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.
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 $615m revenue and 15% year-over-year growth in 2013. The company is solidly profitable with more than $843M in cash, and is cash flow positive.
The Fortinet Advantage
Fortinet’s flagship FortiGate® 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.
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 ShareFortinet 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®. 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 1,300,000 appliances to more than 170,000 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