Expansion to New Building Reflects Company's Growth and Increased Demand for its High Performance Network Security Platforms
SUNNYVALE, Calif., March 14, 2014 – Fortinet® (NASDAQ: FTNT) - a global leader in high-performance network security, today announced that the company has moved its global headquarters to a new and larger 150,000+ square foot facility in Sunnyvale, California. The move reflects Fortinet's expansive growth, fueled by the growing demand for its high performance network security platforms.
According to industry market research firm IDC, Fortinet is gaining market share and is currently the third largest network security appliance vendor in the world. The company makes high performance network security platforms for a wide variety of businesses, such as large enterprise, carrier and government organizations. Additionally, Fortinet is a recognized innovator for network security and has earned numerous industry awards, including having been named to Deloitte's Technology Fast 500™ for eight consecutive years. Furthermore, the company has been recognized by Frost & Sullivan for Market Penetration, Enterprise Firewalls, and has received a myriad of editorial and third-party awards, including outstanding enterprise-class performance and protection in three NSS Labs’ independent tests for Next-Generation Firewall, Network IPS, and Enterprise Firewall.
As part of the company’s growth, Fortinet has significantly increased its headcount over the last two years. As of December, 2013 Fortinet had 2,263 employees, which represents a 19 percent increase over the last two years.
“We are excited to move our headquarters to this state of the art, environmentally friendly facility in Sunnyvale, the heart of Silicon Valley,” said Ken Xie, founder and CEO of Fortinet. “This move represents years of expansive growth for the company, and with this new facility, Fortinet will have room to add top-notch engineering, operational, sales and marketing talent.”
“Sunnyvale's diverse and thriving business community is one of the foundations of our city's healthy economy,” said Sunnyvale Mayor, Jim Griffith. “We congratulate Fortinet on their new headquarters and are delighted they've chosen to remain and expand here in Sunnyvale.”
Prior to this move, Fortinet’s headquarters were located at 1090 Kifer Road, Sunnyvale, California. The new location, which was purchased by Fortinet, is at 899 Kifer Road, Sunnyvale, and represents the latest in “green” building technology; highlighted by low energy consumption, small carbon footprint, and minimal environmental impact.
In particular, the new Fortinet headquarters leverages the latest in energy conservation technologies, such as auto-dimming light sensors that are integrated with ceiling skylights. As well, the company meets California Title 24 and U.S. Green Building Standard, “Leadership in Energy and Environmental Design” (LEED), which includes the use of low volatile organic compounds throughout the building. Future plans include solar panel integration so that one-third of the power used for the building is self-generated.
Bay Area commuters will appreciate the fact that the new location is also near the Sunnyvale Caltrain station so that employees from Gilroy to San Francisco can easily commute to work. And, to accommodate those with electric cars, the new facility sports multiple electric charging stations.
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.