Fortinet Appoints Brett T. White as Chief Financial Officer

SUNNYVALE, Calif., Nov 14, 2005 - Fortinet - the pioneer and market leader of Unified Threat Management and only provider of ASIC-accelerated, network-based multi-threat security systems for real-time network protection - today announced that Brett T. White has joined its management team as Chief Financial Officer (CFO).

Mr. White will be responsible for all financial functions within the company, in addition to working with other executives to increase Fortinet's growth, profitability and competitive position in the market. Additionally, Mr. White will be tasked with driving financial management, processes and controls, including continuing efforts to bring Fortinet in compliance with the Sarbanes-Oxley Act, a requirement for becoming a publicly-traded company.

"Following an extensive search that yielded many qualified candidates, I am pleased to welcome Brett to our team and look forward to working closely with him on guiding the strategy and direction of Fortinet," said Ken Xie, Fortinet founder, president and CEO. "Brett has successfully managed global, efficient and financially compliant high-growth organizations and brings the right mix of energy and experience to help lead Fortinet to continued growth and the next stage of success."

Mr. White's distinguished 20-year career has been focused on leading financial operations for growth-oriented global technology companies. Mr. White most recently was EVP and CFO for Corio Inc, an enterprise applications services company. During his tenure at Corio, the company's stock price grew by 355%, culminating in an acquisition by IBM in March of this year. Mr. White was responsible for a variety of finance and administration achievements at Corio, including implementing a formal investor relations program and upgrading of the company's financial controls, which led to the achievement of Sarbanes-Oxley certification. Mr. White's career background also includes nearly 10 years at Oracle, where he served as vice president of finance over a $3 billion business unit, as well as in various international finance roles. Additionally, Mr. White was CFO of KANA Software and held executive management positions at marchFIRST.

"Fortinet is the market leader of one of the fastest-growing segments in the network security market and is led by a management team with a solid track record of success in building leading companies," Mr. White said. "I am excited to join the Fortinet team and look forward to helping drive the next stage of growth for this exceptional and accomplished company."

About Fortinet (www.fortinet.com)
Fortinet is the confirmed leader of Unified Threat Management market. The company's award-winning FortiGate™ series of ASIC-accelerated multi-threat security systems, winner of the 2004 Security Product of the Year Award from Network Computing Magazine and the 2003 Networking Industry Awards Firewall Product of the Year, are the new generation of real-time network protection systems. They detect and eliminate the most damaging, content-based threats from e-mail and Web traffic such as viruses, worms, intrusions, inappropriate Web content and more in real time - without degrading network performance. Fortinet's solutions are the only security products that are certified seven times over by the ICSA (firewall, antivirus, IPSec, SSL, IDS, client antivirus detection and cleaning), and deliver a full range of network-level and application-level services in integrated, easily managed platforms. Named a Light Reading Top 10 Private Company and #4 on Silicon Valley/San Jose Business Journal's "Fast 50" list, Fortinet is privately held and based in Sunnyvale, California.

 




QUICK FACTS
Year Founded
2000
Stock Symbol
NASDAQ: FTNT
Headquarters
Sunnyvale, California
Number of Employees
1,200+
Financial Highlights
FY09 Revenue: $252M
$260M+ cash and no debt
Profitable
First Product Release
May 2002
Units Shipped to Date
500,000+
Customers
75,000+ customers
Market Leadership
WW UTM Factory Revenue Leader
Top 4 Largest Network Security Appliance Vendor
Patents
40 patents
100+ patents pending
Industry Accolades
80+ awards, including:
Security Product of the Year
Best Integrated Security Appliance
Best IPS solution
Top Mid-market Solution
2006 Technology Pioneer
6 ICSA security certifications
NSS certified (UTM)
ISO 9001 certified
Corporate and Securities Counsel
Wilson Sonsini
Goodrich & Rosati
Palo Alto, California
Auditors
Deloitte Touche Tohmatsu
San Jose, California



FortiGate appliances allowed us to have our security grow with the needs of our network infrastructure, evolving from 200 Mbps to 1 Gbps performance over time. With Fortinet's firewall solution, we control what comes in and out of our data centers, and we have been able to include new applications in our service catalogue without jeopardizing the availability and security of our core systems.

Frank Santana., IT Architect
Vopak