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News

Fortinet applies to go public

Fortinet : 11 August, 2009  (Company News)
Unified threat management system provider has filed for initial public offering
Fortinet, a provider of network security appliances and unified threat management (UTM) solutions, has filed a registration statement on Form S-1 with the Securities and Exchange Commission relating to a proposed initial public offering of its common stock. The shares in the offering will be offered by Fortinet and certain selling stockholders. The number of shares to be offered and the price range for the offering have not been determined.

Morgan Stanley, J P Morgan Securities and Deutsche Bank Securities are acting as joint book-runners for the offering. Robert W. Baird, RBC Capital Markets Corporation, ThinkEquity, JMP Securities and Signal Hill Capital Group are acting as co-managers.

Copies of the preliminary prospectus for the offering, when available, may be obtained from any of Morgan Stanley, Attention: Prospectus Department, 180 Varick Street, New York, NY 10014, or by e-mail; J P Morgan Securities, 4 Chase Metrotech Center, CS Level, Brooklyn, NY, 11245, Telephone: (718) 242-8002; and Deutsche Bank Securities, 100 Plaza One, Jersey City, New Jersey 07311, Telephone: (800) 503-4611.

A registration statement relating to these securities has been filed with the Securities and Exchange Commission but has not yet become effective. These securities may not be sold nor may offers to buy be accepted prior to the time the registration statement becomes effective. This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

Fortinet is a worldwide provider of network security and unified threat management (UTM) solutions. 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 2009 Fortune Global 100. Fortinet is headquartered in Sunnyvale, Calif., with offices around the world.
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