Fortinet Inc

LSE:0IR9

Founded in 2000 by siblings Ken and Michael Xie, Fortinet Inc. emerged from the rapid expansion of the internet and the growing necessity for cybersecurity. As the digital landscape began to flourish, so did the vulnerabilities associated with it. Fortinet distinguished itself by addressing these security needs through its flagship FortiGate firewall and unified threat management system. The company leveraged a distinctive hardware-software fusion, utilizing custom ASIC chips that allowed faster processing speeds and greater efficiency compared to many software-only solutions. This pioneering approach not only differentiated Fortinet from competitors but also laid the groundwork for its expansive suite of security products. Operating at the intersection of technology and security, Fortinet generates its revenue through the sale of these high-performance security appliances and an increasing portfolio of subscription-based cybersecurity services. Its suite of offerings encompasses enterprise-level network security, secure access, and critical data protection both on-premise and via cloud. By continuously updating its threat protection capabilities with real-time intelligence through its FortiGuard Labs, Fortinet ensures that its clients remain shielded from evolving cyber threats. This multifaceted approach allows Fortinet to keep organizations robustly defended in an era where cybersecurity challenges grow more complex by the day. This combination of product sales and recurring revenue from services has fueled Fortinet's consistent growth and its position as a leader in the cybersecurity industry.