SAN FRANCISCO -- Security vendor Fortinet Inc. is gearing up to file for an IPO later in 2005, one of the companys top execs revealed to NDCF at the RSA Conference in San Francisco.
Were on track to file for IPO later this year, says Richard Hanke, the companys VP of product management. This is likely to happen sometime in the second half of the year, he adds.
Although not exactly on a par with Brad and Jens marital status, there has been plenty of speculation about Fortinets future plans. Over the last few years the company has earned a reputation as one of the hottest vendors in the security space (see Top Ten Private Companies).
Even as the technology sector emerges from a period of economic slowdown, cash has hardly been a problem for the Sunnyvale, Calif.-based vendor. Fortinet raised $30 million in August 2003 and came right back for another $50 million in March 2004, bringing the firms total funding to $93 million (see Fortinet Score $30M Funding Round and Fortinet's Money Machine Rolls On).
Fortinet's flagship product is FortiGate, a sort of security "god box" which combines hardware-based firewalls with VPN support, intrusion detection, and purpose-built ASICs.
With the move to the cloud, CISOs must shift priorities from operating security programs to overseeing (monitoring and auditing) outsourced cybersecurity programs.
2022 was a boon year for IT salaries. 2023 came in like a beast with layoffs, raise freezes, and ChatGPT, but that beast has few teeth.
Age is only a number. Don't let a high number cancel your career.
