Fortinet

Fortinet is a provider of network security appliances and unified threat management solutions. Read more

20,253 Followers on Owler
20,253 Followers on Owler
20,253 Followers on Owler
20,253 Followers on Owler

Fortinet

Fortinet is a provider of network security appliances and unified threat management solutions. Read more

FORTINET TOP COMPETITORS OR ALTERNATIVES

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Check Point is the biggest rival of Fortinet. Check Point is headquartered in San Carlos, California, and was founded in 1993. Check Point is in the Application Software field. Check Point generates 79% the revenue of Fortinet.

F5 is Fortinet's #2 competitor. F5 is a Public company that was founded in Seattle, Washington in 1996. F5 is in the Internet Software industry. F5 has 264 more employees vs. Fortinet.

Juniper Networks has been one of Fortinet's top competitors. Juniper Networks's headquarters is in Sunnyvale, California, and was founded in 1996. Juniper Networks competes in the Internet Software field. Juniper Networks generates 174% of Fortinet's revenue.

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Fortinet Quarterly and Annual Revenue

Trailing 12-Months Trend (TTM)

Annual Revenue

$2.6B

Fortinet's revenue is the ranked 8th among it's top 10 competitors. The top 10 competitors average 9.7B. Over the last four quarters, Fortinet's revenue has grown by 30.2%. Specifically, in Q4 2020's revenue was $750.9M; in Q3 2020, it was $651.1M; in Q2 2020, it was $615.5M; in Q1 2020, Fortinet's revenue was $576.9M.

Fortinet Acquisitions

COMPANY ACQUIRED
ACQUISITION DATE
AMOUNT
DESCRIPTION
ShieldX Networks, Inc.

Mar 2021

Source »
undisclosed
ShieldX is a San Jose-based cybersecurity platform that provides cloud-native data protection and threat detection solutions for enterprises.
Panopta, LLC

Dec 2020

Source »
undisclosed
Panopta is an IT operations management platform that provides server monitoring and infrastructure reporting solutions for businesses.
Opaq Networks, Inc.

Jul 2020

Source »
undisclosed
Opaq develops a SASE cloud-based platform that provides network security solutions for healthcare, transportation and financial sectors.
CyberSponse, Inc.

Dec 2019

Source »
$26.1M
CyberSponse develops a security automation platform that offers threat detection, investigation and incident response solutions for enterprises.
enSilo, Inc.

Oct 2019

Source »
$15.8M
enSilo develops an endpoint security platform that offers automated threat detection, prevention and incident response solutions for enterprises.

These are all the companies that Fortinet has acquired. Fortinet has acquired 11 companies and its latest acquisition was ShieldX Networks, Inc. in Mar 2021. ShieldX is a San Jose-based cybersecurity platform that provides cloud-native data protection and threat detection solutions for enterprises.

Fortinet Funding History

Since Fortinet was founded in 2000, it has participated in 4 rounds of funding. In total Fortinet has raised $245.2M. Fortinet's last funding round was on Nov 2009 for a total of $156.2M

ROUND

FUNDING DATE

AMOUNT

INVESTORS

IPO
Nov 2009
$156.3M

Series C
Mar 2004
$50M

Acorn Campus

Series D
Aug 2003
$30M

Redpoint Ventures

Series B
Jul 2002
$9M

DEFTA Partners

Since Fortinet was founded in 2000, it has participated in 4 rounds of funding. In total Fortinet has raised $245.2M. Fortinet's last funding round was on Nov 2009 for a total of $156.2M

Fortinet Investments

COMPANY

DESCRIPTION

AMOUNT

INVESTMENT DATE

ROUND

EXIT DATE

Linksys is a California-based manufacturer and distributor of wireless routers, switches and related network products for residential and commercial sectors in Irvine.
$75M
Mar 21, 2021
Corporate Round
Mar 01, 2018
HyTrust develops a cloud-based compliance software that provides data encryption and security posture management solutions for enterprises.
$36M
Jul 10, 2017
Series E
-
Ubiqube develops an orchestration platform that integrates, automates and coordinates data and infrastructure applications for businesses.
-
May 08, 2017
Series A
-
Centrify is a California-based developer of privileged access management and compliance auditing software products for retail and telecom sectors.
$42M
May 19, 2014
Series E
-
HyTrust develops a cloud-based compliance software that provides data encryption and security posture management solutions for enterprises.
$18.5M
Aug 25, 2013
Series C
-

These are all the companies that Fortinet has invested in. Fortinet has invested 11 companies and its latest investment was ShieldX Networks, Inc. in Mar 2021. ShieldX is a San Jose-based cybersecurity platform that provides cloud-native data protection and threat detection solutions for enterprises.

Fortinet News

May 5, 2021Tahawul Tech

Fortinet Extends Security Fabric with Next-Gen Firewall and 5G

The Fortinet Security Fabric Protects 5G Ecosystems, Integrates SASE and Provides Zero Trust Access w... See more »
May 4, 2021Benzinga

'Halftime Report' Traders Advise Viewers On Fortinet, Bitcoin And More

On CNBC's "Fast Money Halftime Report," Stephanie Link said she would not chase Fortinet Inc (NASDAQ:... See more »
May 4, 2021MarketScreener

Windstream Enterprise Achieves MEF 3.0 SD-WAN Certification for Fortinet Secure SD-WAN-powered Solution

(marketscreener.com) Becomes the first service provider to receive multiple MEF certifications, offer... See more »
May 4, 2021National Computrade News

Fortinet Announced New FortiGate 7121F and FortiExtender 511F-5G to Further Secure And Accelerate 5G Adoption

Fortinet announced the new FortiGate 7121F and Forti Extender 511F-5G to further secure and accelerat... See more »
May 4, 2021MarketScreener

Tackling Cybersecurity Challenges in OT

(marketscreener.com) Organizations are facing an increasing challenge with securing OT environments a... See more »
May 3, 2021SecurityBrief EMEA

Fortinet releases 5G optimised solutions for networking and security

Tthe FortiGate 7121F delivers the security necessary for 5G networks and enterprise Zero Trust Access... See more »
May 3, 2021MarketScreener

Taking Control During Incident Response with FortiSOAR 7.0

(marketscreener.com) Regardless of whether an organization is operating with an in-person, hybrid, or... See more »

Fortinet Blogs

February 21, 2018Fortinet Blog

The Connected Campus: Digital Transformation in Education

As the education space undergoes digital transformation, the IoT and artificial intelligence bring ne... See more »
February 21, 2018Fortinet Blog

Rise of the 'Hivenet': Botnets That Think for Themselves

Over the past few years, a new development has occurred: predictive software systems are being progra... See more »
February 20, 2018Fortinet Blog

Swarming IoT Attacks, Cryptojacking, and Ransomware Drive Dramatic Spike in Malware

FortiGuard Labs just released our latest Quarterly Threat Landscape report for Q4 of 2017. As usual, ... See more »
February 19, 2018Fortinet Blog

Executive Insights: Surviving Your Digital Transformation

2018 is lining up to be the year of Digital Transformation. Just about every organization looking to ... See more »
February 16, 2018Fortinet Blog

New jRAT/Adwind Variant Being Spread With Package Delivery Scam

At the beginning of February 2018, FortiGuard Labs collected an email. The email message contains an ... See more »
February 16, 2018Fortinet Blog

Securing SD-WAN in Distributed Healthcare Environments

As healthcare providers adopt digital capabilities, traditional WANs are not equipped to keep up. Lea... See more »
February 15, 2018Fortinet Blog

Effectiveness, Performance, and Value: The Role of Third Party Security Testing

For the past 16 years, Fortinet has actively participated in every credible lab test we find in order... See more »

Fortinet Press Releases

February 10, 2021PR Newswire

Ordr Announces Expanded Partnership With Fortinet To Deliver Industry-Leading Security Across Network-Connected Devices

SANTA CLARA, Calif., Feb. 10, 2021 /PRNewswire/ -- Ordr, the leader in security for all connected dev... See more »
January 19, 2021PRWeb

Granite Earns Highest Designation as Fortinet Expert Solutions Provider

Communications Leader Delivers Proven Expertise to Manage Complex Secure Networking Deployments for M... See more »
January 14, 2021GlobalNewswire

Interface Shares its top Networking Predictions for 2021

Interface Security Systems and Fortinet to host a webinar called: "5 IT Networking & Security Trends ... See more »
November 9, 2020GlobeNewswire

Canadian Institutions Join Fortinet's Security Academy Program to Address Cybersecurity Skills Gap

Top Tier Academic Institutions Join Forces with Fortinet to Prepare Students for a Career in Cybersec... See more »
October 1, 2020GlobeNewswire

Fortinet to Announce Third Quarter 2020 Financial Results

SUNNYVALE, Calif., Oct. 01, 2020 (GLOBE NEWSWIRE) -- Fortinet® (NASDAQ: FTNT), a global leader in bro... See more »
September 30, 2020GlobalNewswire

Fortinet Expands Network Security Expert Training Institute Offerings to Further Advance Security Skillsets

NSE Training Institute's Certification Program Momentum Continues With More than Half a Million NSE C... See more »
September 30, 2020PR Newswire Asia

T-Systems Singapore introduces Fortinet's AI capabilities to enhance Managed Security Services portfolio

Fortinet's Security Information and Event Management (FortiSIEM) solution deploys AI to detect threat... See more »

Fortinet Videos

Social Media

Fortinet Headquarters

899 Kifer Road

Sunnyvale, California94086

1-408-235-7700

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Fortinet Summary

ABOUT

Overview

Fortinet, Inc. is a provider of network security appliances and unified threat management solutions. Founded by Michael Xie and Ken Xie in 2000 and headquartered in Sunnyvale, California with 2,854 employees in its offices around the world, it offers ...

CEO

Fortinet's Chairman & CEO, Ken Xie, currently has an approval rating of 62%. Fortinet's primary competitors are Check Point, F5 & Juniper Networks.

Website

fortinet.com

Frequently Asked Questions about Fortinet

  1. When was Fortinet founded?

    Fortinet was founded in 2000
  2. Who is Fortinet's CEO?

    Fortinet's CEO is Ken Xie
  3. How much revenue does Fortinet generate?

    Fortinet generates $2.6B in revenue
  4. How much funding does Fortinet have?

    Fortinet has historically raised $245.3M in funding
  5. Where is Fortinet's headquarters?

    Fortinet's headquarters is in Sunnyvale California, USA
  1. How many employees does Fortinet have?

    Fortinet has 5,845 employees
  2. What sector does Fortinet operate in?

    Fortinet is in Computers, Peripherals, Networking and Electronic Equipment
  3. Who are Fortinet's competitors?

    Fortinet's top competitors are Check Point, F5, Juniper Networks
  4. Who has Fortinet invested in?

    Fortinet's has invested in companies such as Linksys, HyTrust, Ubiqube