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Fortinet, Inc. (NASDAQ: FTNT) is a leading global provider of network security appliances and the market leader in unified threat management (UTM). Headquartered in Sunnyvale, California, Fortinet develops comprehensive cybersecurity solutions that help businesses protect against dynamic security threats while simplifying IT security infrastructure. The company's flagship product, FortiGate, offers ASIC-accelerated performance and integrates multiple layers of security to safeguard against application and network threats. Fortinet's extensive product line extends beyond UTM to secure the entire enterprise, from endpoints to the core network, including databases and applications.
Fortinet's platform-based cybersecurity offerings cover network security, cloud security, zero-trust access, and security operations. The company generates most of its revenue through sales of its subscription and support-based services. With over 700,000 customers worldwide, including many from the 2010 Fortune Global 100, Fortinet has established itself as a trusted cybersecurity provider for enterprises, service providers, and government entities globally.
Recent achievements include the launch of the FortiGate Rugged 70G with 5G Dual Modem, designed for industrial environments and remote ATMs. This new product merges enterprise-grade threat protection with high-performing networking capabilities, ensuring high availability and secure connectivity in extreme conditions. Fortinet's commitment to innovation is evident in its continuous development of the FortiOS, the industry's most powerful network security operating system. The latest version, FortiOS 7.6, introduces new generative AI features, enhanced data protection, and managed services to help customers mitigate risks and simplify network management.
Financially, Fortinet has shown strong performance. For the fourth quarter of 2023, the company reported significant growth in Security Operations billings and SASE billings, driven by a successful sales strategy shift and improved execution. The firm's platform strategy continues to resonate with enterprises worldwide, positioning Fortinet as a leader in secure networking and firewall solutions.
Fortinet is also committed to closing the global cybersecurity skills gap. Through the Fortinet Training Institute, the company offers extensive training programs and has made remarkable strides in providing cybersecurity education to underserved communities, including women and veterans. Fortinet's collaboration with various public and private entities further emphasizes its dedication to enhancing global cyber resilience.
Learn more about Fortinet's innovations, financial highlights, and commitment to cybersecurity at Fortinet.com.
BT and Fortinet have launched a managed secure SD-WAN service, enhancing connectivity and cybersecurity. This integrated solution combines security and networking, addressing the complexity of cyber threats and network management. Key benefits include improved performance, efficient operations, natively integrated security, and reduced costs. The partnership, longstanding for over a decade, reflects their commitment to delivering secure solutions for digital transformation. This service supports organizations in adapting to hybrid work models, securing applications and workloads in a distributed environment.
Fortinet (NASDAQ: FTNT) has unveiled the FortiGate 7121F and FortiExtender 511F-5G, enhancing security for 5G networks. These solutions offer unmatched performance, with FortiGate 7121F providing 1.89 Tbps firewall throughput and high-speed threat protection and SSL inspection. The FortiExtender delivers flexibility for SD-WAN and SASE solutions. Fortinet's focus on 5G security aims to safeguard the expanding attack surface introduced by the 5G ecosystem, ensuring low latency and robust security for enterprises and mobile network operators.
Fortinet (NASDAQ: FTNT) is enhancing its Training Advancement Agenda (TAA) to address the cybersecurity skills gap. The NSE Training Institute's initiatives include over 30 free technical training courses, new partnerships with organizations like Women in Cybersecurity and Stanford University, and support for nearly 400 educational institutions globally. Despite a reported decrease in security professionals needed from 4.07 million to 3.12 million in 2020, the skills gap remains a critical challenge. Recent achievements include reaching over 1,000,000 registrations for free courses and launching new certification programs.
Fortinet (NASDAQ: FTNT) announced a conference call scheduled for April 29, 2021, at 1:30 PM PT to discuss its Q1 2021 financial results. The call can be accessed at (877) 303-6913 domestically or (224) 357-2188 internationally. A live webcast and supplemental slides will be available on the Investor Relations page of Fortinet's website. A replay will also be available through May 6. Fortinet continues to lead in the cybersecurity market, securing numerous enterprises worldwide.
Fortinet (NASDAQ: FTNT) is set to become the title sponsor of the Fortinet Championship, commencing September 13-19, 2021, at Silverado Resort and Spa, Napa. This partnership marks a significant six-year agreement as the kickoff event for the 2021-22 FedExCup Regular Season. Net proceeds from the tournament will support non-profit organizations focused on STEM, minorities in technology, and veterans' programs. The event will feature a $7 million purse and will be televised on Golf Channel.
Fortinet (NASDAQ: FTNT) has launched a children's book titled “Cyber Safe: A Dog’s Guide to Internet Security” to enhance cyber awareness among kids aged 7-12. This initiative aligns with Fortinet's mission to educate communities about cybersecurity. The book aims to educate youth about online safety, particularly as remote learning increases internet usage. Co-authored by Renee Tarun, the book is also part of Fortinet's broader NSE Training Institute programs, which offer free cyber awareness courses for all ages.
Fortinet has announced a strategic investment of $75 million in Linksys to enhance secure connectivity solutions for remote workers. This partnership aims to deliver enterprise-grade security and reliable networking in the growing work-from-home environment. Fortinet will also join the Linksys Board of Directors, reinforcing its commitment to optimizing the management and performance of home networks. By combining Fortinet's cybersecurity expertise with Linksys' networking technology, the alliance seeks to provide organizations with seamless and secure remote connectivity.
Fortinet (NASDAQ: FTNT) announced the launch of the updated Engage 2.0 Partner Program, aimed at enhancing profitability for cloud partners. New features include flexible consumption models for products like FortiSIEM and FortiEDR, and additional specializations in high-growth areas such as Zero Trust Access. Cloud partners will benefit from discounts on licensing models and access to FortiCWP. The program is designed to adapt to evolving market demands and supports partners in delivering essential cybersecurity services efficiently.
Fortinet (NASDAQ: FTNT) has announced that its Security Fabric ecosystem has surpassed 400 technology integrations, enhancing security visibility and management across digital infrastructures. This achievement is attributed to the Fabric-Ready Partner Program, which facilitates pre-validated integrations with industry leaders. The endeavor aims to consolidate security solutions and simplify operations for organizations facing cyber threats, especially with the rise of remote workforces. Fortinet’s open architecture is designed to unite disparate vendor solutions, effectively addressing gaps in security.
AT&T is expanding its Managed Security Services by teaming up with Fortinet to offer the first global managed Secure Access Service Edge (SASE) solution. This innovation integrates software-defined wide-area network (SD-WAN) capabilities with network security functions, promoting enhanced security, improved network performance, and reduced operational costs. The solution is available immediately, with planned updates throughout 2021. AT&T's experience as a leading SD-WAN provider allows it to address the evolving cybersecurity needs of organizations facing a distributed workforce.
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