Fortinet Inc.

Fortinet Inc.

Fortinet Inc.

Date Founded


Type of Company


Employees (Worldwide)



Computer Software
Wireless Telecommunications
Other Business & Consulting Services
IT Consulting & Services

Company Description

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. Founded in 2000 by Ken Xie, the visionary founder and former president and CEO of NetScreen, Fortinet is led by a strong and seasoned management team with deep experience in networking and security. Fortinet's market position has been validated by widespread recognition by industry analysts, business organizations, and media. 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 $434m revenue and 34% year-over-year growth in 2011. The company is solidly profitable with more than $600M in cash, and has been cash flow positive for more than six years.

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Executives & Employees



Chief Financial Officer & Chief Accounting Officer

Executive Vice President, Corporate Development, General Counsel & Corporate Secretary

Chief Information Security Officer

Senior Executive Vice President, Worldwide Sales & Support

Chief Marketing Officer & Executive Vice President, Products

Senior Vice President, Marketing, Threat Intelligence & Influencer Communications

Senior Vice President, Global Marketing

Senior Vice President, Human Resources

Board of Directors

Co-Founder at Fortinet Inc.

Chief Marketing Officer at Oracle Corp.

Co-Founder at Neukom Family Foundation

Chairman of the Board, President & Chief Executive Officer at Fulgent Genetics, Inc.

Former Governor of Washington

Dean's Executive Professor-Accounting-Leavey School of Business at Santa Clara University

Chief Financial Officer at Marvell Technology Group Ltd.

Co-Founder at Fortinet Inc.

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Fortinet Inc.
Owners & Shareholders
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Altshuler Shaham MFM is an active manager which offers a range of mutual funds

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GIM offers an array of equity, fixed income and liquid alternatives strategies in separately managed accounts and mutual fund products. Equity strategies include large, small, and mid-cap stocks using a blend of growth and value styles. The firm also offers quantitatively-oriented strategies using primarily domestic equities (including 130/30 products). GIM offers an international strategy that uses ADRs. The firm's fixed income strategies include core fixed, intermediate and short duration approaches suitable for taxable and tax exempt investors. These strategies use corporate bonds, municipal bonds, asset backed obligations and US government obligations. Liquid Alternatives include long/short strategies (Quantitative US Total Market and Quantitative US Long/Short) and secured options strategies (Secured Options and Global Secured Options). Both the equity and fixed income strategies may buy mutual funds or exchange traded funds. GIM's selection of investments is based upon an investment process that utilizes technical, fundamental and charting techniques based upon information obtained from financial publications, direct corporate data, proprietary and third party research reports, proxy, 10K, 10Q and other SEC filings. GIM strategies may utilize long and short term trading, short sales and options to meet their articulated investment objectives.

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Blue Harbour Group's primary investment strategy involves investing primarily in publicly-traded equities and equity-like securities of US and Canadian mid-cap companies that they believe are undervalued by the public securities markets. Their investment strategy also often involves Blue Harbour seeking to be a significant minority shareholder in portfolio companies. They take a private equity approach to public market investing and aim to deliver superior returns through a value-oriented investment strategy focusing on companies that are (or should be) implementing strategic change.Blue Harbour looks for companies they believe are fundamentally undervalued and seeks to enhance returns by identifying and suggesting initiatives to create value. The firm also invests in companies undergoing an event precipitated by the company itself or by third parties, such as takeovers, significant management changes, changes in strategic direction, acquisitions, divestitures, mergers, liquidation procedures, recapitalizations or balance sheet restructurings. Blue Harbour may also make investments in industry consolidation and acquisition strategies, busted deals, orphaned equities, and other situations. In addition, the firm may invest in equity or total-return swaps, foreign exchange forward contracts or other notional principal or derivative contracts.

Recent Transactions
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Fortinet Inc. purchases enSilo, Inc. from Viola Ventures, Lightspeed Management Co. LLC, Rembrandt Venture Management LLC, Counterview Capital Management LLC

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Fortinet Inc. purchases Zonefox Holdings Ltd. from Scottish Investment Bank Ltd., Archangel Informal Investment Ltd., TRI Capital Ltd.

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Fortinet Inc. purchases Bradford Networks, Inc. from Windspeed Ventures, Updata Management LLC, Eastward Capital Partners LLC

Insider Transactions
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Transaction Advisors
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Advised onFortinet Inc. purchases Zonefox Holdings Ltd. from Scottish Investment Bank Ltd., Archangel Informal Investment Ltd., TRI Capital Ltd.


Advised onFortinet Inc. issued Common Stock


Advised onFortinet Inc. issued Common Stock

Legal Advisor

Advised onFortinet Inc. purchases Zonefox Holdings Ltd. from Scottish Investment Bank Ltd., Archangel Informal Investment Ltd., TRI Capital Ltd.


Advised onFortinet Inc. purchases Zonefox Holdings Ltd. from Scottish Investment Bank Ltd., Archangel Informal Investment Ltd., TRI Capital Ltd.

Legal Advisor

Advised onFortinet Inc. purchases enSilo, Inc. from Viola Ventures, Lightspeed Management Co. LLC, Rembrandt Venture Management LLC, Counterview Capital Management LLC

Advisors & Consultants
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Partner at Davis Polk & Wardwell LLP

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Partner at Davis Polk & Wardwell LLP

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Partner at Wilson Sonsini Goodrich & Rosati PC


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HyTrust, Inc. provides cloud security automation solutions. It offers HyTrust CloudControl, a control point that adds critical authentication, authorization and auditing for administrators of virtual infrastructure. The firm's solution simplifies compliance and provides control and visibility into private clouds. It also offers HyTrust DataControl, a solution that provides strong encryption for virtual machines in any public or hybrid cloud, along with easy to deploy key management. The firm offers compliance, private cloud controls, virtual machine encryption and HyTrust boundary controls. The company was founded by Renata Budko, Eric Chiu, Boris Strongin and Boris Belov in 2007 and is headquartered in Mountain View, CA.

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UBIqube (Ireland) PLC develops software for network and security management services. It offers Cloud Security, SD-Wan and Service Orchestration. The company was founded by Nabil Lawrence Souli on 23rd April 2014 and is headquartered in Dublin, Ireland.

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Centrify Corp. provides identity management software solutions. Its solutions include secure cloud and on-premises apps, multi-factor authentication, privileged access management, secure hybrid cloud, big data security, risk-based access control, and secure develops. The firm also offers application, endpoint, infrastructure, analytics, and federal CAC reader platform services to automotive and energy, banking and finance, defense and government, education, internet and entertainment, manufacturing and construction, and pharma and health industries. The company was founded by Thomas R. Kemp, Paul Moore and Adam W. Au in 2004 and is headquartered in Santa Clara, CA.

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Managing Partner at O. G. Tech Ventures

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Venture Advisor at Relay Ventures

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DEFTA Corp. focuses primarily on seed and first round investments in early-stage information technology companies. The firm seeks to invest in companies in which global opportunities will accelerate growth

Advanced Micro Devices, Inc. Pension Funds & Sovereign Wealth | Sunnyvale, California

Advanced Micro Devices, Inc. engages in the provision of semiconductor businesses. It operates through the Computing & Graphics and Enterprise, Embedded & Semi-Custom segments. The Computing and Graphics segment includes desktop and notebook processors and chipsets, and discrete and integrated graphics processing units. The Enterprise, Embedded and Semi-Custom segment comprises of server and embedded processors, semi-custom systems-on-chips products, development services, technology for game consoles and licensing portions of its intellectual property portfolio. The company was founded by W. J. Sanders III on May 1, 1969 and is headquartered in Santa Clara, CA.

Intel Corp. IT Consulting & Services | Santa Clara, CA

Intel Corporation is an American multinational semiconductor chip maker corporation headquartered in Santa Clara, California. Intel is the world's largest and highest valued semiconductor chip maker, based on revenue. It is the inventor of the x86 series of microprocessors, the processors found in most personal computers. Intel Corporation, founded on July 18, 1968, is a portmanteau of Integrated Electronics (the fact that "intel" is the term for intelligence information was also quite suitable). Intel also makes motherboard chipsets, network interface controllers and integrated circuits, flash memory, graphic chips, embedded processors and other devices related to communications and computing. Founded by semiconductor pioneers Robert Noyce and Gordon Moore and widely associated with the executive leadership and vision of Andrew Grove, Intel combines advanced chip design capability with a leading-edge manufacturing capability. Though Intel was originally known primarily to engineers and technologists, its "Intel Inside" advertising campaign of the 1990s made it and its Pentium processor household names.

Broadcom Corp. Semiconductors | Singapore, Central Region

Broadcom Corporation (NASDAQ: BRCM), a FORTUNE 500® company, is a global leader and innovator in semiconductor solutions for wired and wireless communications. Broadcom® products seamlessly deliver voice, video, data and multimedia connectivity in the home, office and mobile environments. With the industry's broadest portfolio of state-of-the-art system-on-a-chip and embedded software solutions, Broadcom is changing the world by Connecting everything®.

Palo Alto Networks, Inc. Computer Software - Santa Clara, CA

Palo Alto Networks, Inc. engages in the provision of network security solutions to enterprises, service providers, and government entities. It operates through the following geographical segments: Americas; Europe, the Middle East, and Africa; and Asia Pacific and Japan. The company was founded by Nir Zuk, Rajiv Batra and Yu Ming Mao in March 01, 2005 and is headquartered in Santa Clara, CA.

FireEye, Inc. Computer Software - Milpitas, CA

FireEye, Inc. operates as a intelligence-led security company, which engages in the intelligence-based cybersecurity solutions that allow organizations to prepare for, prevent, respond to and remediate cyber attacks. It operates through the following geographical segments: United States; EMEA; APAC; and Other. Its solutions include Enterprise Security; Managed Security; Threat Intelligence; and Industry Solutions. The company was founded by Ashar Aziz in February 2004 and is headquartered in Milpitas, CA.

Check Point Software Technologies Ltd. Computer Software - Tel Aviv, TA

Check Point Software Technologies Ltd. engages in the development and market of software and hardware solutions for information technology security. The company products include threat prevention, next generation firewalls, mobile security, and security management. Its solutions cater to the following: point of sale systems, automated teller machines, private and public cloud, and telecommunications providers. The company was founded by Gil Shwed, Marius Nacht, and Shlomo Kramer in July 1993 and is headquartered in Tel Aviv, Israel.

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