KUALA LUMPUR, 18 April 2015 (Sat): Fortinet has announced that the company has received the Frost & Sullivan 2015 Malaysia Network Security Vendor of the Year award. The prestigious award was presented to Fortinet at the 2015 Frost & Sullivan Malaysia Excellence Awards banquet held yesterday at the Mandarin Oriental in Kuala Lumpur, Malaysia.
The Frost & Sullivan award pays tribute to Fortinet’s market share leadership, product innovation and consistent efforts in delivering exceptional customer service. It also credits Fortinet’s for its breadth of network security solutions and success in acquiring major customers in Malaysia throughout 2014.
An independent panel of eminent judges including industry leaders from across the Malaysian ICT sector, as well as Frost & Sullivan’s ICT analyst team, evaluated the various contenders for this Award based on their revenue and revenue growth, market share and market share growth, product portfolio and key achievements. The network security vendors’ performance were evaluated in the Firewall/IPSec VPN, SSL VPN and IDS/IPS segments.
“Fortinet showed an outstanding performance in the Malaysian network security market last year. The company has made great efforts in providing customers with new technological innovations, demonstrating its strong commitment to help customers mitigate emerging advanced threats and various security challenges,” said Vu Anh Tien, Research Analyst for Networking, Information & Cyber Security, Frost & Sullivan Asia Pacific. “Fortinet’s holistic approach towards its network security solutions helps its customers enjoy a strong security eco-system in a cost-effective manner.”
According to Frost & Sullivan’s network security tracker for hardware + integrated appliances + standalone appliances, Fortinet is the no. 1 network security appliances vendor in Malaysia by factory revenue, with an average market share of 19.8 percent for the whole of 2014.
The Frost & Sullivan’s Malaysia Awards program, now in its 11th edition, acknowledges firms and individuals in a variety of global and regional markets that have pushed the boundaries of excellence, risen above the competition and demonstrated superior performance across Malaysia. Their outstanding achievements are recognized in areas such as revenue and market share growth, leadership, product and technological innovation, major customer acquisitions and market strategy. Industry analysts compare market participants and measure performance through analysis, in-depth interviews, and secondary research.
Dato’ Seri George Chang, Fortinet’s Vice President for Southeast Asia & Hong Kong, said: “We are proud that Frost & Sullivan and IT industry professionals have recognised Fortinet’s exceptional levels of performance, innovation and service. We have invested heavily in Malaysia, setting up a regional support centre, beefing up our R&D and threat intelligence teams, and partnering with government agencies to develop cyber security manpower. We will continue to invest and make Kuala Lumpur a hub of our regional sales and support operations.”