SUNNYVALE, Calif., June 04, 2018 (GLOBE NEWSWIRE) --
Ken Xie, founder, chairman of the board and chief executive officer, Fortinet
“As large organizations continue to see high growth in network traffic and the number of devices and users accessing
their networks, the risk of breach increases exponentially. According to a recent Forrester study, 82 percent of companies
surveyed are unable to even identify all devices accessing their networks. The integration of Bradford Networks’ technology with
Fortinet’s Security Fabric provides large enterprises with the continuous visibility, micro-segmentation and access control
technology they need to contain threats and block untrusted devices from accessing the network.”
News Summary
Fortinet (NASDAQ:FTNT), a global leader in broad, integrated and automated cybersecurity
solutions, today completed the acquisition of Bradford Networks, further enhancing the Fortinet Security Fabric by converging access control and IoT security solutions to provide
large enterprise with broader visibility and security for their complex networks including:
- Complete, continuous, agentless visibility of endpoints, users, trusted and untrusted devices and applications accessing the
network including IoT and headless devices.
- Enhanced IoT security through device micro segmentation, dynamic classification of headless devices by type, profile, as well
as automatic policy assignment to enable granular isolation of unsecure devices, all using a simple web user interface.
- Accurate event triage and threat containment in seconds through automated workflow integrations that prevent lateral
movement.
- Easy, cost-effective deployment due to highly scalable architecture that eliminates deployment at every location of a
multi-site installation.
Widely recognized by Gartner and Forrester, Bradford Networks has won numerous awards and is trusted by large enterprises
worldwide to protect and defend against threats from the ever-increasing digital attack surface.
Rob Scott, chief executive officer, Bradford Networks
“We are excited to join with Fortinet, the leader in network security, to deliver exceptional visibility and security at scale to
large enterprise organizations. Bradford Networks’ technology is already integrated with Fortinet’s Security Fabric including
FortiGate, FortiSIEM, FortiSwitch and FortiAP products to minimize the risk and impact of cyber threats in even the toughest
security environments such as critical infrastructure - power, oil and gas and manufacturing.”
Fortinet does not expect the transaction to have a material impact on the Company’s second quarter or full year 2018 financial
guidance disclosed on May 3, 2018.
Additional Resources
About Fortinet
Fortinet (NASDAQ:FTNT) secures the largest enterprise, service provider, and government organizations around the world. Fortinet
empowers its customers with intelligent, seamless protection across the expanding attack surface and the power to take on
ever-increasing performance requirements of the borderless network - today and into the future. Only the Fortinet Security Fabric
architecture can deliver security features without compromise to address the most critical security challenges, whether in
networked, application, cloud or mobile environments. Fortinet ranks #1 in the most security appliances shipped worldwide and more
than 350,000 customers trust Fortinet to protect their businesses. Learn more at http://www.fortinet.com, the Fortinet Blog, or FortiGuard Labs.
About Bradford Networks
Bradford Networks is recognized as a pioneer of network security for almost two decades. Today, the company’s next-generation
network access control solutions play a critical role in securing BYOD, IoT and endpoint devices. The company’s
patented, award-winning Network Sentry solution enables discovery of every endpoint and network infrastructure device,
provides contextual awareness for implementing dynamic network access control, and drives the ability to contain a cyber breach
through automated threat response. Network Sentry leverages its SmartEdge Platform to easily integrate with customers'
existing third-party networking, security, directory and mobility products to minimize the risk of unauthorized access to corporate
assets and intellectual property, thereby reducing the impact, time, and costs of containing cyber threats. Bradford Networks’
solutions are proven – utilized in more than 1000 enterprise companies worldwide across many market sectors, including
education, energy and utilities, finance, hospitality, government and defense, healthcare, manufacturing and retail, and many
others. For more information, please visit www.bradfordnetworks.com.
Copyright © 2018 Fortinet, Inc. All rights reserved. The symbols ® and ™ denote respectively federally registered trademarks and
common law trademarks of Fortinet, Inc., its subsidiaries and affiliates. Fortinet's trademarks include, but are not limited to,
the following: Fortinet, FortiGate, FortiGuard, FortiCare, FortiManager, FortiAnalyzer, FortiOS, FortiASIC, FortiMail, FortiClient,
FortiSIEM, FortiSandbox, FortiWiFi, FortiAP, FortiSwitch, FortiWeb, FortiADC, FortiWAN, and FortiCloud. 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, contract, binding specification or other binding commitment by Fortinet or any indication of
intent related to a binding commitment, 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 the
benefits of the acquisition of Bradford Networks, the integration plans of the Bradford products and services, plans regarding new
products and services, and others. Changes of circumstances, product release delays and changes in product plans, execution risks,
integration risks and other risks associated with acquisitions in general, and 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.
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