Fortinet Sets Up Research & Development Center in Singapore

Extends Leading Network Security Vendor's Innovation Efforts to
Protect Enterprises Amid an Environment of Escalating Cyber Threats 
SUNNYVALE, CA -- (Marketwired) -- 08/26/14 --  Fortinet(R) (NASDAQ:
FTNT) -- a global leader in high-performance network security --
today announced that it plans to establish a regional centre in
Singapore this year to conduct network security research and
development, and help extend its innovation lead in the marketplace
to better protect enterprises and service providers amidst escalating
cyber security threats. Along with the setting up of this R&D
facility, Fortinet intends to leverage local high-quality talent to
boost its regional technical support, marketing, finance and legal
employee base in Singapore. 
To be located in Fortinet's Asia Pacific headquarters at Beach Road,
this centre will house security research and development
professionals to extend collaboration on threat intelligence and
provide emergency threat response to customers. The facility will
complement and extend Fortinet's existing R&D centers, including
FortiGuard Labs, primarily located in the US and Canada. The company
also expects those additional resources to help support Fortinet's
growth. The compa
ny increased its billings by 33 percent
year-over-year in Q2 2014 and is recognized as the no. 2 network
security appliances vendor by factory revenue market share in Asia
Pacific, according to data from IDC's quarterly network security
appliances tracker.  
"The Singapore government's vision to make the republic a
cybersecurity business and research hub drew us to set up an R&D base
here," said Michael Xie, Fortinet's Founder, President and CTO. "The
abundance of well-trained IT professionals here gives us ready access
to a deep talent pool, while the country's strong cybersecurity
ecosystem and regional hub status gives us synergy and immediate
connectivity to fast growing Asia Pacific markets." 
EDB encourages firms to use Singapore as a base for conducting
headquarters management activities to oversee, manage and control
their global and regional operations. Through its program, EDB aims
to increase the breadth, depth and diversity of Singapore's economic
activity. Fortinet is taking advantage of EDB's support to boost its
presence in Singapore through the establishment of its R&D center. 
Mr. Kiren Kumar, Director of the Infocomms and Media Division at the
Singapore Economic Development Board, said: "We warmly welcome
Fortinet's decision to establish its network security R&D Centre in
Singapore. Fortinet is a well respected innovator and worldwide
leader in network security, and its decision to 
invest in its
presence in Singapore offers strong validation of Singapore's growing
position as a regional hub for cybersecurity solutions in Asia
Pacific. Cybersecurity companies like Fortinet can leverage
Singapore's strong connectivity to regional markets and access to a
diverse talent pool to develop new capabilities that help their
customers navigate a rapidly evolving cyber threat landscape." 
About Fortinet
 Fortinet (NASDAQ: FTNT) helps protect networks, users
and data from continually evolving threats. As a global leader in
high-performance network security, we enable businesses and
governments to consolidate and integrate stand-alone technologies
without suffering performance penalties. Unlike costly, inflexible
and low-performance alternatives, Fortinet solutions empower
customers to embrace new technologies and business opportunities
while protecting essential systems and content. Learn more at
www.fortinet.com. 
Copyright Copyright 2014 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, FortiRe
sponse, 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, Fortinet reserves the right to, and may,
change its plans at any time without notice in its sole and absolute
discretion, and performance and other specification information
herein may be unique to certain environments. This news release
contains forward-looking statements that involve uncertainties and
assumptions, such as statements regarding Fortinet's intentions
related to its current and future activities in Singapore. Changes of
circumstances, a change of plans in Fortinet's sole and absolute
discretion, product release delays, or other risks as stated in our
filings with the Securities and Exchange Commission, located at
www.sec.gov, may cause results to differ materially from those
expressed or implied in this press release. If the uncertainties
materialize or the assumptions prove incorrect, results may differ
materially from those expressed or implied by such forward-looking
statements and assumptions. All statements other than statements of
historical fact are statements that could be deemed forward-looking
statements. Fortinet assumes no obligation to update any
forward-looking statements, and expressly disclaims any obligation to
update these forward-looking statements. 
FTNT-O 
Media Contact:  
Media Contact
Chris McKie
Fortinet, Inc. 
408-630-9843
cmckie@fortinet.com 
Investor Relations Contact
Michelle Spolver
Fortinet, Inc.
408-486-7837
mspolver@fortinet.com 
 
 
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