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I would like to introduce some unfamiliar companies that may be of some help to your investments.
The company I’m going to introduce is Fortinet$Fortinet(FTNT)$ .
It went public in November 2009.
[Company Profile]
Fortinet is an American multinational corporation, and is headquartered in Sunnyvale, California, founded by brothers Ken Xie and Michael Xie in 2000.
The company develops and sells cybersecurity solutions, such as physical firewalls, antivirus software, intrusion prevention systems, and endpoint security components. Fortinet's first and main product was FortiGate, a physical firewall. The company later added wireless access points, sandbox (computer security), and messaging security.
Fortinet provides broad, integrated, and automated cybersecurity solutions in the Americas, Europe, the Middle East, Africa, and the Asia Pacific.
[History & Events]
In 2000, Ken Xie and his brother Michael Xie co-founded Appligation Inc. The company was renamed ApSecure and later renamed again to Fortinet.
In 2002, Fortinet introduced its first product, FortiGate, ,followed by anti-spam and anti-virus software.
In 2003, Fortinet began distributing its products in Canada and in the UK in February 2004.
In 2005, a German court issued a preliminary injunction against Fortinet's UK subsidiary in relation to source code for its GPL-licensed elements.
In 2008, Fortinet became profitable in the third quarter. Later that year, the company acquired the intellectual property of IPLocks, a database security and auditing company.
In 2009, Fortinet acquired the intellectual property and other assets of Woven Systems, an ethernet switching company.
In 2009, Fortinet had an initial public offering. By the end of the first day of trading, the company had raised $156 million.
In 2010, Fortinet had $324 million in annual revenue and held the largest share of the unified threat management market.
In 2012, Fortinet acquired app-hosting service XDN (formerly known as 3Crowd).
In 2013, Fortinet acquired Coyote Point.
In 2015, Fortinet acquired Wi-Fi hardware company Meru Networks.
In 2016, Fortinet acquired IT security, monitoring and analytics software vendor, AccelOps.
In 2018, Fortinet acquired Bradford Networks, a maker of access control and IoT security solutions.
In 2018, Fortinet acquired ZoneFox, a threat analytics company.
In 2019, Fortinet acquired enSilo and CyberSponse.
In 2020, Fortinet acquired OPAQ Networks. OPAQ is a Secure Access Service Edge (SASE) cloud provider based in Herndon, Virginia.
In 2020, Fortinet acquired automated incident management company Panopta.
In 2021, Fortinet acquired application security company Sken.Ai to offer continuous application security testing.
[Main Business Segments]
[Net Income & Total Revenue]
[Competitors]
Oracle America
ForeScout Technologies
Forcepoint
SonicWALL
Check Point Software$Check Point(CHKP)$
CrowdStrike$CrowdStrike Holdings, Inc.(CRWD)$
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