Fortinet vs Visa: Founders, CEOs and History
Fortinet was founded in 2000 by Ken Xie, Michael Xie and is led by Ken Xie. Visa was founded in 1958 by Dee Hock and is led by Ryan McInerney.
Company facts
Founders
Fortinet
Ken Xie
Ken Xie co-founded Fortinet in 2000 with his brother Michael and has led it as Chairman and CEO since. Before Fortinet he co-founded NetScreen Technologies, a hardware-accelerated firewall company that Juniper Networks acquired in 2004 for about $4 billion.
Michael Xie
Michael Xie co-founded Fortinet with his brother Ken Xie in 2000 and serves as President and Chief Technology Officer. He oversees engineering, including the FortiOS operating system and the FortiASIC processors that accelerate FortiGate firewalls.
Visa
Dee Hock
Dee Hock (1929-2022) was the founding CEO of National BankAmericard Inc., the bank-owned company that took over the BankAmericard licensing system from Bank of America in 1970 and adopted the Visa name in 1976.
CEOs and their tenures
Fortinet
- Ken Xie2000–present
Founder, Chairman and Chief Executive Officer
Xie is widely recognized as one of the most successful and enduring pioneers of the modern cybersecurity industry.
Source - Michael Xie2000–present
Co-Founder, President and Chief Technology Officer
Co-founded Fortinet with his brother Ken Xie in 2000 and has served as President and CTO, directing engineering and the custom silicon that differentiates FortiGate.
Source - Christiane Ohlgart2023–present
Chief Financial Officer
Serving as interim CFO, she steered the company through a severe, highly volatile period of plunging hardware sales, aggressively pushing the company's transition toward higher-margin software and services revenue.
Source
Visa
- Alfred F. Kelly Jr.2016–2023
Chief Executive Officer
Serving as CEO from 2016 to 2023, he heavily modernized the massive legacy network, aggressively integrating fintechs and preparing the network to process highly complex cryptocurrency transactions.
Source - Ryan McInerney2023–present
Chief Executive Officer
McInerney joined Visa in 2013 as president after senior roles at JPMorgan Chase and became chief executive on February 1, 2023, succeeding Alfred F. Kelly Jr.
Source
Timeline: Fortinet and Visa side by side
1958Visa
BankAmericard launched
Bank of America launched BankAmericard, the direct predecessor to Visa.
1976Visa
Visa name adopted
The network adopted the Visa name to support international acceptance and brand consistency.
2000Fortinet
Fortinet Founded
Ken Xie and Michael Xie founded Fortinet to build high-performance network security products.
2002Fortinet
FortiGate Launch
The FortiGate appliance family established Fortinet's firewall-led product identity.
2008Visa
Visa IPO
Visa became a public company, changing the economics from a bank association structure to a shareholder-owned company.
2009Fortinet
IPO
Fortinet went public, giving the company access to capital for global enterprise expansion.
2012Fortinet
Acquired XDN
Fortinet acquired XDN. Fortinet acquired XDN in 2012.
2013Fortinet
Acquired Coyote Point
Fortinet acquired Coyote Point. Fortinet acquired Coyote Point in 2013.
2015Fortinet
Acquired Meru Networks
Fortinet acquired Meru Networks. Fortinet acquired Meru Networks in 2015.
2016Visa
Alfred F. Kelly Jr. becomes CEO
Alfred F. Kelly Jr. became CEO of Visa in 2016. Chief executive of Visa from December 2016 to January 2023, when Ryan McInerney succeeded him; Kelly then served as executive chairman.
2019Fortinet
Security Fabric Expansion
Fortinet broadened from firewalls into integrated secure networking, endpoint, cloud, and operations products.
2020Visa
Acquired Plaid (abandoned)
Visa acquired Plaid (abandoned) for $5.3 billion. Visa agreed in January 2020 to buy US data-connectivity fintech Plaid for USD 5.3 billion.
2022Visa
Tink acquisition
Visa completed its purchase of Stockholm-based open banking platform Tink in March 2022.
2023Visa
Ryan McInerney becomes CEO
Ryan McInerney became Visa's CEO after serving as president.
2024Fortinet
Lacework and Next DLP Acquisitions
Fortinet bought cloud-security firm Lacework and data-loss-prevention vendor Next DLP.
2025Fortinet
Service Revenue Reaches Two-Thirds of Sales
FY2025 service revenue reached $4.5812B, or 67 percent of total revenue.
2025Visa
Revenue reaches $40.0B
Visa reported $40.0 billion in fiscal 2025 net revenue.
2026Fortinet
Refresh-Driven Acceleration
Q2 2026 revenue rose 26% to $2.05B and 2026 revenue guidance was raised to $8.02-$8.18B.
Acquisitions
Fortinet
- Everest2025Undisclosed
- Lacework2024Undisclosed
- Next DLP2024Undisclosed
- ShieldX2021Undisclosed
- Sken.Ai2021Undisclosed
- OPAQ Networks2020Undisclosed
Questions about Fortinet vs Visa
Who is the CEO of Fortinet, Inc. and Visa Inc.?
Fortinet, Inc. is led by Ken Xie and Visa Inc. is led by Ryan McInerney. Both serve as the top executive responsible for the company's strategy, operations, and financial performance.
When was Fortinet, Inc. founded vs Visa Inc.?
Visa Inc. was founded in 1958 — 42 years before Fortinet, Inc., which was founded in 2000. Visa Inc.'s longer operating history gives it a deeper track record but also potentially more institutional inertia compared to the younger Fortinet, Inc..
How many employees does Fortinet, Inc. have compared to Visa Inc.?
Fortinet, Inc. employs approximately 15,109 people, while Visa Inc. employs approximately 34,100. Visa Inc. has the larger workforce at 34,100 employees, compared to Fortinet, Inc.'s 15,109. A higher headcount does not necessarily imply greater efficiency — it often reflects differences in business model (e.g., manufacturing vs. software).
Where are Fortinet, Inc. and Visa Inc. headquartered?
Both Fortinet, Inc. and Visa Inc. are headquartered in United States, meaning they operate under the same primary regulatory and tax environment.
Who founded Fortinet, Inc. and Visa Inc.?
Fortinet, Inc. was founded by Ken Xie, Michael Xie. Visa Inc. was founded by Dee Hock.
Which company has a longer operating history — Fortinet, Inc. or Visa Inc.?
Visa Inc. has been operating for approximately 68 years, making it the more established of the two companies. Fortinet, Inc. has been in operation for around 26 years. A longer operating history often signals greater institutional resilience and brand recognition, though it can also mean slower adaptation to new market conditions.
Figures come from each company's filings and the sources linked beside them. Amounts reported in another currency are shown in US dollars at an approximate rate and marked with ~. Back to the Fortinet vs Visa overview