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Fortinet Recognized for Innovation, Customer Adoption and Market/Investment Potential; Company Founder & CEO to Present CEO Pitch @ Stanford during the AO2005: Innovation Summit
SUNNYVALE, Calif., July 19, 2005
- Fortinet - the pioneer and market leader of Unified Threat Management and only provider of ASIC-accelerated, network-based antivirus firewall systems for real-time network protection
-- today announced it has been chosen by AlwaysOn as one of the Top 100 Private Company award winners. Fortinet was handpicked by the AlwaysOn editorial team based on a set of five criteria - innovation, market potential, customer adoption, media buzz and investor value creation. The AO 100 was selected from over 1,000 companies, peer-nominated by leading venture capitalists, investment bankers and industry analysts. The AO 100 consists of private companies at all stages of development, from early to late stage.
"The AO 100 companies are shaping today's web-driven, connected environment," said Tony Perkins, founder and editor of AlwaysOn. "We were inundated with nominations from leading companies, many of which I hope will appear on our list next year. My congratulations to each AO 100 winner - these are the companies which we predict will have the greatest market traction, strongest innovation and most game-changing approaches this year."
CEO Pitch @ Stanford
Additionally, Fortinet has also been chosen by the AlwaysOn Network to present at the CEO Pitch @ Stanford program, during the AO2005: Innovation Summit being held July 19-21 at Stanford University. Fortinet Founder, President and CEO Ken Xie will present the company's value proposition and continued growth opportunities in the red hot security market on Wednesday, July 20 at 2 p.m.
For the CEO Pitch @ Stanford, companies were evaluated and chosen by the AlwaysOn editorial staff, together with a team from the MIT/Stanford Venture Lab (VLAB) - a joint venture between the MIT Enterprise Forum, the Office of Technology Licensing at Stanford University, and the Alumni Association of the Graduate School of Business. At the AO2005: Innovation Summit, each CEO Pitch will be evaluated by a panel of judges on overall value proposition and market strategy.
Fortinet has gained industry-wide recognition for creating and leading the unified threat management (UTM) security appliance market with its FortiGate systems. The UTM security appliance market is currently the fastest-growing segment of the worldwide security market, according to research firm IDC. Fortinet's award-winning FortiGate systems are ASIC-accelerated integrated network security appliances that deliver real-time complete content protection through the offering of a broad range of best in class security applications - including antivirus, firewall, virtual private networking (VPN), intrusion prevention (IPS), content filtering, traffic shaping, and anti-spam. Fortinet's FortiGate systems are ICSA-certified in five separate security applications, easy to manage and provide cost-effective network-level and content-level protection for enterprises of all sizes.
The AO2005: Innovation Summit will run from July 19-21 at the Frances C. Arrillaga Alumni Center on the Stanford University campus in Palo Alto, California. The event is sponsored by the MIT/Stanford Venture Lab.
About Fortinet (www.fortinet.com)
Fortinet is the confirmed leader of Unified Threat Management market. The company's award-winning FortiGate™ series of ASIC-accelerated antivirus firewalls, winner of the 2004 Security Product of the Year Award from Network Computing Magazine and the 2003 Networking Industry Awards Firewall Product of the Year, are the new generation of real-time network protection systems. They detect and eliminate the most damaging, content-based threats from e-mail and Web traffic such as viruses, worms, intrusions, inappropriate Web content and more in real time - without degrading network performance. FortiGate systems are the only security products that are quadruple-certified by the ICSA (antivirus, firewall, IPSec, NIDS), and deliver a full range of network-level and application-level services in integrated, easily managed platforms. Named to the Red Herring Top 100 Private Companies, Fortinet is privately held and based in Sunnyvale, California.
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