Fortinet
 |
|
| Public | |
| Traded as |
NASDAQ: FTNT S&P 400 Component |
| Industry | Network security & Computer security |
| Founded | 2000 |
| Founder | CEO: Ken Xie CTO: Michael Xie |
| Headquarters | Sunnyvale, California, United States |
| Products | FortiGate UTM, Next Generation Firewall, Firewalls, Antivirus programs, Intrusion-prevention system, Antispyware, Antispam, VPN, Wireless security, Application Control, Web Filtering |
| Revenue | US $1.28 billion (2016) |
| US $42.9 million (2016) | |
| US $32.2 million (2016) | |
| Total assets | US $2.14 billion (2016) |
| Total equity | US $837.68 million (2016) |
|
Number of employees
|
4,665 |
| Website | www |
Fortinet is an American multinational corporation headquartered in Sunnyvale, California. It develops and markets cybersecurity software, appliances and services, such as firewalls, anti-virus, intrusion prevention and endpoint security, among others. It is the fourth-largest network security company by revenue.
Fortinet was founded in 2000 by brothers Ken and Michael Xie. It raised about $93 million in funding by 2004 and introduced ten FortiGate appliances. That same year was the beginning of a recurring patent dispute between Fortinet and Trend Micro. The company went public in 2009, raising $156 million through an initial public offering. Throughout the 2000s, Fortinet diversified its product lines, adding products for wireless access points, sandboxing, and messaging security, among others.
Fortinet was founded in Sunnyvale, California in 2000 by brothers Ken and Michael Xie. The founders had previously served in executive positions at NetScreen and ServGate respectively. The company was initially named Appligation Inc., then renamed to Appsecure in December 2000 and later renamed to Fortinet, based on the phrase "Fortified Networks." It spent two years in research and development, before introducing its first product in 2002.
Fortinet raised $13 million in private funding from 2000 to early 2003. An additional $30 million in financing was raised in August 2003, followed by $50 million in March 2004, reaching a total of $93 million in funding. According to Fortinet, its revenues grew ten-fold from 2002 to 2003. Its first channel program was established in October 2003. Westcon Canada started distributing FortiGate products in Canada in December 2003, which was followed by Norwood Adam in the UK in February 2004. The reseller program was re-organized in January 2006 and named "SOC in a BOX". By 2004 Fortinet had offices in Asia, Europe and North America.
In October 2005, a study by OpenNet found that Fortinet's appliances were being used for internet censorship in Myanmar. Fortinet said its products are sold by third party resellers and it respects US embargoes, however photographs were found of a Fortinet salesperson with Burma's Prime Minister.
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Wikipedia