Fortinet announces IPO

Posted by   Virus Bulletin on   Nov 18, 2009

Gateway specialist releases share price projections.

Security firm Fortinet has announced its floatation on the Nasdaq stock market, the first IT security company to launch an IPO so since late 2007. The initial public offering will consist of shares valued at $156 million, due to begin trading under ticker symbol 'FTNT' today.

The announcement of the 12,500,000 shares being made available breaks a lengthy drought during which many much-anticipated IPOs have been delayed or sidelined. Its success could bring forward the plans of others in the security field to dip their toes into the slowly warming waters of the stock markets.

Fortinet is best known for its UTM products and other gateway appliances, including spam filtering which has become a regular fixture in Virus Bulletin's VBSpam tables. The company's client solution has also been a regular in VB100 testing. The announcement of the IPO is on the company's website here, with more coverage from SC Magazine here, TechWorld here and The Register here,

Posted on 11 November 2009 by Virus Bulletin

twitter.png
fb.png
linkedin.png
hackernews.png
reddit.png

 

Latest posts:

VBSpam tests to be executed under the AMTSO framework

VB is excited to announce that, starting from the Q3 test, all VBSpam tests of email security products will be executed under the AMTSO framework.

In memoriam: Prof. Ross Anderson

We were very sorry to learn of the passing of Professor Ross Anderson a few days ago.

In memoriam: Dr Alan Solomon

We were very sorry to learn of the passing of industry pioneer Dr Alan Solomon earlier this week.

New paper: Nexus Android banking botnet – compromising C&C panels and dissecting mobile AppInjects

In a new paper, researchers Aditya K Sood and Rohit Bansal provide details of a security vulnerability in the Nexus Android botnet C&C panel that was exploited in order to gather threat intelligence, and present a model of mobile AppInjects.

New paper: Collector-stealer: a Russian origin credential and information extractor

In a new paper, F5 researchers Aditya K Sood and Rohit Chaturvedi present a 360 analysis of Collector-stealer, a Russian-origin credential and information extractor.

We have placed cookies on your device in order to improve the functionality of this site, as outlined in our cookies policy. However, you may delete and block all cookies from this site and your use of the site will be unaffected. By continuing to browse this site, you are agreeing to Virus Bulletin's use of data as outlined in our privacy policy.