Fortinet CEO: We Expect To Become SD-WAN Market Share Leader
Fortinet CEO Ken Xie says its two biggest competitors got into the SD-WAN space via acquisition, and will therefore be slower going forward when it comes to innovation and responding to market changes. By Michael Novinson February 04, 2021, 06:57 PM EST
Fortinet CEO Ken Xie said the company expects to overtake its two biggest SD-WAN competitors and become the market share leader within a few years.
The Sunnyvale, Calif.-based platform security vendor said its two primary rivals got into the SD-WAN space via acquisition, and will therefore be slower going forward when it comes to innovation and responding to market changes, according to Xie. Fortinet is currently third in SD-WAN market share behind VMware - which bought VeloCloud and Nyansa – and Cisco, which bought Meraki and Viptela.
Operator
Ladies and gentlemen, thank you for standing by, and welcome to the Fortinet Fourth Quarter 2020 Earnings Announcement. [Operator Instructions]
I would now like to hand the conference over to your host today, Peter Salkowski, Vice President of Investor Relations. Please go ahead.
Peter Salkowski
Vice President, Investor Relations
Thank you, Sarah. Good afternoon, everyone. This is Peter Salkowski, Vice President of Investor Relations at Fortinet. I am pleased to welcome everyone to our call to discuss Fortinet s fiscal results for the fourth quarter of 2020. Speakers on today s call are Ken Xie, Fortinet s Founder, Chairman and CEO; and Keith Jensen, our CFO. This is a live call that will be available for replay via webcast on our Investor Relations website.
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