Fortinet(R) to Acquire Coyote Point

Fortinet(R) to Acquire Coyote Point 
Acquisition Further Boosts Fortinet's Presence in Enterprise; Expands
Offerings in ADC (Application Delivery Controller) Market 
SUNNYVALE, CA -- (Marketwire) -- 03/22/13 --  Fortinet(R) (NASDAQ:
FTNT) -- a world leader in high-performance network security -- today
announced that it has entered into a definitive merger agreement to
acquire Coyote Point Systems, Inc., a privately-held leading provider
of enterprise-class application delivery, load balancing and
acceleration solutions.  
"This acquisition complements Fortinet's Network Security strategy
and allows the company and our channel partners to accelerate and
further deliver on our vision of providing complete and comprehensive
security into the enterprise," said Ken Xie, founder, president and
chief executive officer of Fortinet. "Furthermore, we expect this
acquisition will generate synergy among existing Fortinet products,
including our FortiGate(R), FortiBalancer, FortiDDoS and FortiWeb(TM)
platforms." 
"While Coyote Point has built a top class ADC product portfolio and
loyal customer base, there has always been a trade off around
resources," said Bill Kish, CEO and founder of Coyote Point. "We look
forward to being a member of the Fortinet family and the opportunity
to make strategic technology investments in our ADC platform." 
"As more enterprises turn to the cloud, data centers are going to
require higher performance solutions coupled with strong security,"
said John Grady, research manager at IDC. "In this environment,
security and application delivery must work hand-in-hand, to ensure
quality of service while still preventing attacks. This acquisition
places Fortinet in a unique position to deliver on both aspects in
one solution." 
No immediate changes will be made to Coyote Point product offerings,
customer support and channel programs or any existing ADC products
that Fortinet markets. Future products and solution offerings will be
announced upon their availability.  
Coyote Point was founded in 1999 and markets the Equalizer ADC
product line. Terms of the acquisition are not being disclosed; they
are not expected to be material to Fortinet's Q1 operating results. 
Application Delivery Controllers -- the "next-generation of load
balancers"
 Application delivery controll
ers (ADCs) provide functions
that optimize enterprise application environments. The market evolved
from the load-balancing systems that were specifically developed to
ensure the availability and scalability of websites. Enterprises use
ADCs to optimize reliability, end-user performance, data center
resource use and security for a variety of enterprise applications.
According to industry forecasts, the annual end-user spending for
Application Delivery Controllers will exceed $2 billion for 2013. 
As part of Fortinet's FortiBalancer(TM) series, the company currently
offers an array of ADC solutions that serve small enterprises to
carriers and cloud service providers.  
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About Coyote Point
 Coyote Point Systems Inc. is a leader in
application delivery, acceleration and load balancing solutions that
enable IT personnel to have greater control over their web and
application servers. Coyote Point's Equalizer, Equalizer OnDemand,
Envoy and VLB products provide the industry's foremost combination of
performance, affordability and ease of use offering 24/7 server
high-availability, optimized server performance, flexible scalability
and secure application and network access.  
About Fortinet (www.fortinet.com) 
 Fortinet (NASDAQ: FTNT) is a
worldwide provider of network security appliances and a market leader
in unified threat management (UTM). Our products and subscription
services provide broad, integrated and high-performance protection
against dynamic security threats while simplifying the IT security
infrastructure. Our customers include enterprises, service providers
and government entities worldwide, including the majority of the 2012
Fortune Global 100. Fortinet's flagship FortiGate product delivers
ASIC-accelerated performance and integrates multiple layers of
security designed to help protect against application and network
threats. Fortinet's broad product line goes beyond UTM to help secure
the extended enterprise -- from endpoints, to the perimeter and the
core, including databases and applications. Fortinet is headquartered
in Sunnyvale, Calif., with offices around the world.  
Copyright Copyright 2013 Fortinet, Inc. All rights reserved. The
symbols (R) and (TM) denote respectively federally registered
trademarks and unregistered trademarks of Fortinet, Inc., its
subsidiaries and affiliates. Fortinet's trademarks include, but are
not limited to, the following: Fortinet, FortiGate, FortiGuard,
FortiManager, FortiMail, FortiClient, FortiCare, FortiAnalyzer,
FortiReporter, FortiOS, FortiASIC, FortiWiFi, FortiSwitch, FortiVoIP,
FortiBIOS, FortiLog, FortiResponse, FortiCarrier, FortiScan, FortiAP,
FortiDB, FortiVoice and FortiWeb. Other trademarks belong to their
respective owners. Fortinet has not independently verified statements
or certifications herein attributed to third parties, and Fortinet
does not independently endorse such statements. Notwithstanding
anything to the contrary herein, nothing herein constitutes a
warranty, guarantee, binding specification or other binding
commitment by Fortinet, and performance and other specification
information herein may be unique to certain environments.  
Forward-looking Statements 
 This press release contains
forward-looking statements that involve risks and uncertainties.
These forward-looking statements include statements regarding the
potential benefits and synergies of the acquisition and market
opportunities. Although we attempt to be accurate in making
forward-looking statements, it is possible that future circumstances
might differ from the assumptions on which such statements are based.
Important factors that could cause results to differ materially from
the statements herein include the following: general economic risks;
specific economic risks in different geographies and among different
customer segments; unforeseen liabilities; ability to retain
employees and customers of the acquired business; and integration
risks; failure to convert sales pipeline into final sales; risks
associated with successful implem
entation of multiple integrated
software products and other product functionality risks; execution
risks around marketing, new product development and introductions and
innovation; market acceptance of new products and services; risks
associated with management of growth; technological changes that make
our products and services less competitive; competition and pricing
pressure; and the other risk factors set forth from time to time in
our most recent Annual Report on Form 10-K, our most recent Quarterly
Report on Form 10-Q and our other filings with the SEC, copies of
which are available free of charge at the SEC's website at
www.sec.gov or upon request from our investor relations department.
All forward-looking statements herein reflect our opinions only as of
the date of this release, and we undertake no obligation, and
expressly disclaim any obligation, to update forward-looking
statements herein in light of new information or future events. 
FTNT-O 
Media Contact:
Rick Popko
Fortinet, Inc. 
408-486-7853
rpopko@fortinet.com 
Investor Contact:
Michelle Spolver
Fortinet, Inc.
408-486-7837
mspolver@fortinet.com 
 
 
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