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Fortinet Celebrates 10 Years of Innovation and Leadership in Security
Posted: Wed Nov 17, 2010 10:36:41 AM
 
Success Includes Fastest Growing Top 10 Network Security Appliance Company of the Decade

November 15, 2010 - Fortinet® - a leading network security provider and the worldwide leader of unified threat management (UTM) solutions – today announced its ten year company anniversary – marking a celebration of a decade of innovation and leadership in the computer security industry.

In October 2000, driven to solve the next-generation of network security threats, Ken and Michael Xie started Fortinet with a dozen sharp engineers. They worked around the clock to architect and build the world’s only ASIC-accelerated network-based multi-threat security systems, introducing the first FortiGate® systems in May 2002. Today, enterprises of all sizes, in all sectors and geographies rely on Fortinet’s award-winning security systems to provide complete content protection against all types of threats. Fortinet has also expanded its product line and has grown to be a full end-to-end security provider, with solutions for web application firewall, messaging security, database security, endpoint security and vulnerability management.

The company’s strong technology expertise has helped it to secure and maintain worldwide UTM market leadership for more than six years, according to IDC. The company also holds leading positions in UTM market reports from Gartner and Frost & Sullivan. For its innovation, Fortinet has been awarded more than 60 patents, with over 120 patents pending, has more product certifications than any other security appliance company, and has earned more than 100 product awards from Information Security Magazine, SC Magazine and NetworkWorld.

Customer adoption is yet another proof point to Fortinet’s successful innovation. The company has shipped more than 600,000 systems to more than 100,000 customers worldwide, including the majority of the 2010 Fortune Global 500. Fortinet customers are comprised of telecommunications carriers, U.S. Federal government agencies, managed security services providers (MSSPs) and enterprises of all sizes, many of which are focused on financial services, healthcare, retail and Federal markets.

This success with these customers has earned Fortinet an impressive growth rate since shipping its first product in 2002, and led to the company’s eventual Initial Public Offering (IPO) in November 2009. The recent Q3 2010 marked the fourth consecutive quarter since last year’s IPO that Fortinet exceeded its financial targets in terms of billings, which grew 33% year over year, and revenue, which grew 29% year over year, as well as profitability. Much of this is attributed to growing a high-caliber team of talented people, surpassing 1,300 employees in 23 offices across the globe.

"Fortinet was founded to execute the vision for integrated network and content/application security that could keep up with Internet changes and threats without crippling network performance or administrative resources," said Ken Xie, founder, president and CEO of Fortinet. "Execution on this vision has helped to protect more than 100,000 Fortinet customers around the world, including the majority of the Global Fortune 100, and has driven the widespread adoption of the UTM market, which gave birth to the new generation of network protection."

 
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