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Fortinet history
Fortinet company history timeline
The company was renamed to ApSecure in December 2000 and later renamed again to Fortinet, based on the phrase "Fortified Networks."
Founded in 2000 by Ken Xie, the visionary founder and former president and CEO of NetScreen, Fortinet is led by a strong management team with deep experience in networking and security.
Fortinet has operated in Burnaby since the year 2000, contributing to economic development and fostering the growth of the technology sector in Canada.
In 2000, Ken Xie and his brother Michael Xie co-founded Appligation Inc.
Fortinet introduced its first product, FortiGate, in 2002, followed by anti-spam and anti-virus software.
Fortinet's first channel program was established in October 2003.
In 2003, they launched their first channel program and began distribution in Canada the same year, via Westcon Canada.
By 2004 Fortinet had offices in Asia, Europe and North America.
The company turned cash positive in 2008 and acquired database security firm IPLocks the same year.
Fortinet became profitable in the third quarter of 2008.
In August 2009, Fortinet acquired the intellectual property and other assets of Woven Systems, an ethernet switching company.
The company sold 5.8 million shares and raised $52.4 million through its IPO in 2009.
By 2010, Fortinet had $324 million in annual revenues and held the largest share of the unified threat management market according to IDC.
In 2013, they launched monthly subscription options for customers with less capital.
In July 2014, Fortinet announced a technical certification program called the Network Security Expert (NSE) program.
They expanded to new ventures in 2014 by launching a technical certification named Network Security Expert.
In June 2016, Fortinet acquired IT security, monitoring and analytics software vendor, AccelOps.
Also in 2016, Fortinet launched a program called FortiVet to recruit military veterans for cybersecurity jobs.
In January 2017, it was announced that Philip Quade, a former member of the NSA, would become the company's chief information security officer.
At the end of 2017, Fortinet reported $416.7 million in revenue, a 15 percent increase from the previous year.
In June 2018, Fortinet acquired Bradford Networks, a maker of access control and IoT security solutions.
Furthermore, Fortinet is growing at 20%, being valued at a staggering $13 billion in 2018.
In January 2019, it was announced that Fortinet and founder Ken Xie would participate in the annual World Economic Forum held in Davos, Switzerland.
In September 2019, Fortinet settled a whistleblower lawsuit regarding what the company has described as an "isolated incident" of sales of intentionally mislabeled Chinese-made equipment to United States government end users.
In late 2019, Fortinet acquired enSilo and CyberSponse.
In July 2020, Fortinet acquired OPAQ Networks.
In September 2021, Fortinet pledged to train one million people in support of President Joe Biden's call to action to address the talent shortage in American cybersecurity.
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Fortinet competitors
| Company Name | Founded Date | Revenue | Employee Size | Job Openings |
|---|---|---|---|---|
| Juniper Networks | 1996 | $5.1B | 9,400 | 121 |
| Proofpoint | 2002 | $1.1B | 3,368 | 204 |
| FireEye | 2004 | $831.0M | 3,000 | - |
| WatchGuard Technologies | 1996 | $100.0M | 500 | 18 |
| Barracuda Networks | 2003 | $352.7M | 1,490 | 30 |
| Palo Alto Networks | 2005 | $8.0B | 11,098 | 907 |
| SolarWinds | 1999 | $796.9M | 2,300 | 26 |
| Netgear | 1996 | $673.8M | 1,008 | 6 |
| Verisign | 1995 | $1.6B | 1,019 | 27 |
| The Tipping Point | - | $19.0M | 750 | 3 |
Fortinet history FAQs
Zippia gives an in-depth look into the details of Fortinet, including salaries, political affiliations, employee data, and more, in order to inform job seekers about Fortinet. The employee data is based on information from people who have self-reported their past or current employments at Fortinet. The data on this page is also based on data sources collected from public and open data sources on the Internet and other locations, as well as proprietary data we licensed from other companies. Sources of data may include, but are not limited to, the BLS, company filings, estimates based on those filings, H1B filings, and other public and private datasets. While we have made attempts to ensure that the information displayed are correct, Zippia is not responsible for any errors or omissions or for the results obtained from the use of this information. None of the information on this page has been provided or approved by Fortinet. The data presented on this page does not represent the view of Fortinet and its employees or that of Zippia.
Fortinet may also be known as or be related to Fortinet, Fortinet Inc and Fortinet, Inc.