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Fortinet was founded in 2000 by brothers Ken and Michael Xie. By 2004, the company had raised $93 million in capital and introduced ten different FortiGate appliances. In the same year, periodic patent disputes began to arise between Fortinet and Trend Micro. In 2009, the company went public and raised $156 million through an initial public offering.
Fortinet is a recognized leader in the unified threat management (UTM) market and a global manufacturer of multifunctional network security appliances.