Archive for the ‘fortinet’ tag
Ending The Drought
Fortinet will end the Drought
So the good news arrives from Sunnyvale CA: Fortinet, Inc., a provider of network security appliances and unified threat management (UTM) solutions, announced that it 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.
This is great news. For our friends working at Fortinet, partners, security vars, VC and anyone who cares about the economy and of course security.
Fortinet is a profitable security vendor. The IPO filling is very encouraging as it represents the first US venture-backed company to submit an IPO filing in more than six months.
I believe that Fortinet’s S-1 filing represents the start of quality security companies IPO filings wave in the coming months which is extremely important in order to improve the overall sentiment for security companies. I believe that since Websense (WBSN) acquisition of PortAuthority Technologies, our industry financiers (ok, the Venture Capitalists) did not see a good return on their investment…
Go get em’