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Fortinet Ranked No. 2 Among Silicon Valley's Fastest Growing Internet, Media & Entertainment and Communications Companies in Deloitte's Technology Fast 50 Program

  • 27 October, 2006 12:56

<p>Attributes Its 7,764 Percent Revenue Growth to Strong Global Adoption of Company's Market-Leading UTM Security Solutions</p>
<p>SYDNEY -- October 27, 2006 -- Fortinet -- the pioneer and leading provider of unified threat management (UTM) solutions -- today announced that it has been ranked as No. 2 in Deloitte's prestigious Technology Fast 50 Program for Silicon Valley, a ranking of the fastest growing technology, media, telecommunications and life sciences companies in the area by Deloitte &amp; Touche USA LLP, one of the nation's leading professional services organizations. Rankings are based on the percentage revenue growth over five years from 2001-2005.</p>
<p>"Sustaining high revenue growth over five years is an exceptional accomplishment. We commend Fortinet for making the commitment to technology and delivering on the promise of market longevity," said Mark Jensen, National Director of the Venture Capital Services Group for Deloitte &amp; Touche LLP. "We are proud to honor Fortinet as a Deloitte Technology Fast 50 winner."</p>
<p>Fortinet's increase in revenues of 7,764 percent from 2001 to 2005 resulted in a No. 2 ranking in the Internet, Media &amp; Entertainment and Communication category of the Technology Fast 50 for Silicon Valley. The average increase in revenues among companies who made the Technology Fast 50 for this region was 1,464 percent. Fortinet was also recently named No. 37 on Deloitte's 2006 Technology Fast 500, a ranking of the 500 fastest growing technology, media, telecommunications and life sciences companies in North America.</p>
<p>"Fortinet's growth over the past five years of 7,764 percent far exceeded that of the majority of private and public technology companies in Silicon Valley, long known to be a global hotbed for technology innovation and entrepreneurism," said Ken Xie, Fortinet founder, president and CEO. "We are honored to again be recognized by Deloitte for our financial success, and remain committed to delivering market-leading solutions that will continue to fuel customer adoption and company growth."</p>
<p>Fast 50 Selection and Qualifying Criteria</p>
<p>To qualify for the Technology Fast 50, companies must have had operating revenues of at least $50,000 in 2001 and $5,000,000 in 2005, be headquartered in North America, and be a company that owns proprietary technology or proprietary intellectual property that contributes to a significant portion of the company's operating revenues; or devotes a significant proportion of revenues to the research and development of technology. Using other companies' technology or intellectual property in a unique way does not qualify.</p>
<p>Winners of the 16 regional Technology Fast 50 programs in the United States and Canada are automatically entered in Deloitte's Technology Fast 500 program, which ranks North America's top 500 fastest growing technology, media, telecommunications and life sciences companies. For more information on Deloitte's Technology Fast 50 or Technology Fast 500 programs, visit www.fast500.com.</p>
<p>This year's Silicon Valley Technology Fast 50 program is co-presented by Deloitte &amp; Touche USA LLP and Silicon Valley Bank, Cooly Godward Kronish LLP, Korn/Ferry International and Porsche Motorsports.</p>
<p>About Deloitte</p>
<p>Deloitte refers to one or more of Deloitte Touche Tohmatsu, a Swiss Verein, its member firms and their respective subsidiaries and affiliates. As a Swiss Verein (association), neither Deloitte Touche Tohmatsu nor any of its member firms has any liability for each other's acts or omissions. Each of the member firms is a separate and independent legal entity operating under the names "Deloitte," "Deloitte &amp; Touche," "Deloitte Touche Tohmatsu" or other related names. Services are provided by the member firms or their subsidiaries or affiliates and not by the Deloitte Touche Tohmatsu Verein.</p>
<p>Deloitte &amp; Touche USA LLP is the US member firm of Deloitte Touche Tohmatsu. In the US, services are provided by the subsidiaries of Deloitte &amp; Touche USA LLP (Deloitte &amp; Touche LLP, Deloitte Consulting LLP, Deloitte Financial Advisory Services LLP, Deloitte Tax LLP and their subsidiaries), and not by Deloitte &amp; Touche USA LLP.</p>
<p>About Fortinet (www.fortinet.com)</p>
<p>Fortinet is the pioneer and market-leading provider of ASIC-accelerated unified threat management systems, which are used by enterprises and service providers to increase their security while reducing total operating costs. Fortinet solutions were built from the ground up to integrate multiple levels of security protection -- including firewall, antivirus, intrusion prevention, VPN, spyware prevention and antispam -- providing customers a way to protect multiple threats as well as blended threats. Leveraging a custom ASIC and unified interface, Fortinet solutions offer advanced security functionality that scales from remote office to chassis-based solutions with integrated management and reporting. Fortinet solutions have won multiple awards around the world and are the only security products that are certified eight times over by the ICSA (firewall, antivirus, IPSec, SSL, IDS, client antivirus detection, cleaning and antispyware). Fortinet is privately held and based in Sunnyvale, California.</p>
<p>Contact</p>
<p>Yvonne Cheong
Fortinet
+65-6838 5226
ycheong@fortinet.com</p>

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