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Fortinet ranked #37 of 500 fastest growing companies in North America on Deloitte's 2006 Technology Fast 500

  • 20 October, 2006 13:53

<p>Attributes its 7,764 per cent revenue growth to strong customer adoption of company's innovative, market-leading multi-threat security solutions</p>
<p>SYDNEY, Oct. 20, 2006 - Fortinet - the pioneer and leading provider of multi-threat security solutions, - today announced that it ranked Number 37 on Deloitte's 2006 Technology Fast 500, a ranking of the 500 fastest growing technology, media, telecommunications and life sciences companies in North America. Rankings are based on percentage revenue growth over five years, from 2001-2005. Fortinet grew 7,764 percent during this period.</p>
<p>"Deloitte's Technology Fast 500 companies have shown the strength, vision and tenacity to succeed in today's very competitive technology environment," said Tony Kern, deputy managing principle of Deloitte's Technology, Media &amp; Telecommunications industry practice. "We applaud the successes of Fortinet and acknowledge it as one of the very few to accomplish such a fast growth rate over the past five years."</p>
<p>"With a vision of solving the perplexing challenges of defending against network and content threats, Fortinet introduced the industry's first integrated multi-threat security appliances in 2002," said Ken Xie, Fortinet founder, president and CEO. "Strong customer adoption of our FortiGate systems has led to our phenomenal growth, global leadership of the unified threat management (UTM) market, and shipment of more than 160,000 systems worldwide. We are honored to be part of the prestigious Deloitte Technology Fast 500."</p>
<p>"Incidents of malware and other threats are continuing to escalate and only a few vendors are proving themselves capable enough to stop them," said Michael Xie, Fortinet founder, CTO and vice president of engineering. "The Virus Bulletin 100% award is one such metric and holds winning companies to uncompromising standards. We are pleased to accept this designation for the fourth consecutive time."</p>
<p>Fast 500 Selection and Qualifying Criteria
The Fast 500 ranks the fastest growing technology, media, telecommunications and life sciences companies in North America. It is compiled from Deloitte's 16 regional North American Fast 50 programs, nominations submitted directly to the Fast 500, and public company database research. Companies are selected based on percentage revenue growth from 2001 to 2005.</p>
<p>Entrants must own proprietary intellectual property or proprietary technology that contributes to a significant portion of the company's operating revenues or devote a significant proportion of revenues to research and development of technology. Using other companies' technology or intellectual property in a unique way does not qualify. Base-year operating revenues must be at least $50,000 USD or $75,000 CD, and current-year operating revenues must be at least $5 million USD or CD. Companies must be in business a minimum of five years, and they must be headquartered within North America.</p>
<p>About Fortinet (www.fortinet.com)
Fortinet is the pioneer and leading provider of ASIC-accelerated multi-threat security systems, which are used by enterprises and service providers to increase their security while reducing total operating costs. Fortinet solutions were built from the ground up to integrate multiple levels of security protection--including firewall, antivirus, intrusion prevention, Web content filtering, VPN, spyware prevention and antispam--providing customers a way to protect multiple threats as well as blended threats. Leveraging a custom ASIC and unified interface, Fortinet solutions offer advanced security functionality that scales from remote office to chassis-based solutions with integrated management and reporting. Fortinet solutions have won multiple awards around the world and are the only security products that are certified eight times over by the ICSA (firewall, antivirus, IPSec, SSL, IDS, client antivirus detection, cleaning and antispyware). Fortinet is privately held and based in Sunnyvale, California.</p>
<p>Contact</p>
<p>Yvonne Cheong, Fortinet
Tel: +65-6838 5226
Email: ycheong@fortinet.com</p>

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