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CST: 24/06/2019 18:48:51   

Fortinet Advances to #2 in Firewall, UTM and VPN Revenue According to Leading Analyst Firm

83 Days ago

Company is #1 in Security Appliance Shipments for 6 Consecutive Years; Data Shows Strong Customer Demand for Fortinet’s Security Solutions Continues

SUNNYVALE, Calif., April 02, 2019 (GLOBE NEWSWIRE) --  John Maddison, executive vice president of products and solutions at Fortinet
“Organizations are adopting a holistic approach to security, that is broad, integrated, and automated. As more enterprises customers consolidate towards a single vendor, Fortinet’s Security Fabric arms customers with a comprehensive solution that spans the entire attack surface from the core network to multi-clouds, and the edge, delivering the performance and threat intelligence required to ultimately protect against today’s evolving threat landscape.

News Summary:
Fortinet® (NASDAQ: FTNT), the global leader in high-performance cybersecurity solutions, today announced the results from International Data Corporation’s (IDC) latest Worldwide Quarterly Security Appliance Tracker. The 4Q18 and historical report data demonstrates Fortinet’s continued leadership in the security industry by consistently shipping the most security appliances than any other vendor and accelerating double-digit revenue growth.

  • The 4Q18 IDC tracker outlines that Fortinet realized 17.7% revenue growth in the total security appliance market year-over-year, out-pacing the industry average of 16.7%, and advancing from the third to second spot in revenue for the combined Firewall, UTM and VPN markets.
  • Fortinet also saw fourth quarter 2018 appliance shipments increase by 22.4% year-over-year, earning 23.5% unit market share for the total security appliance market in the quarter.
Fortinet Units Shipped vs. The Next Closest Competitor
2015 2016 2017 2018 Combined
181% 209% 183% 194% 192%

(Source: IDC Worldwide Security Appliance Tracker, 4Q18)

Fortinet Continues Growth with Proven Performance
The results demonstrate Fortinet’s ability to provide the most innovative, highest-performing security fabric to secure and simplify IT infrastructure. Fortinet is the only vendor capable of delivering an integrated Security Fabric that can protect against potential threats across the entire attack surface and deliver automated protection and visibility to every network segment, device, and appliance, whether virtual, in the cloud, or on-premises.

Additional Resources

About Fortinet
Fortinet (NASDAQ: FTNT) secures the largest enterprise, service provider, and government organizations around the world. Fortinet empowers its customers with intelligent, seamless protection across the expanding attack surface and the power to take on ever-increasing performance requirements of the borderless network - today and into the future. Only the Fortinet Security Fabric architecture can deliver security without compromise to address the most critical security challenges, whether in networked, application, cloud, or mobile environments. Fortinet ranks #1 in the most security appliances shipped worldwide and more than 385,000 customers trust Fortinet to protect their businesses. Learn more at http://www.fortinet.com, the Fortinet Blog, or FortiGuard Labs.

FTNT-O

Copyright © 2019 Fortinet, Inc. All rights reserved. The symbols ® and ™ denote respectively federally registered trademarks and common law trademarks of Fortinet, Inc., its subsidiaries and affiliates. Fortinet's trademarks include, but are not limited to, the following: Fortinet, FortiGate, FortiGuard, FortiCare, and FortiOS.

Other trademarks belong to their respective owners. Fortinet has not independently verified statements or certifications herein attributed to third parties and Fortinet does not independently endorse such statements. Notwithstanding anything to the contrary herein, nothing herein constitutes a warranty, guarantee, contract, binding specification or other binding commitment by Fortinet or any indication of intent related to a binding commitment, and performance and other specification information herein may be unique to certain environments. This news release may contain forward-looking statements that involve uncertainties and assumptions, such as statements regarding technology releases among others. Changes of circumstances, product release delays, or other risks as stated in our filings with the Securities and Exchange Commission, located at www.sec.gov, may cause results to differ materially from those expressed or implied in this press release. If the uncertainties materialize or the assumptions prove incorrect, results may differ materially from those expressed or implied by such forward-looking statements and assumptions. All statements other than statements of historical fact are statements that could be deemed forward-looking statements. Fortinet assumes no obligation to update any forward-looking statements, and expressly disclaims any obligation to update these forward-looking statements.

Media Contact: Investor Contact: Analyst Contact:
     
Stephanie Vanegas  Peter Salkowski Ron Davis
Fortinet, Inc. Fortinet, Inc. Fortinet, Inc.
408-235-7700 408-331-4595 415-806-9892
pr@fortinet.com psalkowski@fortinet.com rdavis@fortinet.com

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