility, assists in compliance with industry and government regulations, and reduces the operational costs of security management.

Market Leadership Across the Board

IDC Worldwide UTM Market Share
Fortinet is the worldwide leading provider of UTM appliances, with a commanding 19% share of the UTM appliance market for Q1 2012, as determined by IDC庐. IDC stated the UTM market grew more than 17% in 2011 to $2.2 billion and estimates that by 2016 the UTM market will be more than $4.3B, demonstrating a compounded annual growth rate of CAGR of 14% from 2010. IDC also expects that UTM revenues will surpass those of traditional firewall revenues in 2012 and will account for more than 33% of network security revenue in 2014. Fortinet has demonstrated consistent growth, outpacing firewall, IPS, and other security markets.

To date, Fortinet has shipped more than 1,250,000 appliances to more than 160,000 customers worldwide, including:

  • 61 of the Global 100
  • 8 of the top 10 Fortune companies in Americas
  • 9 of the top 10 Fortune companies in EMEA
  • 9 of the top 10 Fortune companies in APAC
  • 7 of the top 10 Fortune telecommunications companies
  • 9 of the top 10 Fortune banking companies
  • 9 of the top 10 Fortune defense/aerospace companies

Company Recognitions Include:

  • Worldwide Leader in UTM (IDC; Frost & Sullivan)
  • Third Largest Network Security Vendor Worldwide (IDC)
  • Ranked Tier 1 Enterprise Security Vendor (Current Analysis)
  • Leader in Gartner UTM Magic Quadrant
  • Ranked "Top Player" in Email Security Appliance Quadrant
  • ISO 9001:2000 Certified for Quality Management Systems standard
  • Voted one of Best Places to Work in Silicon Valley

Global Presence

Fortinet is headquartered in Sunnyvale, California, with customer support, development and sales facilities throughout the world. Fortinet sells its system and subscription service products through a network of channel partners worldwide. To locate a Fortinet office in your region, view the complete list of our global locations, or contact us online for more information.

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Quick Facts

Year Founded


Stock Symbol


Fortinet IPO: Nov 2009


Sunnyvale, California

Number of Employees


Financial Highlights

FY12 Revenue: $534M

$841M cash and no debt

Q3-2013 Revenue: $155M


First Product Release

May 2002

Units Shipped to Date



170,000+ customers

Market Leadership

3rd Largest Network Security Appliance Vendor


149 patents issued

108 patents pending

Industry Accolades

200+ awards, including:

Security Product of the Year

Best Integrated Security Appliance

Best UTM

Best IPS solution

Top Mid-market Solution

2006 Technology Pioneer

5 ICSA security certifications

NSS certified (UTM)

ISO 9001 certified

Corporate and Securities Counsel

Fenwick & West LLP

Mountain View, California


Deloitte Touche Tohmatsu

San Jose, California