Fortinet, Inc.
Explore Fortinet
Core profile pages, annual revenue records, and related research hubs for this company.
Fortinet, Inc.
Explore Fortinet
Core profile pages, annual revenue records, and related research hubs for this company.
Company History
Founded 2000 in Sunnyvale, California
Fortinet began as Ken Xie and Michael Xie's second major act in network security after Ken Xie's earlier NetScreen experience. The founding insight was that enterprise networks were becoming too fast and too complex for security tools that relied only on general-purpose processing. Fortinet built FortiGate appliances and FortiOS around purpose-built security processing, then expanded that base into FortiGuard subscriptions, secure networking, SASE, cloud security, and security operations. The company is now less a single firewall vendor than a cybersecurity platform built on an installed base of high-performance network-security devices.
Ken Xie founded Fortinet in 2000 and remains chairman and CEO. His strategic contribution is the combination of ASIC-backed performance, FortiOS, channel distribution, and an integrated Security Fabric model.
Michael Xie helped build Fortinet's engineering culture and product architecture, supporting the company's expansion from FortiGate firewalls into a broader cybersecurity platform.
Ken Xie and Michael Xie founded Fortinet to build high-performance network security products.
The FortiGate appliance family established Fortinet's firewall-led product identity.
Fortinet went public, giving the company access to capital for global enterprise expansion.
Fortinet broadened from firewalls into integrated secure networking, endpoint, cloud, and operations products.
Fortinet accelerated cloud-delivered SASE, SD-WAN, and security operations offerings.
FY2025 service revenue reached $4.5812B, or 67 percent of total revenue.
To strengthen Fortinet's cloud-native application protection and cloud-security platform capabilities.
To add cloud-native data-loss prevention and insider-risk capabilities to Fortinet's SASE and endpoint-security strategy.
To add cloud-delivered SASE and zero-trust network access capabilities.
Fortinet, Inc. was founded in 2000.
Fortinet's defining turns came when its core model had to adapt to new technology, market structure, and customer economics.
Fortinet grew by expanding its core Cybersecurity and network security model, adding adjacent products, and building operating scale.