iTWire – Fortinet sharpens business focus on core growth areas to extend leadership position and drive continued innovation in cybersecurity
Fortinet®, the global cybersecurity leader driving the convergence of networking and security, has announced that it is sharpening its business focus to prioritise high-growth, differentiated markets. The company’s research & development (R&D) and go-to-market (GTM) strategy will be organised around three markets: secure networking, universal secure access service edge (SASE), and security operations. This evolution underscores and reaffirms the company’s commitment to providing value to its customers and fostering a culture of innovation.
Ken Xie, founder, chairman of the board, and chief executive officer, Fortinet, said, “Throughout our over 20-year history, Fortinet’s commitment to continual evolution has enabled us to remain at the forefront of innovation that supports our customers in safeguarding their infrastructure and data.
“Throughout this time, our founding principles of converging networking and security and consolidating point products into an integrated platform continue to reverberate across today’s cybersecurity market. Looking forward, we are confident that this is the right time to focus our operations on secure networking, universal SASE, and security operations.”
Fortinet’s existing portfolio of integrated and organically developed products and services has a distinct competitive advantage in these three critical markets, making technology the cornerstone of this strategic shift.
Fortinet is uniquely positioned to deliver secure networking, universal SASE, and security operations solutions as integrated platforms underpinned by AI-driven technologies, unified management, leading threat intelligence, and one of the largest open ecosystems in the industry.
Operational technology (OT) systems differ significantly from traditional IT systems; with that in mind, Fortinet will also continue to deliver OT-aware security capabilities across all three areas, as well as provide OT-specific InfoSec tools, threat intelligence, and integration with third-party OT solutions to reduce risk and effectively secure OT environments.
In connection with re-focusing its technology investments, Fortinet will continue to drive its industry-leading innovation engine through a culture that encourages and rewards innovative thinking. This approach has already resulted in 949 U.S. industry patents—over two times more than the next closest cybersecurity competitor. Strategic shifts in Fortinet’s R&D investments have already resulted in the following major product launches and enhancements in 2023:
Fortinet’s investments in R&D are complemented by strategic shifts in its GTM investments that will also be centred around secure networking, universal SASE, and security operations. Sales will be organised around these three strategic areas, enabled by training and marketing support, to ensure enhanced market penetration and improved customer engagement.
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About Fortinet
Fortinet (NASDAQ: FTNT) is a driving force in the evolution of cybersecurity and the convergence of networking and security. Our mission is to secure people, devices, and data everywhere, and today we deliver cybersecurity everywhere you need it with the largest integrated portfolio of over 50 enterprise-grade products. Well over half a million customers trust Fortinet’s solutions, which are among the most deployed, most patented, and most validated in the industry. The Fortinet Training Institute, one of the largest and broadest training programs in the industry, is dedicated to making cybersecurity training and new career opportunities available to everyone. FortiGuard Labs, Fortinet’s elite threat intel ligence and research organisation, develops and utilises leading-edge machine learning and AI technologies to provide customers with timely and consistently top-rated protection and actionable threat intelligence. Learn more at https://www.fortinet.com, the Fortinet blog, and FortiGuard Labs.