Fortinet Named a Top Ten Private Company by Light Reading

Fortinet Named a Top Ten Private Company by Light Reading

Fortinet Recognized for Financial Stability, Experienced Management Team, Innovative Security Technology and Growing Customer Base

SUNNYVALE, Calif., Feb. 8 /PRNewswire/ -- Fortinet -- the confirmed market leader in Unified Threat Management and only provider of ASIC-accelerated, network-based antivirus firewall systems for real-time network protection -- today announced the company has been named a Top Ten Private Company by Light Reading, an online news and research site covering the networking and telecommunications industries. For its Top Ten Private Company list, Light Reading selects private companies that excel in the areas of financial stability, management experience, market leading technology and customer growth.

Fortinet's recognition in Light Reading's Top Ten Private Company list highlights Fortinet's strength in four key areas:

-- Financial Stability -- Fortinet grew its 2004 revenues more than 100 percent year-over-year and has raised significant capital to continue aggressive growth -- closing a $50 million mezzanine financing in March 2004 on top of a $30 million financing in August 2003 for a total of $93 million of venture capital funding since the company was founded in 2000.

-- Management Experience -- Fortinet has a strong and seasoned management team, led by the Founder and former CEO of NetScreen Ken Xie and the former CFO of Adobe Hal Covert. The senior management team at Fortinet also includes veterans of rapidly growing businesses including Cisco Systems, Juniper Networks, Check Point, 3Com, Solectron, Apple and Broadcom.

-- Products -- More than 80,000 Fortinet FortiGate(TM) systems have shipped to customers worldwide, demonstrating the significant and growing momentum for the company's ASIC-accelerated network security platforms. Fortinet also recently announced the FortiGate-5000 family, a network security platform for large enterprises, telecommunication carriers and managed security service providers (MSSPs).

-- Customers -- Fortinet has thousands of customers worldwide, from small offices, to all-sized enterprises, carriers and MSSPs.

"We are pleased that Light Reading has recognized Fortinet as a Top Ten Private Company based on our track record of successful business execution in the network security industry," said Ken Xie, founder, president and CEO of Fortinet. "This nomination is a testament to Fortinet's business growth, security product innovation and the strong momentum that Fortinet's products have garnered amongst our thousands of network security customers worldwide."

Light Reading's Top Ten Private Company article can be viewed at: http://www.lightreading.com/document.asp?doc_id=67005

A new Fortinet profile on Light Reading can be viewed at: http://www.lightreading.com/document.asp?doc_id=67167

About Fortinet (www.fortinet.com)

Fortinet is the confirmed leader of the Unified Threat Management market. The company's award-winning FortiGate(TM) series of ASIC-accelerated antivirus firewalls, winner of the 2004 Security Product of the Year Award from Network Computing Magazine and the 2003 Networking Industry Awards Firewall Product of the Year, are the new generation of real-time network protection systems. They detect and eliminate the most damaging, content-based threats from e-mail and Web traffic such as viruses, worms, intrusions, inappropriate Web content and more in real time -- without degrading network performance. FortiGate systems are the only security products that are quadruple-certified by the ICSA (antivirus, firewall, IPSec, NIDS), and deliver a full range of network-level and application-level services in integrated, easily managed platforms. Named to the Red Herring Top 100 Private Companies, Fortinet is privately held and based in Sunnyvale, California.


Source: Fortinet, Inc.

CONTACT: Kelly LeBlanc, +1-408-486-7876, or kleblanc@fortinet.com, or
Michelle Spolver, +1-408-486-7837, or mspolver@fortinet.com, both of Fortinet,
Inc.

Web site: http://www.fortinet.com/


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