Fortinet's Competitors, Revenue, Number of Employees, Funding and Acquisitions

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

Fortinet is a Public compa...
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Based on data from Fortinet's latest SEC filings

Annual Revenue

Based on data from Fortinet's latest SEC filings

Employees

Ken Xie's photo - Chairman & CEO of Fortinet

Chairman & CEO

Ken Xie

CEO Approval Rating

81/100

OVERVIEW

Founded:

2000

Headquarters:

SunnyvaleCalifornia

Status:

PublicIndependent Company of NASDAQFTNT

Industry Sector:

Networking Equipment

Computer Hardware

Electronic Equipment

Top Competitors or Alternatives

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Competitive Analysis

TOP COMPETITORS OR ALTERNATIVES

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 73% the revenue of Fortinet.

Cisco is Fortinet's #2 competitor. Cisco is a Public company that was founded in San Jose, California in 1984. Like Fortinet, Cisco also works within the Networking Equipment sector. Cisco has 70,055 more employees vs. Fortinet.

F5 Networks has been one of Fortinet's top competitors. F5 Networks's headquarters is in Seattle, Washington, and was founded in 1996. F5 Networks is in the Internet Software industry. F5 Networks generates 112% of Fortinet's revenue.

RANK

COMPANY

LEADERSHIP

CEO SCORE

EMPLOYEES

TOTAL FUNDING

REVENUE

Ken Xie

Chairman & CEO

- -
5,845
$245.3M
$2B
1

Gil Shwed

Founder & CEO

50/100
3,898
$67M
$1.4B
2

Chuck Robbins

Chairman & CEO

82/100
74,200
- -
$51.9B
3

Francois Locoh-Donou

President & CEO

60/100
4,409
$30M
$2.2B
4

Kevin Mandia

CEO

45/100
2,900
$1.8B
$868.4M
5

Matthew P. Moynahan

CEO

58/100
2,600
- -
$634M
6

Christopher Hylen

President & CEO

56/100
993
$143.7M
$351.8M
7

Rami Rahim

CEO

70/100
9,283
$304.4M
$4.5B
8

Christopher Young

CEO

92/100
7,200
$4.8B
$2.1B
9

Nikesh Arora

Chairman & CEO

75/100
5,348
$315.4M
$2.8B
10

Gary Steele

CEO

87/100
2,613
$126.3M
$800M

Quarterly and Annual Revenue

Trailing 12-Months Trend (TTM)

Annual Revenue

$2B

Fortinet's revenue is the ranked 6th among it's top 10 competitors. The top 10 competitors average 6.3B. Over the last four quarters, Fortinet's revenue has grown by 14.9%. Specifically, in Q2 2019's revenue was $521.7M; in Q1 2019, it was $472.6M; in Q4 2018, it was $507M; in Q3 2018, Fortinet's revenue was $453.9M.

Acquisitions

COMPANY ACQUIRED
ACQUISITION DATE
AMOUNT
DESCRIPTION
ZoneFox Holdings Limited

Oct 2018

Source »
undisclosed
Zonefox is a cloud-based threat hunting platform that provides data security and storage solutions for enterprises.
Bradford Networks Inc.

Jun 2018

Source »
$17M
Bradford Networks provides security automation and orchestration solutions for financials, hospitality, entertainment, education and retail sectors.
AccelOps, Inc.

Jun 2016

Source »
$28M
AccelOps provides integrated data center and cloud service monitoring software solutions for enterprises and service providers.
Meru Networks Inc.

May 2015

Source »
$44M
Meru Networks is a supplier of virtualized wireless local area networks for healthcare, enterprise, hospitality, education and other markets.
Coyote Point Systems, Inc.

Mar 2013

Source »
undisclosed
Coyote Point Systems provides load-balancing solutions to increase network capacity and to improve performance.

These are all the companies that Fortinet has acquired. Fortinet has acquired 6 companies and its latest acquisition was ZoneFox Holdings Limited in Oct 2018. Zonefox is a cloud-based threat hunting platform that provides data security and storage 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 D
Aug 2003
$30M

Redpoint Ventures

Series B
Jul 2002
$9M

DEFTA Partners

Series C
Mar 2004
$50M

Acorn Campus

Total Funding: $245.3M

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

Investments

COMPANY

DESCRIPTION

AMOUNT

INVESTMENT DATE

ROUND

EXIT DATE

HyTrust provides hybrid cloud infrastructure virtualization, security, compliance, encryption and access control solutions.
$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 develops and provides identity and access management software solutions for cloud, mobile and data center platforms.
$42M
May 19, 2014
Series E
Jul 01, 2018
HyTrust provides hybrid cloud infrastructure virtualization, security, compliance, encryption and access control solutions.
$18.5M
Aug 25, 2013
Series C
-

These are all the companies that Fortinet has invested in. Fortinet has invested 6 companies and its latest investment was ZoneFox Holdings Limited in Oct 2018. Zonefox is a cloud-based threat hunting platform that provides data security and storage solutions for enterprises.

Fortinet News

October 7, 2019Tahawul Tech

Fortinet highlights why securing OT networks are vital for enterprises

Kalle Bjorn, Director, Systems Engineering at Fortinet, touts the firm's SD-WAN solutions and spotlig... See more »
October 6, 2019Tahawul Tech

Fortinet's Alain Penel

Global cybersecurity solutions provider Fortinet is taking part at this year's GITEX Technology Week ... See more »
October 4, 2019TMCnet

Hackers Exploiting Palo Alto Networks, Fortinet and Pulse Secure VPNs

DHS Warning: Hackers Exploiting Palo Alto Networks, Fortinet and Pulse Secure VPNs... See more »
September 30, 2019DirectorsTalk Interviews

Fortinet, Inc. - Consenus Indicates Potential 20.6% Upside

Fortinet, Inc. found using ticker (FTNT) now have 25 analysts covering the stock with the consensus s... See more »
September 30, 2019bwcio.businessworld

IndiGo Airlines deploys Fortinet's Secure SD-WAN Solution for Business Critical Applications

To avoid delays and provide the best possible user experience for business-critical applications, the... See more »
September 29, 2019IT Brief New Zealand

Reducing risk and complexity with Secure SD-WAN - Fortinet

Secure SD-WAN helps reduce risk and complexity by extending consistent security across the distribute... See more »
September 29, 2019SecurityBrief New Zealand

DX, SX and consistent security in a multi-cloud environment - Fortinet

Fortinet's Josh Alcock explains how your organisation can reduce risk in a DX (digital transformation... See more »

Fortinet Blogs

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 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 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

September 4, 2019GlobeNewswire

Nozomi Networks and Fortinet Bolster IT/OT Visibility and Response

New integrations improve incident response with a centralized view of assets - answer growing demand ... See more »
August 27, 2019Thailand Press Release News

Fortinet to Share Security-Driven Network Strategies for a Hyper-Connected World at 361? Security 2019 Conference

Fortinet, a global leader in broad, integrated and automated cybersecurity solutions, today announced... See more »
August 19, 2019Dubai PR Network

Cyber Adversaries Up the Ante on Evasion and Anti-analysis to Avoid Detection

Fortinet Threat Landscape Index Hits Highest Point to Date, Demonstrating Continued Increase In Cyber... See more »
August 1, 2019GlobeNewswire

Fortinet Reports Second Quarter 2019 Financial Results

Second Quarter 2019 Highlights... See more »
May 13, 2019GlobeNewswire

Fortinet to Provide Strategic Cyber Insight to Global Leaders

Fortinet's CISO Phil Quade and Pedro Paixao, Head of Latin America, to Share Cybersecurity Expertise ... See more »
May 13, 2019Channel EMEA

The Problem with Too Many Security Options

By John Maddison EVP of products and solutions at Fortinet.The challenge of securing our networks is ... See more »
May 8, 2019Channel EMEA

Fortinet Reports First Quarter 2019 Financial Results

First Quarter 2019 Highlights¥ Revenue of $472.6 million, up 18% year over year ¥ Billings of $551.6 ... See more »

Fortinet Videos

Social Statistics

Headquarters

899 Kifer Road

Sunnyvale, California94086

1-408-235-7700

Driving Directions »

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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 81%. Fortinet's primary competitors are Check Point, Cisco & F5 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 $2B 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 Networking Equipment, Computer Hardware, Electronic Equipment
  3. Who are Fortinet's competitors?

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

    Fortinet's has invested in companies such as Hytrust, Ubiqube, Centrify