Fortinet

Fortinet is an American company that provides information security systems. The head office of the company is located in Sunnyvale, California, USA, and numerous branches and representative offices are represented in North America, Europe and Asia. Fortinet sells its security and service subscriptions through a network of partner channels worldwide.

As of June 2016, according to Fortinet, the company provides protection to more than 270,000 customers worldwide.

Performance indicators

2021: Total revenue growth 29% to $3.34 billion

Fortinet, a global provider of global integrated and automated collateral solutions, cyber security shared TAdviser financial its 2021 results on February 10, 2022.

The company's total revenue at the end of 2021 amounted to $3.34 billion, an increase of 29% compared to the same indicator in 2020.

Revenue from grocery sales increased by 37% over the year to $1.26 billion. Revenue for services increased by 24% to $2.09 billion.

The volume of orders (billings) increased by 35% compared to the same indicator in 2020 and amounted to $4.18 million. In turn, the volume of orders (bookings) increased over the year by 40% to $4.33 billion.

Deferred revenue reached $3.45 billion, an increase of 33% compared to the same indicator in 2020. Operating margin for GAAP was 19.5%, non-accepted (non-GAAP) operating margin was 26.2%.

Operating cash flow amounted to $1.50 billion. The cash paid for the share buyback amounted to $741.8 million. Free cash flow reached $1.20 billion.

"In 2021, income growth accelerated by 29%, after three years in a row with income growth of 20% or more. Cash flow from operations amounted to $1.5 billion, and free cash flow - a record $1.2 billion per year, - commented on the results of the year Ken Xie, founder, chairman of the board of directors and CEO of the company.

According to him, Fortinet's performance in 2021 was due to the growing demand for the company's cybersecurity solutions and the exceptional work of global operating and sales departments, as well as the support of sales partners and distributors. Fortinet's integrated and unified platform approach to security resonates with customers who want to protect their corporate networks from a wide range of attack vectors.

Given our robust order book and strong business momentum, we expect a few more years of solid growth as Fortinet is well positioned to address challenges in a market that is worth US $174 billion, "Ken Ksi added.

Business in Russia

2022: Suspension of activities in Russia

On March 8, 2022, Fortinet announced the suspension of activities in Russia, joining a number of other technology companies that stopped their business operations in the Russian market after the start of the special operation of the Russian Federation in Ukraine.

Like many in the world, we are watching with great anxiety what is happening in Ukraine, so we are forced to take action. We regret the impact this will have on our employees, partners and customers, "said Fortinet Chairman and CEO Ken Xie.

In Russia, Fortinet stopped the sale of products, as well as the provision of support for already used technologies and the provision of professional services. The company promises to continue to "follow all safety protocols, as well as American and other government regulations and recommendations."

Against the background of how events continue to unfold in Ukraine and other regions affected by this, the safety of our employees, customers and partners in the region and around the world remains a top priority. Fortinet is committed to supporting our team members and customers in Ukraine. We will also continue to support our employees in Russia who were unwittingly influenced by the situation, the company said in a statement.

Fortinet also launched an in-house donation collection program to support affected employees in Ukraine, according to a press release released March 8, 2022. In addition, the company promised to provide support to the authorities of different countries to protect against cyber attacks. In particular, the manufacturer for these purposes is ready to provide its technological solutions and information about cyber threats from FortiGuard laboratories and the partner ecosystem.^[1]

2015: Mikhail Rodionov - Head of Representative Office in Russia

In September 2015, Fortinet announced the appointment of Mikhail Rodionov to the post of head of the representative office in Russia and Kazakhstan. Mikhail's role is to maintain and expand Fortinet's presence in these markets by delivering high-quality IT security solutions.

At this time, the Russian market has high growth potential due to significant demand for IT security solutions. In 2014, Fortinet successfully completed certification firewalls FortiGate for compliance with the requirements of the Federal Service for Technical and Export Control (). FSTEC This made it possible to supply equipment to both government agencies and corporate customers. Despite the difficult economic situation, Fortinet continues to develop in Russia, the local office is expanding, the company invests in marketing activities, in holding joint events with partners and customers.

At Fortinet, Mikhail is responsible for the active conduct of business in Russia, Kazakhstan, as well as other countries of Central Asia (Uzbekistan and Kyrgyzstan), the formation of a partnership network, the development of solution expertise, and the management of regional representation. One of the main goals of the new head of the representative office is to bring Fortinet to a leading position in the markets of Russia and Kazakhstan.

2010: Opening of a representative office in Russia

October 2010: Fortinet products have been present on the Russian market since 2008 due to the activities of the distributor Safeline. Nevertheless, the management of the manufacturer of Unified Threat Management (UTM) decided to open a full-fledged representative office in our country.

Fortinet Partner Program

Шаблон:Main 'FortiPartner Program - FPP - Fortinet Partner Program

History

2025: The configurations of 15 thousand Fortinet devices with passwords for management have been posted to the public

In mid-January, the Belsen Group announced^[2] on the Tor network configuration files, IP addresses, administrator names and passwords for 15,000 FortiGate devices developed and distributed by Fortinet around the world. The 1.6 GByte archive was published by a group that first appeared in public space a month ago. True, the data in the archive are dated October 2022.

Fortinet products were very popular on the Russian market, - reminded TAdviser Andrei Michkin, head of the information security solutions implementation department. Cloud Networks- The company had offices throughout Russia, including a fairly large office in the city of Moscow. Moreover, a number of products were certified. FSTEC Today, Fortinet solutions introduced in Russian companies are replaced by domestic counterparts, but this process is by no means fast. Even today, we know large organizations that still have the company's products functioning.

It should be noted that, despite the requirements for critical information infrastructure to abandon the use of foreign information security products, Russian companies continue to use some foreign means of protection.

On the vastness of the Runet, our SKIPA system observes more than 2000 copies of Fortinet software (with FortiOS OS), "said Sergey Gordeichik, CEO of CyberOK, for TAdviser. - Despite the fact that the import substitution process has been going on for several years and it is becoming more and more difficult to receive updates for foreign software, in 2024 the number of devices with FortiOS in Runet practically did not decrease. The published data had previously appeared on the darknet - in May 2023, an auction was held for them with a starting price of $5 million. Most likely, now it is this data that has come into public access, and it was collected several years ago. Despite the fact that the dump does not contain the latest data, they can still be relevant and, as a result, carry high risks for Russian companies. Separately, it should be noted that most devices use software with outdated versions (> 70% of all devices in Runet with software until 2024).

Belsen Group opened access to data that, quite possibly, was not collected by them

The current leak made public, among other things, configuration rules that contain information about the architecture of the internal network and rules for protecting corporate resources. Even if the device itself is no longer working and the credentials from it are not relevant, nevertheless, knowledge of addressing and especially the rules of operation of security tools can help attackers with the so-called "horizontal movement" within the corporate network.

If the topologies of enterprise networks, as well as the rules, accounts and other data previously configured on firewalls, remain relevant to this day, then if they fall into one of the merged files, it will be a critical threat to information security, "said Konstantin Gorbunov, an expert on network threats information security company" Security Code. " - In October 2024, a similar vulnerability was found in a Cisco product, namely the Cisco Nexus Dashboard Fabric Controller (NDFC), using the Rest API, an attacker could use administrative privileges for the account.

However, the network architecture and security rules that could remain after import substitution on Russian devices can also provide a lot of useful information for attackers.

Fortinet has suspended its activities in the country, "Evgeny Kachurov, information security expert at Axenix, explained to TAdviser readers. - Russian customers do not have the opportunity to officially purchase the company's solutions, receive vendor technical support and the necessary updates to existing products. In addition, many companies that fell under presidential decrees No. 166 and No. 250 were required by 2025 to replace the solutions of vendors from "unfriendly countries," to which Fortinet belongs, with analogues from Russia or from "friendly countries."

However, researchers at the CloudSEK portal analyzed^[3] IP addresses from the leak and found that the main victims are countries such as the USA, Great Britain, Poland and Belgium - more than 20 victims of the leak belong to the address space of the respective countries. France, Spain, Malaysia, Holland, Thailand and Saudi Arabia were also targeted (at least 10 IP addresses in each country). At the same time, Russian IP addresses in the leak are quite rare.

CloudSEK analysts map IP distribution from Belsen Group leak

As for the leak, according to information security experts, it could be a consequence of a zero-day vulnerability in Fortinet BDU:2022-06189[4] devices[5], which was eliminated in 2022, - Alexey Lednev, head of product expertise at Positive Technologies, shared with TAdviser data. - But up-to-date credentials still remain in the leak. Using them, attackers could attack companies that have not changed their credentials through Fortinet firewalls. According to foreign researchers, only one organization is among the potentially affected Russian companies, but it could already eliminate the vulnerability and change credentials.

Nevertheless, Russian developers, in order not to repeat the fate of Fortinet, should pay attention to the secure development of their products and timely bug fixes, since it is assumed that a data leak was possible due to an uncorrected BDU:2022-06189 vulnerability, which was already known in 2022. That is why Russian regulators are actively improving software secure development procedures.

Leaking credentials for FortiGate devices poses a serious threat to Russian companies using these products, attackers can gain unauthorized access to corporate networks and attack the company's information systems from the inside, where protection is much weaker or not at all, "said TAdviser Mikhail Sergeyev, a leading CorpSoft24 engineer. - Developers need to regularly release security updates and respond quickly to vulnerabilities, implement multi-factor authentication mechanisms and warn customers to change standard passwords and install security updates.

Since, as noted above, about 2 thousand more devices of the company work for Russian companies, and their owners are most likely left without the support of the manufacturer, now the users themselves have to take care of protecting their infrastructure from such leaks and timely update vulnerable software.

Vendors need to conduct a thorough audit of software modules before they are published and distributed, says Konstantin Gorbunov. - Yes, on the one hand, in the competition, the presence of new functionality and the timing of its commissioning play a significant role, but, on the other hand, according to IBM's 2009 schedule, the cost of correcting an error at the development stage is 10 times less than when users are already actively using the product. A thorough audit means, for example, unit testing, manual testing, as well as a pentest.

2021: $75m investment in Linksys

Linksys, representative in the production of wireless networking products, and Fortinet, a company in the field of global integrated and automated security solutions, cyber security on March 30, 2021 announced the conclusion of a strategic alliance with the aim of further ensuring security and optimizing performance and managing home networks as part of the development situation. remote work More. here

2020

Acquisition of Panopta

On December 21, 2020, Fortinet, a company in the field of global integrated and automated security solutions, cyber security announced TAdviser the takeover of Panopta a SaaS platform provider company that provides complete transparency and automated management of the state of the corporate network, including, servers network devices,, containers applications, databases virtual devices cloudy and infrastructure. details Financial of the deal were not disclosed. More. here

Fortinet bought OPAQ Networks

On July 21, 2020, Fortinet announced the acquisition of OPAQ Networks. The financial component of the agreement was not disclosed by the company. Read more here.

Complete CyberSpin Acquisition

Fortinet announced the completion of the acquisition of CyberSpin (Arlington, pc. Virginia) - developer of a software platform for secure orchestration of management and automation of incident response processes (Security Orchestra, Automation and Response, SOAR). This became known on January 22, 2020. Read more here.

2019

Annual revenue growth of 20% to US $2.16 billion

On February 10, 2020, it became known about the financial results of Fortinet, a company in the field of global integrated and automated cybersecurity solutions for 2019.

Key 2019 results:

• Total revenue was $2.16 billion, up 20% from 2018
• Revenue from product sales amounted to $788.5 million, USA which is 17% higher compared to the same indicator in 2018
• The volume of orders (billings) amounted to 2.6 billion US dollars, which is 21% higher compared to 2018
• Deferred revenue reached $2.14 billion, up 27% from a year ago
• Operating margin for GAAP amounted to 16%, which is 310 basis points higher than in 2018
• Non-consolidated (non-GAAP) operating margin was 25%, 220 basis points higher than in 2018.
• GAAP diluted net income per share was $1.87
• Non-consolidated (non-GAAP) diluted net income per share was $2.47
• Operating cash flow was $808.0 million
• Free cash flow amounted to US $715.8 million

{{quote 'author=noted Ken Xie, Founder, Chairman and CEO of' Our architecture with patented SPU technology gives us a significant performance advantage over our competitors, as evidenced by our safety ratings, and allows us to add additional features to our products. Strong sales revenue growth in the fourth quarter was driven by Fortinet's ability to incorporate advanced security and networking features into products, SD-WAN including. We are focused on continuing to expand our market share by investing in network Security Fabric security, platform development and innovation in,,, 5G IoT border cloudy and security, }}

Buying CyberSponse

On December 12, 2019, Fortinet announced the acquisition of CyberSpin, but did not disclose the cost and other terms of the deal. Read more here.

Completion of the acquisition of enSilo

On November 5, 2019, it became known that Fortinet, a company in the field of global integrated and automated security solutions, cyber security announced the completion of the acquisition, EnSilo a private company with a head office in (San Francisco pcs. California), developing endpoint security systems. More. here

Buying enSilo

In late October 2019, Fortinet announced the acquisition of startup enSilo to improve its technology to automatically detect and respond to cyber threats. Read more here.

A fine of $0.5 million for counterfeiting the country of origin of products for sale to government agencies

In mid-April 2019, Fortinet agreed to pay the US government $545,000 to counterfeit the labeling of products intended for sale to government agencies. For seven years, a company employee forced contractors to change the country of origin of the products on the labels in order to then sell the goods in accordance with the American federal law on public procurement.

The agreement between Fortinet and the U.S. government notes that between January 2009 and fall 2016, a Fortinet employee in charge of supply chain control ordered other employees and contractors to hide the country of origin of the item or include the phrase "Developed in the U.S. and Canada" or "Assembled in the U.S." in the labeling. Thus, products with changed markings were subject to the law on trade agreements, according to which goods purchased under government contracts must be produced or significantly changed in the United States or another country included in a special list. It is known that part of the products with the changed labeling was resold to the US government through distributors and subsequent intermediaries.

The lawsuit in this case was initiated in January 2016, when a lawsuit against Fortinet was filed by Yuxin Jay Fang, a former logistics specialist who worked at Fortinet's Canadian office in Vancouver. Under the Wrongful Claims Act, which imposes liability on people and companies fraudulently participating governmental in programs, individuals can sue on their own behalf or on behalf of the government, which Fang took advantage of. He accused Fortinet, as well as its distributor Arrow Enterprise Computing Solutions, of counterfeiting product labeling - he found that some goods allegedly made in the United States actually came from countries not included in the list of trade agreement laws, including (Taiwan until August 2009) and. China

While Fortinet believes some of the products in question may have actually complied with trade agreement law, the compromised employee's actions are considered a clear violation of the company's established policy. In response to the allegations, Fortinet agreed to pay the government $400,000 and provide the US Marine Corps with additional equipment worth $145,000. The Fortinet representative noted that the company is ready to cooperate with the government, ensuring an prompt and thorough investigation on this issue, but asks to note that this was an isolated incident concerning the events of two years ago, when a former fraudulent employee acted contrary to the established company policy.

When Fortinet reported the incident, management immediately took the necessary action: The company conducted a thorough investigation into the matter, fired the employee and took additional security measures to prevent similar issues in the future. An internal investigation was conducted with the involvement of a lawyer from another company; the compromised employee was on leave at this time. Once the investigation was completed and the employee's guilt proved, Fortinet fired him. According to a press release from the US Attorney's Office, Fortinet collaborated with law enforcement agencies and shared the results of an internal investigation into the matter.

Law enforcement agencies note that contractors supplying Chinese-made technology to the US government will be prosecuted and prosecuted for violating trade agreement law.^[6]

2018

ZoneFox acquisition

On October 30, 2018, Fortinet announced the completion of the acquisition of a private company to identify and respond to internal, cloudy threats ZoneFox whose main office is located in Scotland Edinburgh. More. here

Bradford Networks Acquisition

In June 2018, Fortinet, a developer of large-scale integrated and automated information security solutions, completed the acquisition of Bradford Networks to strengthen its own network security system with access control technologies and IoT security solutions. Read more here.

2017

Cloud and IoT revenue growth

In 2017, Fortinet's revenue increased by 17% compared to 2016 and reached $1.49 billion, which the American company explained by its focus on key growth areas.

Annual net profit fell slightly, from $32.2 million to $31.4 million. The decline occurred due to the fact that the manufacturer of information security solutions had to pay $63 million one-time in connection with the tax reform in the United States.

In 2017, the volume of orders received by Fortinet jumped 19% to $1.8 billion. Judging by this indicator, Fortinet is growing faster than all competitors, said founder, chairman of the board of directors and CEO of the company Ken Xie.

He named several of Fortinet's main growth drivers. Firstly, this is a network security market that has strengthened the company's business in the field of software-defined WAN solutions and network products in general.

The company is also helped by the development of the cloud security trend. Fortinet products are launched in the clouds of Microsoft Azure, Amazon Web Services (AWS), Google Cloud, IBM Cloud and Oracle Cloud, the head continues.

Another positive factor for Fortinet is the growing security needs associated with the Internet of Things, Ken Ksi noted.

North and South America remain Fortinet's largest market with a 42 percent share in turnover. Asia Pacific and EMEA (Europe, Middle East, Africa) accounted for 20% and 38% of revenue respectively.

As for customers, most of the revenue (41%) comes from large corporations and telecommunications operators. Smaller companies account for 29% of revenue, and the indicator in the small and medium-sized business segment - 30%, according to Fortinet financial report data for 2017.^[7]

The emergence of the Zero Thrust concept - the basis of the "Security Factory"

The emergence of numerous personal devices from which employees gain access to corporate information led Fortinet to understand that it is necessary to change the very concept of security. The input firewall cannot provide protection due to an uncontrolled increase in the number of network entry points. Therefore, no network element can be trusted by default. So the concept of Zero Thrust appeared, which became the ideological basis of the "Security Factory."

This Fortinet development provides for a layered protection system. The first line is perimeter protection. The second is to protect everything inside the network. As a rule, the traditional network of the company has a flat topology, routers do not have security tools, so malware is relatively free to spread within the network. Segmentation allows you to localize and control pockets of threats, minimizing damage.

The work of the "Safety Factory" is based on three principles. The first principle is the breadth of coverage. Protection is not limited to a thin perimeter line and a set of separate devices. The administrator must monitor the entire environment, including access points, routers, endpoints, data centers, cloud, applications, and data. The necessary information must be presented in a single interface, allowing you to see and respond to the most complex threats. Using dynamic network segmentation capabilities, the Security Factory allows you to detect threats when they move from one segment to another.

The second principle is high performance. Modern networks are complex, distributed and large. To ensure their protection, especially within the framework of the ZeroThrust concept, a productive security system is required. It is unacceptable to weaken protection in one area in order to ensure real-time operation in another. So, before the advent of FortinetInternal Segmentation Firewall, it was difficult to provide the necessary resources to protect each segment at an acceptable price, so the concept of segmentation did not develop. Now this problem has been solved: Fortinet security solutions provide the highest speed for processing security events.

And the third principle is automation. The spread of threats on networks is increasing, and security systems must be able to respond to them on time. Therefore, they cannot provide for the participation of a person at every step - the correlation of events and the determination of the level of risk must be automated. A "security factory" can dynamically isolate attacked devices, parts of network segments, update rules, set new policies, and remove malware. ON It also knows how to dynamically adapt to changes in the network configuration, which excludes not only time consumption, but also the risk of error due to the fault of the human factor.

The Security Factory is based on the company's existing products, which, thanks to the new concept, have gained additional opportunities to work in a single complex. Its three main components are the FortiGate firewall, FortiMail antispam along with the FortiSandbox sandbox for checking suspicious attachments, as well as software to protect FortiClient users' workstations and personal devices. Web-Application Firewall, Internal Segmentation Firewall can also be used to protect segments and a number of other systems.

Instead of buying security systems from various manufacturers, constantly administering them, monitoring the regular receipt of updates and the timeliness of payment for their renewal, companies will build network security based on a single platform - UTM device.

Devices designed to perform various security functions, arranged in the same platform, are gaining popularity, and this trend will continue. Fortinet is the world leader in these systems.

• A single device - a network that is simply integrated into any complexity, at the same time performs all the functions of the classical model Firewall(,,, VPN(Antivirus Antispam AntiSpam), Web filter)
• The device independently (without using a PC) receives regular updates, which are worked on by a huge staff located in different parts of the world, which increases the speed of response to the manifestation of new threats.
• All security policies are configured in a single intuitive user application. The configuration does not require special knowledge and can be done even by an "advanced" user.
• The basic Fortinet models cost a little money (up to 1000 €) while providing all the same functions as the "older brothers" of the system. There is no catch here, they are simply designed for small networks (20-30 computers).

Fortinet management attributes its own development of those information security components that make up the functionality of modern UTM systems to the main competitive advantages of its company. In addition, citing data from independent research laboratories, it is reported that Fortinet software and hardware solutions are the leading TCO among their counterparts. Fortinet is capable of performing its functions in enterprise and commercial data center IT environments virtualized with the world's most popular virtualization platforms.

A feature of Fortinet's offering is its licensing policy. The company sells the devices themselves and additional licenses for individual security modules, the cost of which is constant - does not depend on the number of users, the number of protected mailboxes, or the number of protected computers.

True, the cost of licenses for different devices is different. Moreover, the product licenses only the functionality that requires constant updates - antivirus, spam filter, intrusion prevention and detection tools, while the firewall and VPN can be used for free.

Technologically, the company emphasizes the development of special hardware accelerators that are based on specialized ASIC chips.

They are developed by the company's engineers to accelerate the most demanding protection tasks and improve their overall performance.

At the same time, the equipment itself can be used not only for performing security functions, but also simply for organizing a network infrastructure: the company has products for both private users and the SOHO market, as well as for large enterprises and even for organizing the core of the provider's network.

That is, Fortinet devices can be used not only as UTM for building a network infrastructure, but also as network routers and switches.

Clients can activate the license for protective mechanisms as needed. If the main competitors, such as Cisco and Juniper, have network building products and a separate line for protection, then Fortinet actually supplies network equipment with built-in network protection functions at all nodes.^[8]

2016

4x profit growth due to sales reorganization

In February 2017, Fortinet summed up its work for the previous year. The profit of the manufacturer of the information security solution jumped four times due to the reorganization of sales.

In 2016, Fortinet raised $1.28 billion, up 26% from a year earlier. The volume of orders indicating future revenues of the company reached $1.52 billion, an increase of 23% compared to 2015. Annual net profit rose to $32.2 million from $8 million.

We are pleased with the strong end of 2016, which showed our advanced technological achievements and revenue growth, - comments on the financial statements of the founder and CEO of the company Ken Xie. - Our comprehensive, powerful, and automated security platform, Security Fabric, which protects all elements of the network - from the Internet of Things to the clouds - makes Fortinet stand out. The technological advantage, coupled with improved sales management, provided strong results in the medium and large business segments, and also gave us a good reserve for the future.

In 2016, Fortinet reorganized the division responsible for selling products to corporate customers. It was divided into two groups, one of which focused on regional business and the other on global operations. Changes in the structure of the sales organization, as stated earlier in the management, led to management problems, but in the future had a favorable impact on the company's performance.

Fortinet CFO Andrew Del Matto, speaking at a conference on the publication of the annual report, said that as a result of the reorganization, the company has reduced administrative levels and jobs with overlapping functions, counting on this to accelerate growth and increase financial transparency of the business.

According to Fortinet, most of the company's revenues are still generated by services, sales of which in 2016 amounted to $727.3 million against $532.5 million in 2015. Product sales rose to $548.1 million from $476.7.^[9]

AccelOps Takeover

On June 9, 2016, Fortinet announced the takeover of AccelOps, a leading provider of network security monitoring and analysis tools. This deal is the next step in Fortinet's Adaptive Network Security strategy by improving the tracking and analysis of threat data from solutions developed by different vendors.

AccelOps is a leading provider of scalable network security monitoring and analysis. The tools developed by AccelOps have helped fundamentally change the concept of identifying, preventing, and managing threats by combining network security monitoring and network performance analysis. Thanks to this, the company's products provide an unprecedented complete view of the state of the network. AccelOps Virtual Tool tracks security, performance, and compliance across local and virtualized infrastructures and provides a comprehensive picture of the state of the environment. The software is used to identify, analyze, and automate security solutions in multi-tenant and single networks that include servers, devices, vaults, networks, security tools, applications, and users.

Once the deal is complete, AccelOps solutions will be released under the name FortiSIEM and incorporated into Fortinet's adaptive network security system. This should improve the effectiveness of monitoring the status of client protection against Fortinet and other vendors. Thus, the strategy of integrated network segmentation should be implemented in full - from IoT to the cloud. The results of the security correlation and analysis begin to flow directly into the adaptive network security system, which will provide automated threat prevention.

It is announced that the Fortinet adaptive network security system will be supplemented with the following components:

• Next Gen SIEM from AccelOps
• Global Threat Intelligence Services from FortiGuard Labs and third-party vendors.

Once a subscription is purchased, enterprise customers can protect their distributed networks through an orderly, consistent response and the use of up-to-date threat data.

The features of AccelOps - the Security Operations Center (SoC) and Network Operations Center (NoC) - will be leveraged by Managed Security Service Provider (MSSP) support services and Fortinet. In particular, it is planned to develop a new subscription service - FortiCare 360 °. This new service will provide customers with automated security and performance audits of client security infrastructures, as well as recommendations to prevent unplanned service interruptions and address issues that may adversely affect performance and service delivery.

By the time of the deal, AccelOps serves hundreds of customers in various areas. In particular, the company's funds are widely used in the corporate and government segments, as well as in the MSSP segment. The takeover of this company contributes to the expansion of the Fortinet market and the entry into the SIEM market, which has a capacity of $2 billion. USA According to the company's forecast, Gartner the volume of this market by 2019 will grow to $2.9 billion. UNITED STATES.

Ken Xie, Founder, Chairman and CEO of Fortinet:

"Sixty percent of security breaches involving data breaches began with network intrusion and hidden threat activity. Threats remained undetected due to inefficiency of threat monitoring tools and correlation of security events. In addition, the complexity of securing "big data" is due to the fact that multi-vendor, distributed corporate networks are not combined into a single system, and the volume and complexity of threats are steadily growing. With the acquisition of AccelOps, Fortinet will be able to expand adaptive network security by combining security monitoring and in-depth analysis of data from multiple vendors. These measures will increase the efficiency of automated protection of all areas of the network - from IoT to the cloud. "

Partha Bhattacharya, Founder and CTO of AccelOps:

"Fortinet and AccelOps share the belief that a comprehensive security solution is needed to cover the IT infrastructure in its entirety. We have always sought to develop tools that make security management and compliance as simple and efficient as possible. With the collaboration between AccelOps and Fortinet's advanced adaptive network security, our customers can take full advantage of a scalable, proven solution. It also provides security, performance, and compliance analysis, as well as management of all types of network environments that include multi-vendor tools. "

2015: Revenue growth by a third

On January 28, 2016, Fortinet announced the results of its activities in 2015. The company's revenue grew by a third, but profits tripled.

For the 12-month reporting period ended December 31, 2015, Fortinet sales slightly exceeded $1 billion against $770.4 million a year earlier. Net profit during this time fell to $8 million from $25.3 million.

Most of Fortinet's revenue is generated by the service business, which reached $532.5 million in 2015, an increase of 30% on an annualized basis. Sales of products rose by a third to $476.8 million.

It also follows from the Fortinet report that in 2015 the volume of customer orders (an important indicator by which investors can judge future income) at the company amounted to $1.23 billion, which is 37% more than a year ago. The volume of cash, its equivalents and investments in the accounts of the American manufacturer reached $1.16 billion against $991.7 million by the end of 2014.

Commenting on Fortinet's financial statements, the company's founder and CEO Ken Xie noted the following:

Few have been able to achieve growth like that demonstrated by Fortinet, as we have made big headway in technology and are making quick money by attracting customers and expanding strategy. With cybersecurity at the top of corporate IT priorities, Fortinet is well positioned to grow and grow market share in 2016 and beyond.

Meanwhile, competitors warn of a decrease in demand for solutions in the field information security (information security). According to the head of FireEye David DeWalt (David DeWalt), the results of his company are disappointing due to changes in the nature of threats and customer shopping habits against the background of information security agreements between USA and China.

On the day of the publication of Fortinet's annual report, the company's shares rose 7%. Over the previous 12 months, quotes decreased by 16%.^[10]

2013: Revenue growth of 15%

• Total revenue was $684.2 million, up 14% from 2012
• Revenue was $615.3 million, up 15% from 2012
• In accordance with GAAP, diluted net income per share was $0.263
• Non-GAAP diluted net income per share was $0.481.3
• Cash flows from operating activities amounted to $147.4 million
• Free cash flow amounted to $133.5 million

2010: Product Line Overview

In 2010, Fortinet offered the following hardware and software complexes:

• FortiGate is a family of UTM devices that provide network, content, and performance protection. FortiGate provides the security features required for reliable and transparent real-time operation of the enterprise information environment. Each model of the younger line also has Switch/LAN and WAN interfaces, which eliminates the need to connect external switches and routers.
• FortiWiFi is a line of wireless network security products. The built-in 802.11a/b/g is added to the FortiGate functionality.
• FortiMail is a family of high-performance, tiered email protection.
• FortiManager is a centralized management and monitoring system for all Fortinet devices.
• FortiAnalyzer is a family of specialized devices that collect, analyze and generate reports on various data in real time.
• FortiClient - devices for protecting personal computers, laptops and smartphones. Perform the functions of a firewall, VPN, antivirus, anti-spam and web content filtering system.
• FortiWeb is a specialized device for protecting web servers. Designed specifically to combat attacks directed at web applications, and in this aspect significantly surpasses universal multifunctional security devices or ITUs.
• FortiDB - Database protection tools perform both periodic database security scans and continuous audit of their functioning in real time.
• FortiScan - provides centralized management that allows you to organize continuous monitoring of network vulnerabilities, identify insecurity and dangerous network holes.
• FortiGuard - a subscription that allows you to continuously automatically receive updates for antivirus, firewall, web filter and anti-spam for products, FortiGate,, and FortiWiFi. FortiMail FortiClient

2009: IPO held

November 2009 - Fortinet's IPO (Initial Public Offering).

According to the results of the 3rd quarter of 2010: the growth of shipments amounted to 33%, and the increase in revenue amounted to 29%, as well as profitability. The company's team is 1,300 employees in 23 offices around the world.

2000: Founding of the Company

In October 2000, Ken and Michael Xie, former president and chief administrator of NetScreen Corporation, together with a dozen engineers, decided to organize a company that would solve network problems of a new generation. NetScreen was later sold to Juniper Networks for more than $3.5 billion.

As a result, a multifunctional network device was created, using specialized ASIC coprocessors for hardware acceleration of network traffic analysis. The climax of the development was the appearance in May 2002 of the first FortiGate device.

Notes