Fortinet Announces Appointment of Ahmed Rubaie as Chief Financial Officer and Chief Operating Officer

Proven Executive and Former CFO of Ariba Joins Network Security Leader

Marketwired

SUNNYVALE, CA--(Marketwired - Apr 17, 2013) - Fortinet® (NASDAQ: FTNT) -- a leader in high-performance network security -- today announced the appointment of Mr. Ahmed Rubaie as the Company's Chief Financial Officer and Chief Operating Officer. 

Mr. Rubaie is a highly accomplished executive with extensive financial, operational and global business management experience. He most recently served as Executive Vice President and Chief Financial Officer of Ariba Inc., a leading cloud-based business to business commerce company that was acquired by SAP in October 2012. Mr. Rubaie joined Ariba in August 2008, and played a key role on the management team in building a high-growth and highly-profitable recurring global business. He was engaged in all areas of the business and helped contribute to significant growth and an increase in shareholder value, with Ariba's equity market capitalization increasing from approximately $400 million to over $4 billion at the time of the company's sale. 

"Fortinet underwent a diligent and thorough selection process for this important executive management position. It was critical that we identified and hired the right candidate to partner with me as we execute against our strategy to leverage and enhance Fortinet's position as a leading network security company and to achieve our long-term goal of more than $1 billion in annual sales," said Ken Xie, founder, president and CEO of Fortinet. "I couldn't be more pleased that we were able to land an executive with Ahmed's global experience and proven track record of delivering results as a finance and operational leader in technology and multiple other sectors. His accomplishments include driving strong growth and profitability, in addition to scaling large global organizations. Ahmed also brings a very strong passion, leadership experience and integrity to his work, which makes him an ideal fit for Fortinet."

Prior to Ariba, Mr. Rubaie spent nearly eight years at Avery Dennison (NYSE: AVY), a manufacturer of pressure sensitive materials, where he held various senior finance positions, the last one being a global division CFO where he was involved in all aspects of the multi-billion dollar business. Mr. Rubaie also spent nearly six years in various global finance leadership roles at BHP Billiton (NYSE: BHP), a large natural resource company. Prior to his corporate experience, he spent six years in public accounting with both Coopers & Lybrand and Deloitte & Touche. Mr. Rubaie holds a Bachelor of Arts degree in Economics and Management from Albion College and a J.D. degree from University of Detroit School of Law.

"I am very excited to be joining Fortinet at a pivotal point in the company's growth journey," said Mr. Rubaie. "Fortinet has established a strong leadership position in the network security market, and it has a proven track record of success and differentiated innovation. I believe there is a tremendous opportunity for me to leverage my financial and operational executive leadership experience to help the company deliver world-class execution and achieve its short and long-term growth targets." 

About Fortinet (www.fortinet.com)

Fortinet (NASDAQ: FTNT) is a worldwide provider of network security appliances and a market leader in unified threat management (UTM). Our products and subscription services provide broad, integrated and high-performance protection against dynamic security threats while simplifying the IT security infrastructure. Our customers include enterprises, service providers and government entities worldwide, including the majority of the 2012 Fortune Global 100. Fortinet's flagship FortiGate product delivers ASIC-accelerated performance and integrates multiple layers of security designed to help protect against application and network threats. Fortinet's broad product line goes beyond UTM to help secure the extended enterprise -- from endpoints, to the perimeter and the core, including databases and applications. Fortinet is headquartered in Sunnyvale, Calif., with offices around the world.

Copyright © 2013 Fortinet, Inc. All rights reserved. The symbols ® and ™ denote respectively federally registered trademarks and unregistered trademarks of Fortinet, Inc., its subsidiaries and affiliates. Fortinet's trademarks include, but are not limited to, the following: Fortinet, FortiGate, FortiGuard, FortiManager, FortiMail, FortiClient, FortiCare, FortiAnalyzer, FortiReporter, FortiOS, FortiASIC, FortiWiFi, FortiSwitch, FortiVoIP, FortiBIOS, FortiLog, FortiResponse, FortiCarrier, FortiScan, FortiAP, FortiDB, FortiVoice and FortiWeb. Other trademarks belong to their respective owners. Fortinet has not independently verified statements or certifications herein attributed to third parties, and Fortinet does not independently endorse such statements. Notwithstanding anything to the contrary herein, nothing herein constitutes a warranty, guarantee, binding specification or other binding commitment by Fortinet, and performance and other specification information herein may be unique to certain environments. This news release may contain forward-looking statements, including statements regarding Fortinet's future growth, that involve uncertainties and assumptions. Changes of circumstances or other risks as stated in our filings with the Securities and Exchange Commission,including our Annual report on Form 10-K for 2012, located at www.sec.gov, may cause results to differ materially from those expressed or implied in this press release. If the uncertainties materialize or the assumptions prove incorrect, results may differ materially from those expressed or implied by such forward-looking statements and assumptions. All statements other than statements of historical fact are statements that could be deemed forward-looking statements. Fortinet assumes no obligation to update any forward-looking statements, and expressly disclaims any obligation to update these forward-looking statements.

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Contact:
Investor
Michelle Spolver
Fortinet, Inc.
408-486-7837
mspolver@fortinet.com

Media
Chris McKie
Fortinet, Inc.
408-486-5406
cmckie@fortinet.com
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