Fortinet - M&A Summary and Business Overview

Information TechnologyCompany

Fortinet M&A Summary

Fortinet has acquired 13 companies, including 3 in the last 5 years. A total of 4 acquisitions came from private equity firms.

Fortinet’s largest acquisition to date was in 2015, when it acquired Meru Networks for $44M. Fortinet has acquired in 4 different US states, and 2 countries. The Company’s most targeted sectors include information technology (34%) and internet software and services (34%).

Fortinet Business Overview

Where is Fortinet headquartered?

Fortinet is headquartered in Sunnyvale, California.

What is Fortinet’s revenue?

Fortinet disclosed revenue of 4,417M USD for 2022 and 3,342M USD for 2021.

How many employees does Fortinet have?

Fortinet has 12,595 employees.

What sector is Fortinet in?

Fortinet is an information technology company.

When was Fortinet founded?

Fortinet was founded in 2000.

M&A Summary

  • M&A Total Activity12
    • M&A Buy Activity12
  • Total Sectors Invested 4
  • Total Countries Invested 2
  • M&A Buy/Sell Connections 4

Fortinet

Fortinet, Inc.

899 Kifer Road,
Sunnyvale, California 94086
United States,
(408) 235-7700
www.fortinet.com

Fortinet provides network security appliances and unified threat management network security solutions. Fortinet was founded in 2000 and is based in Sunnyvale, California.


M&A Summary

Buy vs Sell

Year ≤ '19 '20 '21 '22 '23 '24 T
Buy (0.4/yr) # 10 2 - - - - 12
vol $44M $44M
Sell (0.0/yr) # - - - - - - 0
  12

Most Recent M&A

Company Date Value Type
Panopta LLC 2020-12-08 - Add-on Acquisition
Chicago, Illinois · www.panopta.com
OPAQ Networks, Inc. 2020-08-20 - Add-on Acquisition
Herndon, Virginia · www.opaqnetworks.com
CyberSponse, Inc. 2019-12-12 - Add-on Acquisition
Arlington, Virginia · www.cybersponse.com
Bradford Networks, Inc. 2018-06-04 - Add-on Acquisition
Cambridge, Massachusetts · www.bradfordnetworks.com
AccelOps, Inc. 2016-06-07 - Add-on Acquisition
Santa Clara, California · www.accelops.com
Meru Networks, Inc. 2015-07-08 44M USD Add-on Acquisition
Sunnyvale, California · www.merunetworks.com
Coyote Point Systems, Inc. 2013-03-22 - Add-on Acquisition
San Jose, California · www.coyotepoint.com
XDN, Inc. 2012-12-07 - Add-on Acquisition
San Mateo, California
IntruGuard Devices, Inc. 2012-03-08 - Add-on Acquisition
Sunnyvale, California · www.intruguard.com
TalkSwitch 2011-04-27 - Add-on Acquisition
Ottawa, Ontario · www.talkswitch.com
View All >>

M&A by Sector

Sector Buy # Value Sell # Value
Information Technology 4 (33%) 44M (100%) - -
Internet Software and Services 4 (33%) - - -
Technology Hardware 3 (25%) - - -
Software 1 (8%) - - -
Total 12 $44M - -

By Geo

State/Country Buy Value Sell Value
United States 11 44M - -
  California 6 44M - -
  Virginia 3 - - -
  Massachusetts 1 - - -
  Illinois 1 - - -
Canada 1 - - -
  Ontario 1 - - -
Domestic 11 (92%) 44M (100%) - -
Cross-border 1 (8%) - - -
Total 12 $44M - -

Deal Values

buy # Total
< $100M 1 $44M
TOTAL $44M
Largest Meru Networks, Inc.
$44M (2015-07-08)

M&A Connections

Deals
Acquired from
Investor(s)
25%
3 (25%)

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