Fortinet Announces It Has Suspended Operations in Russia
Fortinet (NASDAQ: FTNT) has announced the suspension of all operations in Russia, ceasing sales, support, and professional services due to the ongoing conflict in Ukraine. CEO Ken Xie expressed concern over the situation and emphasized the company's commitment to safety and support for affected employees and customers. Fortinet is actively collaborating with global partners to defend against Russian cyberattacks and assist governments in cybersecurity efforts. Additionally, the company has initiated an employee matching campaign to support NGOs aiding Ukraine.
- Fortinet is taking a firm stance by ceasing operations in Russia, aligning with global ethical standards.
- The company is actively collaborating with international partners to enhance cybersecurity against threats.
- Initiatives like employee matching contributions to NGOs highlight Fortinet's commitment to social responsibility.
- Suspending operations in Russia may impact revenue streams and customer relationships in that region.
- The cessation of sales and support services could lead to a loss of market presence in Russia.
SUNNYVALE, Calif., March 07, 2022 (GLOBE NEWSWIRE) --
Ken Xie, Founder, Chairman of the Board, and Chief Executive Officer at Fortinet
“Like many around the world, we are watching what’s happening in Ukraine with great concern and as a result are compelled to take action. We regret the impact this will have on our employees, partners, and customers who are adversely impacted by the actions of the Russian government.”
News Summary:
Fortinet® (NASDAQ: FTNT), a global leader in broad, integrated, and automated cybersecurity solutions, today announced that it ceased operations within Russia. This included the suspension of Fortinet sales, support, and professional services. Fortinet continues to follow all security protocols and U.S. and other applicable government regulations and guidelines.
Supporting Our Customers, Partners and Employees
As the situation continues to unfold in Ukraine and affected regions, the safety of our employees, customers, and partners in the region and around the world remains a top priority. Fortinet is committed to supporting our Ukrainian team members and our customers. We will also continue to support our employees in Russia who are being unwillingly impacted.
We are working with customers and governments worldwide to help defend against Russian cyber attacks. As a founding member of the World Economic Forum Centre for Cybersecurity, and through our partnerships with the Cyber Threat Alliance, and Joint Cyber Defense Collaborative (JCDC) convened by the U.S. Cyber and Infrastructure Security Agency (CISA), Fortinet is actively collaborating across a global network of NGO, industry, and public sector organizations in efforts to secure people, devices, and data everywhere.
Fortinet continues to monitor the crisis in Ukraine. We have multiple customer and partner efforts underway, including helping governments around the world to prepare for and defend against cyberattacks. These efforts include providing technology solutions and sharing the latest threat intelligence from our FortiGuard Labs as well as our broad ecosystem of threat intelligence partners.
We’ve also heard from employees that they want to help, and we have launched an enhanced employee matching financial contribution campaign for all employee contributions to NGOs that are directly aiding the effort in Ukraine.
About Fortinet
Fortinet (NASDAQ: FTNT) makes possible a digital world that we can always trust through its mission to protect people, devices, and data everywhere. This is why the world’s largest enterprises, service providers, and government organizations choose Fortinet to securely accelerate their digital journey. The Fortinet Security Fabric platform delivers broad, integrated, and automated protections across the entire digital attack surface, securing critical devices, data, applications, and connections from the data center to the cloud to the home office. Ranking #1 in the most security appliances shipped worldwide, more than 565,000 customers trust Fortinet to protect their businesses. And the Fortinet NSE Training Institute, an initiative of Fortinet’s Training Advancement Agenda (TAA), provides one of the largest and broadest training programs in the industry to make cyber training and new career opportunities available to everyone. Learn more at https://www.fortinet.com, the Fortinet Blog, or FortiGuard Labs.
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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: |
| Tiffany Curci | 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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