Fortinet Fortinet Network Security Expert

Fortinet Promotes Cybersecurity schooling by presenting typical access to Its network safety professional lessons | killexams.com Real Questions and Pass4sure dumps

February 13, 2017 09:00 ET | source: Fortinet, Inc.

SAN FRANCISCO, Feb. 13, 2017 (GLOBE NEWSWIRE) -- RSA convention booth #3627

Ken Xie, founder, chairman of the board and chief executive officer at Fortinet“dealing with an more and more adverse chance landscape, businesses are increasing investments in infrastructure protection however struggling to source the more and more infrequent talent needed to implement and function their solutions. As an trade-leader, Fortinet believes it is our accountability to foster the building and carrying on with training of cybersecurity ability and close the cybersecurity talents hole. Opening Fortinet’s network safety knowledgeable software to the public raises access to educational substances and creates new opportunities for latest and future IT safety authorities whose skills may be essential to make sure the continued increase of the digital economic climate.”

news SummaryFortinet® (NASDAQ:FTNT), the global leader in excessive-performance cybersecurity options, these days announced that they are proposing widely wide-spread access to their community security skilled (NSE) practicing and certification software making it commonly obtainable and freed from can charge. With the general public availability of the NSE program, Fortinet is taking a enormous step to interact a brand new technology of aspiring cybersecurity professionals by using featuring a gateway to achieve the enormously desirable and lucrative knowledge in the turning out to be box of IT security. beginning today, Fortinet will present NSE application degree 1 classes to the general public. Fortinet will observe with NSE program levels 2 and 3 in the second quarter of 2017.

Closing the Cybersecurity potential GapRecent studies spotlight a large scarcity of authorities with the cybersecurity capabilities vital to combat the increasing volume and complexity of these days’s possibility landscape. This cybersecurity capabilities hole poses challenges for firms who are unable to fill roles obligatory to preserve their employees, data, investments, and bottom-line against expanding hazards from cyber-attacks.

Fortinet has long championed the trigger to increase awareness, knowing, and potential within the global cybersecurity landscape. Launched in 2015, Fortinet’s NSE application has instantly turn into an industry-general in cybersecurity training and certification that fosters the continuing training of IT security experts global and helps close the cybersecurity skills hole.

confirmed Curriculum for Aspiring Cybersecurity ProfessionalsAs the simple program used to develop and keep the skillsets of Fortinet employees, partners, and conclusion clients, Fortinet’s NSE software makes use of a multi-stage curriculum that progresses from cybersecurity fundamentals and usual context, up to superior security implementation ideas and technical ideas. This application design has resulted in Fortinet issuing over 50,000 NSE certifications globally.

Public demand for Fortinet’s NSE program additionally drove the introduction of Fortinet’s network protection Academy for public, primary, and put up-secondary training institutions. These institutions companion with Fortinet and leverage the NSE curriculum to develop cybersecurity courses presently provided at colleges in 46 entertaining international locations.

NSE 1 covers community safety fundamentals and gives a old context of the cybersecurity market. NSE 2 particulars the core safety options used to handle the challenges outlined in NSE 1. NSE three offers a deeper dive into advanced security items and capabilities used to guard against selected threats and vectors of attack.

supporting quotes

Professor Kris Rosenberg, program Director, counsel technology and Cybersecurity at Oregon Institute of know-how“Oregon Tech’s IT and Cybersecurity degree classes are proud to accomplice with Fortinet as members of the Fortinet community security Academy. Working collectively, we're able to offer our students courses that mix cybersecurity thought and ideas with palms-on lab event and advanced safety solutions that put together them to enter the group of workers as knowledgeable IT and cybersecurity specialists.”

extra supplies

About FortinetFortinet (NASDAQ:FTNT) secures the largest commercial enterprise, provider provider, and executive groups everywhere. Fortinet empowers its purchasers with clever, seamless coverage across the increasing attack surface and the power to tackle ever-expanding performance requirements of the without boundary lines network - today and into the long run. best the Fortinet security fabric structure can deliver safety with out compromise to handle essentially the most critical safety challenges, no matter if in networked, software, cloud or cell environments. Fortinet ranks #1 in the most security appliances shipped global and greater than 300,000 valued clientele trust Fortinet to give protection to their companies. be trained extra at http://www.fortinet.com, the Fortinet weblog, or FortiGuard Labs.    

FTNT-O

Copyright © 2017 Fortinet, Inc. All rights reserved. The symbols ® and ™ denote respectively federally registered logos and unregistered trademarks of Fortinet, Inc., its subsidiaries and affiliates. Fortinet's trademarks include, but don't seem to be restricted to, right here: Fortinet, FortiGate, FortiGuard, FortiManager, FortiMail, FortiClient, FortiCloud, FortiCare, FortiAnalyzer, FortiReporter, FortiOS, FortiASIC, FortiWiFi, FortiSwitch, FortiVoIP, FortiBIOS, FortiLog, FortiResponse, FortiCarrier, FortiScan, FortiAP, FortiDB, FortiVoice and FortiWeb. other trademarks belong to their respective house owners. Fortinet has not independently validated statements or certifications herein attributed to 3rd events and Fortinet does not independently recommend such statements. even though anything else to the contrary herein, nothing herein constitutes a guaranty, assure, binding specification or different binding dedication by way of Fortinet, and performance and different specification assistance herein may well be enjoyable to definite environments. This news unlock carries forward-looking statements that involve uncertainties and assumptions, reminiscent of statements related to technology and functionality releases and free up instances. changes of circumstances, product free up delays or product priority or roadmap changes, or different dangers as pointed out in our filings with the Securities and alternate fee, located at www.sec.gov, could cause effects to vary materially from these expressed or implied in this press liberate. If the uncertainties materialize or the assumptions prove improper, results may also vary materially from those expressed or implied by means of such forward-searching statements and assumptions. All statements other than statements of historic fact are statements that may well be deemed forward-looking statements. Fortinet assumes no responsibility to update any ahead-looking statements, and expressly disclaims any duty to update these forward-looking statements.

 

Media Contact: Dan Mellinger Fortinet, Inc. 415-572-0216 dmellinger@fortinet.com Investor Contact: Kelly Blough Fortinet, Inc. 408-235-7700 x 81612 kblough@fortinet.com Analyst Contact: Ron Davis Fortinet, Inc. 415-806-9892 rdavis@fortinet.com

overview: Fortinet FortiGate–300C | killexams.com Real Questions and Pass4sure dumps

Fortinet’s FortiGate–300C unified probability management system grants standard network safety via a single console. With unlimited consumer licensing, IT managers gained’t ought to worry about what number of people are having access to the community.

benefits

Naturally, IT directors have blended emotions about security technologies. They want the liberty to entry materials both onsite and remotely, but they don’t want their sensitive guidance to be misplaced, stolen or compromised. The FortiGate–300C achieves all of these goals and greater.

The equipment helps each 1.2-gigabits-per-2d IP safety and 200-megabits-per-second secure Sockets Layer VPNs for -far flung entry. traffic shaping permits network directors to prioritize traffic so higher administration in no way feels that the internet is sluggish.

The FortiGate–300C’s web content filtering characteristic, which prevents users from inadvertently infecting their contraptions with malware, can also be adjusted by user or neighborhood. in consequence, IT managers can give managers and body of workers broader entry privileges whereas limiting these of other users.

The facts loss prevention feature scans site visitors going into or popping out of the firewall for definite mixtures of letters or numbers. If the IT branch wants to disallow the transmission of Social security numbers, as an instance, it might probably configure the equipment to look for patterns after which either alert the administrator to their presence or block them altogether.

better of all, Fortinet’s FortiGuard network continuously screens the ever-altering danger landscape and instantly pushes safety updates to the FortiGate–300C.

Why it works for IT

This equipment’s management console is a issue of splendor, delivering every thing from antivirus and Dynamic Host Configuration Protocol to net content filtering and firewall guidelines in one convenient area.

efficiency is governed by using the custom-made FortiASIC content Processor, which could tackle 8Gbps through the firewall and 1 million concurrent periods. community policies will also be configured through eight hardware-accelerated 10/one hundred/1000 switched local area network ports and two non-accelerated ports. Administration is performed through a effortless USB interface or a common serial RJ-forty five connection. The equipment can also characteristic as a part of a highly purchasable cluster, which districts the use of all of its points will most likely admire.

because person licensing is limitless, IT managers don’t should determine how many people are using their corporation’s web connection and then make the dreaded call to the seller to buy extra licenses (or to directors about a budget overrun).

disadvantages

The FortiGate–300C’s one-cease-store approach is attractive. however some IT managers subscribe to the multi-supplier security model, believing that if one vendor doesn’t understand a probability automatically, yet another will, leading to superior coverage.

as a result of Fortinet sizes its UTM home equipment with the aid of throughput, each FortiGate product offers the equal fundamental points; the better fashions can handle extra statistics -transmissions directly. bear in mind that performance will naturally undergo as greater facets are introduced to the appliance.

Fortinet Unveils New community protection skilled Certification program | killexams.com Real Questions and Pass4sure dumps

SUNNYVALE, CA--(Marketwired - Jul 28, 2014) - Fortinet® ( NASDAQ : FTNT ) -- an international leader in excessive-efficiency network security -- today announced a complete new technical certification program, the network security expert (NSE), it is designed to enable companions, shoppers and security gurus to demonstrate talents on the complete range of Fortinet's community safety product choices, whereas assisting them to enhance value and expand into new markets.

"we are glad to unveil the Fortinet network protection knowledgeable certification, representing a new business usual that units the bar even greater for Fortinet's companions, shoppers and employees," pointed out Joe Sykora, vice president of Americas income operations and channels at Fortinet. "we have designed the new certification software to assist enable individuals to enormously expand upon their skills and skills of Fortinet's expansive community safety portfolio, and to more desirable put together them to enter untapped markets."

NSE Certification: setting a brand new average the new, eight-degree certification Fortinet community security skilled certification is designed for all technical professionals interested in independent validation of their network protection capabilities and event. Open to each person, including the total associate neighborhood and a hundred ninety,000+ Fortinet consumers, the new application will permit contributors to utterly leverage the whole thing of its network protection platform and be recognized in the business among an elite group of safety gurus.

Altogether, NSE comprises a big range of self-paced and instructor led courses, in addition to functional, experiential exercises that display mastery of complicated network protection ideas. themes latitude from survey-level courses at the decrease ranges to superior architectural stage area be counted at the high ranges. The time commitment varies based upon route level, with the highest degrees requiring huge journey and study. All of Fortinet's on-line lessons are free to channel partners.

the new NSE program contains newly created content material no longer lined in FCNSA and FCNSP certifications, and over time will eventually replace the existing certifications. Fortinet's present certifications FCNSA and FCNSP will remain in impact for one year following the NSE launch, with complete advantages for individuals. After a yr, individuals may be required to replace their certifications in accordance with the terms of the brand new NSE software.

increasing associate alternatives For channel partners, the new program offers extra lessons and better tiers of certifications which are designed to help them sell extra products and provide higher ranges of assist. amongst different issues, an NSE certification is designed to assist enable Fortinet companions to:

Leverage Fortinet's full latitude of community safety products while consolidating solutions and cutting back chance

Validate community security knowledge and journey

accelerate revenue and the potential to offer new capabilities

display cost and a desire to dwell up thus far with technical advantage to present and future employers

furthermore, the NSE software also presents a couple of tangible merits for partners specific to their degree, which consist of stronger escalation, invitations to NSE-most effective events and public recognition.

Fortinet additionally helps college college students and graduates trying to pursue community or security business professions by working with educational institutions everywhere. Fortinet offers these associations with equipment, subscriptions and curriculum, amongst different issues, which finally helps prepare them to satisfy NSE certification criteria.

"The launch of Fortinet's NSE application gives companions like trade Retail community (IRG) additional supplies to further validate our network security abilities to shoppers," said Mike Luzio, CEO & president of IRG. "This variety of industry-vast focus represents a tangible strategy to exhibit business knowledge, if you want to support deliver a competitive knowledge when approaching new shoppers for each IRG and Fortinet."

The Fortinet NSE talents Fortinet is a number one international company of excessive-efficiency community safety home equipment, serving the vast majority of the Fortune global 500 corporations and boasting greater than 190,000 shoppers worldwide. In 2013, the company surpassed Juniper because the third largest network security business on this planet behind Cisco and assess element, in line with IDC.

For channel companions, service suppliers, and different network safety professionals, the new industry-wide certification recognizes Fortinet's leadership place in network security and the pervasiveness of its items around the world that serve a big and abruptly becoming consumer base starting from distributed places of work to big carriers, information centers and multinational enterprises.

Story Continues

"Certification is an trade-broad validation and testament of technical competencies," spoke of John Grady, application supervisor for IDC's protection items group. "Holders of specialized technical certifications are extra employable and have greater incomes talents than their non-certified counterparts. additional, Fortinet's community security professional certification gives an important differentiator for companions, allowing them to demonstrate a various range of key competencies to better provider current and new shoppers."

the new certification program is currently purchasable. For extra advice, go to http://www.fortinet.com/training/nse.html. 

About Fortinet Fortinet ( NASDAQ : FTNT ) helps offer protection to networks, clients and data from at all times evolving threats. As a world leader in excessive-efficiency community safety, we allow organisations, carrier providers and governments to consolidate and integrate stand-on my own applied sciences with out suffering efficiency penalties. not like costly, inflexible and low-performance alternatives, Fortinet solutions empower valued clientele to embody new applied sciences and business alternatives while holding simple methods and content material. study greater at www.fortinet.com.

Copyright © 2014 Fortinet, Inc. All rights reserved. The symbols ® and ™ denote respectively federally registered emblems and unregistered trademarks of Fortinet, Inc., its subsidiaries and associates. Fortinet's trademarks include, however don't seem to be restrained to, right here: Fortinet, FortiGate, FortiGuard, FortiManager, FortiMail, FortiClient, FortiCare, FortiAnalyzer, FortiReporter, FortiOS, FortiASIC, FortiWiFi, FortiSwitch, FortiVoIP, FortiBIOS, FortiLog, FortiResponse, FortiCarrier, FortiScan, FortiAP, FortiDB, FortiVoice and FortiWeb. different emblems belong to their respective homeowners. Fortinet has now not independently demonstrated statements or certifications herein attributed to third parties, akin to IDC, and Fortinet does not independently propose such statements. despite the fact that anything else to the contrary herein, nothing herein constitutes a guaranty, assure, binding specification or other binding dedication via Fortinet, and performance and different specification counsel herein may be wonderful to definite environments. Nothing during this press liberate should be understood to suggest that patent innovations or different expertise talked about during this press unencumber should be included into Fortinet's items and Fortinet's expressly disclaims any duty to try this. This information liberate may comprise forward-looking statements that contain uncertainties, akin to anticipated merits from Fortinet's new community security expert Certification software. alterations of instances, changes in market and aggressive dynamics, product liberate delays, alterations in product plans and different dangers as stated in our filings with the Securities and change fee, located at www.sec.gov, can cause results to vary materially from these expressed or implied in this press unlock. If the uncertainties materialize show incorrect, effects may fluctuate materially from those expressed or implied via such ahead-searching statements. All statements other than statements of historical fact are statements that may be deemed forward-searching statements. Fortinet assumes no obligation to update any forward-looking statements, and expressly disclaims any obligation to replace ahead-looking statements.

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Fortinet Network Security Expert 4 Written Exam - FortiOS 5.4

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DHI Group, Inc. Announces Third Quarter 2016 Results, Completion of Comprehensive Strategic Review and Intention to Explore Strategic Alternatives | killexams.com real questions and Pass4sure dumps

By PR Newswire

Article Rating:

November 1, 2016 07:00 AM EDT  

NEW YORK, Nov. 1, 2016 /PRNewswire/ --

Company completes extensive business strategy review resulting in renewed focus on tech talent acquisition that will reinvigorate its core tech franchise, broaden its market opportunity, and accelerate next-generation product development, overall enhancing the Company's growth opportunities and shareholder value 

Company to engage, with support of board of directors, an investment bank to explore strategic alternatives that optimize an ownership structure to achieve Company's growth agenda and enhance shareholder value     

Q3 2016 total revenues $56.1 million, Adjusted EBITDA $14.9 million, and net loss $16.8 million

Diluted loss per share of $0.35, including $0.45 loss per share resulting from an estimated non-cash impairment charge of $24.6 million to write-off Rigzone goodwill and intangibles

New Chief Financial Officer, Luc Grégoire, joins the Company

DHI Group, Inc. (NYSE: DHX) ("DHI" or the "Company"), a leading provider of data, insights and employment connections through our specialized services for professional communities in technology and security clearance, financial services, energy, healthcare and hospitality, today reported financial results for the quarter ended September 30, 2016.

"While our industry is still in the throes of a highly disruptive evolution that has impacted our recent performance, the value proposition of talent sourcing solutions for professionals continues to be high, and we are confident about the Company's long-term prospects," said Michael Durney, President and Chief Executive Officer of DHI Group, Inc. "Importantly, we initiated a strategic plan focused on significant opportunities in the tech vertical that we believe will position the Company as a leader in next-generation talent solutions. Also, in light of developments within our industry and our growth agenda, we have decided to explore strategic alternatives to ensure we have an ownership structure that best optimizes shareholder value and the execution of our strategic plan."

Q3 2016 Product and Business Highlights

Next-generation talent acquisition services continue to gain traction with more than 1,300 Dice customers subscribing to Open Web, up 33% year-over-year

New Dice Careers app downloads up, and new users up 113% year-over-year

eFinancialCareers revenue increased 4% year-over-year on a constant currency basis, demonstrating resiliency in the face of Brexit-related uncertainty in the U.K. and Europe, and challenging U.S. market conditions

Company released next version of getTalent with new feature sets, including launch of industry's first mobile candidate pipelining solution

Q3 2016 Financial Highlights

The following summarizes consolidated financial results for the quarters ended September 30, 2016 and 2015 ($ in millions, except per share data) including the impact with and without Slashdot Media, which the Company sold in the first quarter of 2016:

Q3 2016

Q3 2015

YoY % Change

Revenues

$

56.1

$

65.1

(14)%

    Revenues, excluding Slashdot Media (1)

$

56.1

$

61.6

(9)%

Net income (loss) (2) (3)

$

(16.8)

$

6.5

  n.m.

Net income, excluding impairment charge

$

4.9

$

6.5

(25)%

Diluted earnings (loss) per share (3)

$

(0.35)

$

0.12

  n.m.

Diluted earnings per share, excluding impairment charge

$

0.10

$

0.12

(17)%

Adjusted EBITDA (4)

$

14.9

$

19.1

(22)%

Adjusted EBITDA margin (5)

26.6%

29.3%

 

(1) Sale of Slashdot Media completed in Q1 2016.

(2) No material difference between Net income and Net income, excluding Slashdot Media.

(3) Q3 2016 includes an estimated non-cash impairment charge of $24.6 million, or $0.45 per diluted share, to write-off Rigzone goodwill and intangible assets. (4) No material difference between Adjusted EBITDA and Adjusted EBITDA, excluding Slashdot Media.

(5) Adjusted EBITDA margin is computed as Adjusted EBITDA divided by Revenues.

The following summarizes segment Revenues, Adjusted EBITDA and Adjusted EBITDA Margin results for the quarters ended September 30, 2016 and 2015 ($ in millions):

 

Revenues

Adjusted EBITDA

Q32016

Q3

2015

YoY % Change

YoY %Change,Fx Neutral

Q32016

Q3 2016Margin

Q32015

Q3 2015Margin

Tech & Clearance

$

34.0

$

35.7

(5)%

(4)%

$

15.6

46%

$

17.4

49%

Global Industry Group

15.4

18.9

(19)%

(14)%

3.5

23%

4.3

23%

Healthcare

6.7

6.9

(3)%

(3)%

0.5

7%

1.0

14%

Talent Acquisition Brands

56.1

61.5

(9)%

(7)%

19.7

35%

22.6

37%

Corporate

—

—

—%

—%

(3.0)

n.m.

(3.1)

n.m.

Talent Acquisition Brands lessCorporate

56.1

61.5

(9)%

(7)%

16.6

30%

19.6

32%

Brightmatter Group

—

0.1

       n.m.

        n.m.

(1.7)

n.m.

(0.8)

n.m.

Slashdot Media

—

3.5

(100)%

(100)%

0.0

n.m.

0.3

9%

Total

$

56.1

$

65.1

(14)%

(12)%

$

14.9

27%

$

19.1

29%

GIG Revenues by Brand

Q3 2016

Q3 2015

YoY % Change

YoY % Change,Fx Neutral

eFinancialCareers

$

8.8

$

9.3

(6)%

4%

Rigzone

2.1

4.7

(55)%

(54)%

Hcareers

3.6

3.9

(7)%

(7)%

BioSpace

0.8

0.9

(12)%

(12)%

Global Industry Group

$

15.4

$

18.9

(19)%

(14)%

($ in millions)

September 30, 2016

December31, 2015

September30, 2015

YTD 2016 Change

YTD 2015 Change

Deferred revenue (1)

$

82.4

$

83.3

$

81.9

$

(0.9)

$

(3.1)

 

Long-Term Debt, net

$

90.7

$

99.4

$

100.6

$

(8.7)

$

(8.6)

Plus: Deferred financing costs

1.3

1.6

1.0

(0.3)

(0.3)

Total principal outstanding

$

92.0

$

101.0

$

101.6

$

(9.0)

$

(8.9)

Less: Cash

29.4

34.1

33.9

(4.7)

7.1

Net debt

$

62.6

$

67.0

$

67.7

$

(4.4)

$

(16.0)

 

(1) The YTD decrease in deferred revenue primarily reflects a decrease in the Global Industry Group segment of $1.3 million, partially offset by an increase in the Tech & Clearance segment.

Strategic Developments

Earlier this year, the Company engaged in a comprehensive business strategy review that culminated in a renewed focus on providing more value within the tech vertical, which is designed to reinvigorate its technology talent acquisition franchise and fast-track development of next-generation talent acquisition solutions. This strategy, which includes launching new products and services targeting the tech talent recruitment and sourcing market, enhances exposure to the favorable fundamentals of the tech employment vertical to drive improved growth opportunities and shareholder value.

In light of announced and pending transactions in the human capital management industry, the board of directors has also expressed support for the Company to engage an investment bank to explore strategic alternatives to ensure the Company's ownership structure optimizes the Company's ability to achieve its growth agenda and maximize shareholder value. There can be no assurance that the exploration of strategic alternatives will result in a transaction.

"Tech is a large and growing global employment vertical that offers our business significant long term growth opportunities, as today most companies need tech talent to succeed," said Mr. Durney. "We are excited about our strategy to place a stronger focus on tech talent solutions and believe it will serve our shareholders' best interests regardless of prospects for a new ownership structure."

Executive Management Update

The Company announced the appointment of its new Chief Financial Officer, Luc Grégoire, who joined the Company today. Mr. Grégoire comes to the Company from Avepoint, Inc., where he was Chief Financial Officer, and prior to that held senior finance roles with Take-Two Interactive and McGraw Hill, among others, and brings significant experience managing the financial organization for developing and growing SaaS businesses.

Stock Repurchase Program

During the third quarter of 2016, the Company purchased approximately 0.4 million shares of its common stock at an average cost of $6.70 per share for a total cost of approximately $2.7 million.  At September 30, 2016, approximately $22.3 million remained authorized for repurchase under a $50 million plan that expires in December 2016.

Business Outlook

Current Q4 2016 and Full-Year 2016 Business Outlook

($ in millions, except diluted earnings per share)

Q4 2016

FY 2016

Revenues

$54.0 - $55.0

$225.3 - $226.3

Talent acquisition brands Adjusted EBITDA (1)

$18.5 - $19.0

$79.1 - $79.6

Corporate expenses

$3.1 - $3.3

$13.7 - $13.9

Talent acquisition brands Adjusted EBITDA less corporate expenses (1)

$15.4 - $15.8

$65.4 - $65.8

Brightmatter Group Adjusted EBITDA

($2.0) - ($1.9)

($7.2) - ($7.1)

Total Adjusted EBITDA

$13.4 - $13.8

$58.2 - $58.6

Depreciation and amortization

$2.9 - $3.0

$16.6 - $16.7

Non-cash stock compensation expense

$2.4 - $2.5

$10.2 - $10.3

Interest expense, net

$0.7 - $0.8

$3.3 - $3.4

Income tax rate (2)

36% - 37%

150% - 160%

Net income

$4.6 - $4.8

($2.2) - ($2.0)

Net income, excluding impairment charge

$4.6 - $4.8

$19.5 - $19.8

Diluted earnings per share

$0.09 - $0.10

($0.05) - ($0.04)

Diluted earnings per share, excluding impairment charge

$0.09 - $0.10

$0.40 - $0.41

Diluted share count

49 million

49 million

Estimated yearly change in revenue by segment (in US dollars):

Tech & Clearance

(9%) - (8%)

(4.0%) - (3.5%)

Global Industry Group:

eFinancialCareers

(13%) - (11%)

(4%) - (3%)

Rigzone

(57%) - (55%)

(56.0%) - (55.5%)

Hcareers

(7%) - (2%)

(6%) - (5%)

BioSpace

(14%) - (13%)

(14.5%) - (14.0%)

Healthcare

(1%) - 1%

4% - 5%

 

(1) Talent acquisition brands includes the Company's Tech & Clearance, Global Industry Group, and Healthcare segments

(2) Full-year income tax rate is a consequence of the $24.6 million impairment charge with its $2.8 million related tax benefit. Excluding the impairment charge, the full-year income tax rate is estimated at 36%.

Estimated financial performance for 2016 reflects:

Expectation for negative impact to Revenues from currency fluctuations of roughly $1.3 - $1.8 million in Q4 2016 and $3.5 - $4.0 million for FY 2016 relative to the same periods in the prior year, which primarily is reflected in the Global Industry Group segment

Ongoing impact of depressed conditions in the Energy hiring market and strategic business investments primarily in Brightmatter Group

For the full year, excludes Slashdot Media and disposition related and other costs related to the Company's sale of Slashdot Media and to the organizational changes described in the Q1 2016 Earnings Release

Conference Call Information

The Company will host a conference call to discuss third quarter results today at 8:30 a.m. Eastern Time.  Hosting the call will be Michael Durney, President and Chief Executive Officer, and Constance Melrose, Vice President of Corporate Development and Financial Planning & Analysis.

The conference call can be accessed live over the phone by dialing 1-866-777-2509 or for international callers by dialing 1-412-317-5413.  Please ask to be joined to the DHI Group, Inc. call.  A replay will be available one hour after the call and can be accessed by dialing 1-877-344-7529 or 1-412-317-0088 for international callers; the replay passcode is 10094699. The replay will be available until November 8, 2016.

The call will also be webcast live from the Company's website at www.dhigroupinc.com under the Investor Relations section.

Investor Contact

Brendan MetranoVP, Investor RelationsDHI Group, Inc.212-448-4181[email protected]

Media Contact

Rachel CeccarelliDirector, Corporate CommunicationsDHI Group, Inc.212-448-8288[email protected]

About DHI Group, Inc.

DHI Group, Inc. (NYSE: DHX) is a leading provider of data, insights and employment connections through our specialized services for professional communities including technology and security clearance, financial services, energy, healthcare and hospitality. Our mission is to empower professionals and organizations to compete and win through expert insights and relevant employment connections. Employers and recruiters use our websites and services to source and hire the most qualified professionals in select and highly-skilled occupations, while professionals use our websites and services to find the best employment opportunities in and the most timely news and information about their respective areas of expertise. For over 25 years, we have built our company on providing employers and recruiters with efficient access to high-quality, unique professional communities, and offering the professionals in those communities access to highly-relevant career opportunities, news, tools and information. Today, we serve multiple markets located throughout North America, Europe, the Middle East and the Asia Pacific region.

Notes Regarding the Use of Non-GAAP Financial Measures

The Company has provided certain non-GAAP financial information as additional information for its operating results.  These measures are not in accordance with, or an alternative for, generally accepted accounting principles in the United States ("GAAP") and may be different from similarly titled non-GAAP measures reported by other companies.  The Company believes that its presentation of non-GAAP measures, such as adjusted earnings before interest, taxes, depreciation, amortization, non-cash stock based compensation expense, and other non-recurring income or expense ("Adjusted EBITDA"), Adjusted EBITDA excluding Slashdot Media and disposition related and other costs, Revenues excluding Slashdot Media, Net Income excluding Slashdot Media and disposition related and other costs, Net Income excluding impairment charge, Free Cash Flow, Diluted Earnings per Share excluding Slashdot Media and disposition related and other costs, Diluted Earnings per Share excluding impairment charge, and Net Debt, provides useful information to management and investors regarding certain financial and business trends relating to its financial condition and results of operations. In addition, the Company's management uses these measures for reviewing the financial results of the Company and for budgeting and planning purposes.  The Company has provided required reconciliations to the most comparable GAAP measures in the section entitled "Supplemental Information and Non-GAAP Reconciliations."

Adjusted EBITDAAdjusted EBITDA is a non-GAAP metric used by management to measure operating performance.  Management uses Adjusted EBITDA as a performance measure for internal monitoring and planning, including preparation of annual budgets, analyzing investment decisions and evaluating profitability and performance comparisons between us and our competitors.  The Company also uses this measure to calculate amounts of performance based compensation under the senior management incentive bonus program.  Adjusted EBITDA, as defined in our Credit Agreement, represents net income plus (to the extent deducted in calculating such net income) interest expense, income tax expense, depreciation and amortization, non-cash stock option expenses, losses resulting from certain dispositions outside the ordinary course of business, certain writeoffs in connection with indebtedness, impairment charges with respect to long-lived assets, expenses incurred in connection with an equity offering, extraordinary or non-recurring non-cash expenses or losses, transaction costs in connection with the Credit Agreement up to $250,000, deferred revenues written off in connection with acquisition purchase accounting adjustments, writeoff of non-cash stock compensation expense, and business interruption insurance proceeds, minus (to the extent included in calculating such net income) non-cash income or gains, interest income, and any income or gain resulting from certain dispositions outside the ordinary course of business.

We present Adjusted EBITDA as a supplemental performance measure because we believe that this measure provides our board of directors, management and investors with additional information to measure our performance, provide comparisons from period to period and company to company by excluding potential differences caused by variations in capital structures (affecting interest expense) and tax positions (such as the impact on periods or companies of changes in effective tax rates or net operating losses), and to estimate our value.

We also present Adjusted EBITDA because covenants in our Credit Agreement contain ratios based on this measure.  Our Credit Agreement is material to us because it is one of our primary sources of liquidity.  If our Adjusted EBITDA were to decline below certain levels, covenants in our Credit Agreement that are based on Adjusted EBITDA may be violated and could cause a default and acceleration of payment obligations under our Credit Agreement.

Adjusted EBITDA is not a measurement of our financial performance under GAAP and should not be considered as an alternative to net income, operating income or any other performance measures derived in accordance with GAAP as a measure of our profitability.

Adjusted EBITDA Excluding Slashdot Media and disposition related and other costsAdjusted EBITDA excluding Slashdot Media and disposition related and other costs is a non-GAAP metric used by management to measure operating performance. Management uses Adjusted EBITDA excluding Slashdot Media and disposition related and other costs as a measure of our financial performance given our sale of Slashdot Media and disposition related and other costs. Adjusted EBITDA excluding Slashdot Media and disposition related and other costs, represents Adjusted EBITDA defined above, less Slashdot Media EBITDA and disposition related and other costs.

Revenues Excluding Slashdot MediaRevenues excluding Slashdot Media is a non-GAAP metric used by management to measure operating performance.  Revenues excluding Slashdot Media represents Revenues as defined above less Slashdot Media revenue.  We consider Revenues excluding Slashdot Media to be an important measure to evaluate our financial performance given our sale of Slashdot Media.

Net Income Excluding Slashdot Media and disposition related and other costsNet Income excluding Slashdot Media is a non-GAAP metric used by management to measure operating performance. Net Income excluding Slashdot Media and disposition related and other costs is defined as Net Income less Slashdot Media Net Income (Loss) and disposition related and other costs. We consider Net Income excluding Slashdot Media and disposition related and other costs to be an important measure of our financial performance given our sale of Slashdot Media and disposition related and other costs.

Net Income Excluding Impairment ChargeNet Income excluding impairment charge is a non-GAAP metric used by management to measure operating performance. Net Income excluding impairment charge is defined as Net Income less impairment charge, net of income taxes. We consider Net Income excluding impairment charge to be an important measure of our financial performance, as it better reflects the ongoing operations of the Company.

Diluted Earnings per Share Excluding Slashdot Media and disposition related and other costsDiluted earnings per share excluding Slashdot Media and disposition related and other costs is a non-GAAP metric used by management to measure operating performance. Diluted earnings per share excluding Slashdot Media and disposition related and other costs is defined as diluted earnings per share less impact per share of Slashdot Media and disposition related and other costs. We consider diluted earnings per share excluding Slashdot Media and disposition related and other costs to be an important measure of our financial performance.

Diluted Earnings per Share Excluding Impairment ChargeDiluted earnings per share excluding impairment charge is a non-GAAP metric used by management to measure operating performance. Diluted earnings per share excluding impairment charge is defined as diluted earnings (loss) per share less impact per share of impairment charge. We consider diluted earnings per share excluding impairment charge to be an important measure of our financial performance, as it better reflects the ongoing operations of the Company.

Free Cash FlowWe define free cash flow as net cash provided by operating activities minus capital expenditures. We believe free cash flow is an important non-GAAP measure as it provides useful cash flow information regarding our ability to service, incur or pay down indebtedness or repurchase our common stock.  We use free cash flow as a measure to reflect cash available to service our debt as well as to fund our expenditures.  A limitation of using free cash flow versus the GAAP measure of net cash provided by operating activities is that free cash flow does not represent the total increase or decrease in the cash balance from operations for the period since it includes cash used for capital expenditures during the period and is adjusted for acquisition related payments within operating cash flows.

Net DebtNet Debt is defined as total principal outstanding less cash. We consider Net Debt to be an important measure of liquidity and indicator of our ability to meet ongoing obligations.  We also use Net Debt, among other measures, in evaluating our choices for capital deployment.  Net Debt presented herein is a non-GAAP measure and may not be comparable to similarly titled measures used by other companies.

Forward-Looking StatementsThis press release and oral statements made from time to time by our representatives contain forward-looking statements. You should not place undue reliance on those statements because they are subject to numerous uncertainties and factors relating to our operations and business environment, all of which are difficult to predict and many of which are beyond our control. Forward-looking statements include information without limitation concerning our possible or assumed future results of operations, including descriptions of our business strategy. These statements often include words such as "may," "will," "should," "believe," "expect," "anticipate," "intend," "plan," "estimate" or similar expressions.  These statements are based on assumptions that we have made in light of our experience in the industry as well as our perceptions of historical trends, current conditions, expected future developments and other factors we believe are appropriate under the circumstances. Although we believe that these forward-looking statements are based on reasonable assumptions, you should be aware that many factors could affect our actual financial results or results of operations and could cause actual results to differ materially from those in the forward-looking statements.  These factors include, but are not limited to, competition from existing and future competitors in the highly competitive market in which we operate, failure to adapt our business model to keep pace with rapid changes in the recruiting and career services business, failure to maintain and develop our reputation and brand recognition, failure to increase or maintain the number of customers who purchase recruitment packages, cyclicality or downturns in the economy or industries we serve, the uncertainty surrounding the United Kingdom's future departure from the European Union, including uncertainty in respect of the regulation of data protection and data privacy, failure to attract qualified professionals to our websites or grow the number of qualified professionals who use our websites, failure to successfully identify or integrate acquisitions, U.S. and foreign government regulation of the Internet and taxation, our ability to borrow funds under our revolving credit facility or refinance our indebtedness and restrictions on our current and future operations under such indebtedness.  These factors and others are discussed in more detail in the Company's filings with the Securities and Exchange Commission, all of which are available on the Investors page of our website at www.dhigroupinc.com, including the Company's Annual Report on Form 10-K for the fiscal year ended December 31, 2015, under the headings "Risk Factors," "Forward-Looking Statements" and "Management's Discussion and Analysis of Financial Condition and Results of Operations."

You should keep in mind that any forward-looking statement made by the Company or its representatives herein, or elsewhere, speaks only as of the date on which it is made. New risks and uncertainties come up from time to time, and it is impossible to predict these events or how they may affect us. We have no obligation to update any forward-looking statements after the date hereof, except as required by applicable law.

DHI GROUP, INC.

 CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS

(Unaudited)

     (in thousands except per share amounts)

For the three monthsended September 30,

For the nine monthsended September 30,

2016

2015

2016

2015

Revenues

$

56,073

$

65,138

$

172,032

$

194,710

Operating expenses:

Cost of revenues

7,943

9,765

24,557

29,255

Product development

6,018

7,938

19,323

22,082

Sales and marketing

19,425

19,779

58,573

60,984

General and administrative

10,101

10,958

32,822

34,059

Depreciation

2,478

2,364

7,639

6,821

Amortization of intangible assets

1,570

3,376

6,106

10,875

Impairment of goodwill

15,369

—

15,369

—

Impairment of intangible assets

9,252

—

9,252

—

Disposition related and other costs

—

—

3,347

—

Total operating expenses

72,156

54,180

176,988

164,076

Operating income (loss)

(16,083)

10,958

(4,956)

30,634

Interest expense

(901)

(831)

(2,593)

(2,472)

Other income (expense)

(1)

7

(33)

(2)

Income (loss) before income taxes

(16,985)

10,134

(7,582)

28,160

Income tax (benefit) expense

(144)

3,623

3,294

10,879

Net income (loss)

$

(16,841)

$

6,511

$

(10,876)

$

17,281

Basic earnings (loss) per share

$

(0.35)

$

0.13

$

(0.22)

$

0.33

Diluted earnings (loss) per share

$

(0.35)

$

0.12

$

(0.22)

$

0.33

Weighted average basic shares outstanding

47,719

51,228

48,596

51,792

Weighted average diluted shares outstanding

47,719

52,230

48,596

53,056

DHI GROUP, INC.

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS

(Unaudited)

(in thousands)

For the three months ended September 30,

For the nine months ended September 30,

2016

2015

2016

2015

Cash flows from operating activities:

Net income (loss)

$

(16,841)

$

6,511

$

(10,876)

$

17,281

Adjustments to reconcile net income to net cash flows from operating activities:

Depreciation

2,478

2,364

7,639

6,821

Amortization of intangible assets

1,570

3,376

6,106

10,875

Deferred income taxes

(2,206)

1,455

(1,977)

(373)

Amortization of deferred financing costs

81

104

243

313

Stock based compensation

2,327

2,410

8,750

7,490

Impairment of goodwill

15,369

—

15,369

—

Impairment of intangible assets

9,252

—

9,252

—

Change in accrual for unrecognized tax benefits

51

8

166

172

 

Loss on sale of business

—

—

639

—

Changes in operating assets and liabilities:

Accounts receivable

3,190

(1,392)

8,047

3,437

Prepaid expenses and other assets

(449)

474

(618)

1,601

Accounts payable and accrued expenses

1,445

1,481

(3,430)

(2,332)

Income taxes receivable/payable

(441)

(280)

(2,082)

6,050

Deferred revenue

(3,745)

(4,165)

(493)

(2,132)

Other, net

(46)

34

(123)

166

Net cash flows from operating activities

12,035

12,380

36,612

49,369

Cash flows from investing activities:

Cash received from sale of business

—

—

2,429

—

Purchases of fixed assets

(2,955)

(1,782)

(8,461)

(6,710)

Net cash flows from investing activities

(2,955)

(1,782)

(6,032)

(6,710)

Cash flows from financing activities:

Payments on long-term debt

(15,000)

(7,625)

(26,000)

(28,875)

Proceeds from long-term debt

8,000

5,000

17,000

20,000

Payments under stock repurchase plan

(3,547)

(8,182)

(26,179)

(29,561)

Payment of acquisition related contingencies

—

—

—

(3,829)

Proceeds from stock option exercises

1,636

758

2,664

5,897

Purchase of treasury stock related to vested restricted stock and performancestock units

(259)

(119)

(2,779)

(1,665)

Excess tax benefit over book expense from stock based compensation

52

693

400

2,114

Net cash flows from financing activities

(9,118)

(9,475)

(34,894)

(35,919)

Effect of exchange rate changes

(2)

127

(315)

394

Net change in cash for the period

(40)

1,250

(4,629)

7,134

Cash, beginning of period

29,461

32,661

34,050

26,777

Cash, end of period

$

29,421

$

33,911

$

29,421

$

33,911

DHI GROUP, INC.

CONDENSED CONSOLIDATED BALANCE SHEETS

(Unaudited)

(in thousands)

ASSETS

September 30, 2016

December 31, 2015

Current assets

Cash

$

29,421

$

34,050

Accounts receivable, net

37,863

46,380

Income taxes receivable

1,654

916

Prepaid and other current assets

3,810

3,072

Assets held for sale

—

4,265

Total current assets

72,748

88,683

Fixed assets, net

15,663

15,255

Acquired intangible assets, net

49,812

65,292

Goodwill

174,640

198,598

Deferred income taxes

276

322

Other assets

646

785

Total assets

$

313,785

$

368,935

LIABILITIES AND STOCKHOLDERS' EQUITY

Current liabilities

Accounts payable and accrued expenses

$

19,979

$

23,883

Deferred revenue

82,384

83,316

Income taxes payable

2,762

4,006

Liabilities held for sale

—

2,334

Total current liabilities

105,125

113,539

Long-term debt, net

90,679

99,436

Deferred income taxes

9,096

10,849

Accrual for unrecognized tax benefits

3,602

3,436

Other long-term liabilities

2,947

3,062

Total liabilities

211,449

230,322

Total stockholders' equity

102,336

138,613

Total liabilities and stockholders' equity

$

313,785

$

368,935

Supplemental Information and Non-GAAP Reconciliations

On the pages that follow, the Company has provided certain supplemental information that we believe will assist the reader in assessing our business operations and performance, including certain non-GAAP financial information and required reconciliations to the most comparable GAAP measure.  A statement of operations and statement of cash flows for the three and nine month periods ended September 30, 2016 and 2015 and a balance sheet as of September 30, 2016 and December 31, 2015 are provided elsewhere in this press release.

DHI GROUP, INC.

NON-GAAP SUPPLEMENTAL DATA

(Unaudited)

(dollars in thousands except per customer data)

For the three monthsended September 30,

For the nine monthsended September 30,

2016

2015

2016

2015

Reconciliation of Net Income (Loss) to Adjusted EBITDA:

Net income (loss)

$

(16,841)

$

6,511

$

(10,876)

$

17,281

Interest expense

901

831

2,593

2,472

Income tax (benefit) expense

(144)

3,623

3,294

10,879

Depreciation

2,478

2,364

7,639

6,821

Amortization of intangible assets

1,570

3,376

6,106

10,875

Impairment of goodwill

15,369

—

15,369

—

Impairment of intangible assets

9,252

—

9,252

—

Non-cash stock compensation expense

2,327

2,410

7,850

7,490

Severance—Slashdot Media

—

—

981

—

Accelerated stock based compensation expense—Slashdot Media

—

—

900

—

Loss on sale of business

—

—

639

—

Other

1

(7)

33

2

Adjusted EBITDA

$

14,913

$

19,108

$

43,780

$

55,820

Reconciliation of Operating Cash Flows to Adjusted EBITDA:

Net cash provided by operating activities

$

12,035

$

12,380

$

36,612

$

49,369

Interest expense

901

831

2,593

2,472

Amortization of deferred financing costs

(81)

(104)

(243)

(313)

Income tax (benefit) expense

(144)

3,623

3,294

10,879

Deferred income taxes

2,206

(1,455)

1,977

373

Severance—Slashdot Media

—

—

981

—

Change in accrual for unrecognized tax benefits

(51)

(8)

(166)

(172)

Change in accounts receivable

(3,190)

1,392

(8,047)

(3,437)

Change in deferred revenue

3,745

4,165

493

2,132

Changes in working capital and other

(508)

(1,716)

6,286

(5,483)

Adjusted EBITDA

$

14,913

$

19,108

$

43,780

$

55,820

Calculation of Free Cash Flow:

Net cash provided by operating activities

$

12,035

$

12,380

$

36,612

$

49,369

Purchases of fixed assets

(2,955)

(1,782)

(8,461)

(6,710)

Free Cash Flow

$

9,080

$

10,598

$

28,151

$

42,659

Dice Recruitment Package Customers

Beginning of period

7,300

7,750

7,600

7,800

End of period

7,250

7,700

7,250

7,700

Average for the period (1)

7,200

7,700

7,350

7,750

Dice Average Monthly Revenue per   Recruitment Package Customer (2)

$

1,122

$

1,101

$

1,121

$

1,087

(1) Reflects the daily average of recruitment package customers during the period.

(2) Reflects the simple average of each period presented.

DHI GROUP, INC.

NON-GAAP SUPPLEMENTAL DATA (CONTINUED)

(Unaudited)

For the three monthsended September 30,

For the nine monthsended September 30,

2016

2015

2016

2015

Revenues

$

56,073

$

65,138

$

172,032

$

194,710

Less Slashdot Media

—

3,506

747

11,173

Revenues, excluding Slashdot Media

$

56,073

$

61,632

$

171,285

$

183,537

Net Income (loss)

$

(16,841)

$

6,511

$

(10,876)

$

17,281

Exclude Slashdot Media net income (loss)

—

118

(1,755)

431

Add back severance related to re-alignment, net of tax

—

—

521

—

Net Income (loss), excluding Slashdot Media and disposition related and othercosts

$

(16,841)

$

6,393

$

(8,600)

$

16,850

Diluted Earnings (Loss) per Share, excluding Slashdot Media and disposition related and other costs (3)

$

(0.35)

$

0.12

$

(0.18)

$

0.32

Adjusted EBITDA

$

14,913

$

19,108

$

43,780

$

55,820

Exclude Slashdot Media

—

292

(208)

1,144

Add back severance related to re-alignment

—

—

827

—

Adjusted EBITDA, excluding Slashdot Media and disposition related and other costs

$

14,913

$

18,816

$

44,815

$

54,676

Adjusted EBITDA Margin, excluding Slashdot Media and disposition related andother costs (4)

26.6

%

30.5

%

26.2

%

29.8

%

Net Income (loss)

$

(16,841)

$

6,511

$

(10,876)

$

17,281

Less impact of impairment charge, net of income taxes

21,790

—

21,790

—

Net income, excluding impairment charge

$

4,949

$

6,511

$

10,914

$

17,281

Diluted Earnings (Loss) Per Share

$

(0.35)

$

0.12

$

(0.22)

$

0.33

Less impact per share of impairment charge

0.45

—

0.44

—

Diluted Earnings per Share, excluding impairment charge

$

0.10

$

0.12

$

0.22

$

0.33

Segment Definitions:

Tech & Clearance: Dice, Dice Europe and ClearanceJobs

Global Industry Group: eFinancialCareers, Rigzone, Hcareers and BioSpace

Healthcare: Health eCareers

Corporate & Other: Corporate related costs, Slashdot Media and Brightmatter

(3) Diluted Earnings (Loss) per Share, excluding Slashdot Media and disposition related and other costs, is computed as Net Income (Loss), excluding Slashdot Media and disposition related and other costs, divided by weighted average diluted shares outstanding.

(4) Adjusted EBITDA margin, excluding Slashdot Media and disposition related and other costs, is computed as Adjusted EBITDA, excluding Slashdot Media and disposition related and other costs, divided by Revenues, excluding Slashdot Media.

To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/dhi-group-inc-announces-third-quarter-2016-results-completion-of-comprehensive-strategic-review-and-intention-to-explore-strategic-alternatives-300354737.html

SOURCE DHI Group, Inc.

Copyright © 2007 PR Newswire. All rights reserved. Republication or redistribution of PRNewswire content is expressly prohibited without the prior written consent of PRNewswire. PRNewswire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

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Fortinet Honored on CRN's Top 100 List, Network Connectivity Partner Program Guide | killexams.com real questions and Pass4sure dumps

SUNNYVALE, CA -- (Marketwired) -- 08/11/14 -- Fortinet® (NASDAQ: FTNT), a world leader in high-performance network security -- today announced that the company has received a prestigious award and inclusion in a top network program guide by leading channel publication CRN, recognizing the company's ongoing commitment to its channel team as it continues to innovate in partner education, enablement and profitability.

Fortinet CEO Ken Xie was named to the prestigious 2014 CRN Top 100 list, recognizing executives that have had significant commitment to helping empower the channel through education, training and other channel programs. Fortinet has also been included in the CRN 2014 Network Connectivity Services Partner Program Guide (PPG), a resource that highlights service providers and technology vendors with offerings that support, enable and propel today's mission-critical network connectivity solutions.

"Fortinet is honored to have made CRN's Top 100 list, and is proud to be included as a strong and reliable resource in its Network Connectivity Services Partner Program Guide," said Joe Sykora, vice president of Americas sales operations and channels at Fortinet. "This award and recognition is indicative of Fortinet's long-term commitment to partner enablement as we continue to develop, refine and innovate around our channel program. Our channel investment is paying off -- Fortinet can attribute its immense success to the hard work and bullish sales of our channel partners, who continue to bring our solutions to an ever expanding market."

CRN Top 100 List

CRN's 2014 Top 100 list is a compilation of key players that influence and shape the way the channel does business. These 100 leaders, hand-picked by the CRN editorial staff, represent the top influencers, sales leaders, innovators and disruptors in the IT channel.

The CRN Top 100 list is based on feedback gathered from technology solution providers throughout the year by CRN editors with rankings reflecting each company's channel influence, effectiveness and visibility, along with its business and sales impact on the IT channel. Among the criteria considered are channel sales volume, channel investment and resources, channel advocacy, and performance in research projects conducted by The Channel Company's CRN Intelligence research arm, including its esteemed Annual Report Card and Channel Champions reports.

"The CRN Top 100 list is the 'Who's Who' of the IT channel," said Robert Faletra, CEO of The Channel Company. "Each individual on this list has left an indelible stamp on the IT channel this year. Some are industry veterans with innovative leadership styles. Others are rising stars who have demonstrated a deep commitment to the channel. All deserve recognition for helping push the channel forward toward new market opportunities."

Fortinet CEO Ken Xie received this accolade for his leadership that has been instrumental in building innovative and profit-oriented programs, designing comprehensive education and training and creating numerous enablement opportunities for partners. Under Xie's leadership, Fortinet recently created a new Network Security Certification program designed to help partners demonstrate knowledge and expertise on the full range of Fortinet products, and differentiate in the marketplace when approaching new customers. Prior to that, Fortinet further expanded channel education and reach with the launch of new segmented online courses strategically-designed for self-paced instruction and at no cost to all registered Fortinet channel partners.

CRN's Network Connectivity Services Partner Program Guide

Aligning with consolidation trends, IT solution providers, telecom and Internet service providers (ISPs) have continued to integrate and merge as customers have increasingly demanded a single services and support relationship for all of their voice, data and Internet needs. To that end, CRN's annual Network Connectivity Services PPG has become a critical resource that allows solution providers to locate vendors offering complementary connectivity solutions and services. All of the vendors featured in this guide have partner programs that embrace the IT channel.

As the third largest network security company in the world, Fortinet provides a broad and diverse portfolio of network security products and subscription services to customers around the globe, offering integrated and high-performance protection against advanced threats, while simplifying and streamlining IT security infrastructure. Fortinet recently exceeded high-performance standards in carrier and enterprise markets by being the first network security vendor to deliver a firewall -- the new FortiGate 5144C -- exceeding 1 terabit per second (Tbps) throughput performance. Prior to that, the company deepened its presence in the mid-market by unveiling two new next-generation firewall platforms -- the FortiGate-300D and FortiGate-500D -- that provide mid-enterprises with five times next-generation performance for defense against advanced threats. Fortinet also expanded its cloud services play by enhancing its existing FortiWeb-VM Web Application Firewalls (WAFs) for Amazon Web Services (AWS) to include on-demand, pay-as-you-go offerings.

Both the CRN Top 100 honorees and the Network Connectivity Services Partner Program Guide will be featured in the August issue of CRN, the top news source for solution providers and the IT channel, and will be available online at www.crn.com.

About the Channel CompanyThe Channel Company is the channel community's trusted authority for growth and innovation, with established brands including CRN, XChange Events, IPED, and SharedVue. For more than three decades, we have leveraged our proven and leading-edge platforms to deliver prescriptive sales and marketing solutions for the technology channel. The Channel Company provides Communication, Recruitment, Engagement, Enablement, Demand Generation and Intelligence services to drive technology partnerships. Learn more at www.thechannelcompany.com.

About FortinetFortinet (NASDAQ: FTNT) helps protect networks, users and data from continually evolving threats. As a global leader in high-performance network security, we enable businesses and governments to consolidate and integrate stand-alone technologies without suffering performance penalties. Unlike costly, inflexible and low-performance alternatives, Fortinet solutions empower customers to embrace new technologies and business opportunities while protecting essential systems and content. Learn more at www.fortinet.com.

Copyright © 2014 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, such as CRN, 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 that involve uncertainties. Changes of circumstances, product release delays, changes in product plans and other risks as stated in our filings with the Securities and Exchange Commission, located at www.sec.gov, may cause results to differ materially from those expressed or implied in this press release. If the uncertainties materialize prove incorrect, results may differ materially from those expressed or implied by such forward-looking statements. 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 forward-looking statements.

FTNT-O

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