Fortinet and Palo Alto Networks co-found the industry's first cyber defense consortium

Two leaders in security drive a coordinated industry effort against cybercrime and cyber criminals

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May 30, 2014, 08:00 ET

SUNNYVALE, Calif. and SANTA CLARA, Calif., May 30, 2014 /PRNewswire/ -- Fortinet (NASDAQ: FTNT) and Palo Alto Networks (NYSE: PANW), leading innovators in network security, have co-founded the industry's first cyber defense consortium. The mission of this consortium is to drive a coordinated industry effort against cybercrime and cyber criminals through deep collaboration on threat intelligence and sharing of preventative measures.

The industry will benefit from this joint effort in 3 ways:

Better cross-industry, cross-vendor threat intelligence
Better coordination of incident response
Better prevention of cyber attacks using advanced malware

"At Fortinet we look forward to collaborating with Palo Alto Networks to continue to improve network security," said Ken Xie, Fortinet's Chairman and CEO. "We look forward to combining our threat resources to offer customers innovative ways to more comprehensively combat modern day dynamic, sophisticated threats."

"We are pleased to work with another respected innovator like Fortinet to join forces in the ongoing battle against the rapidly evolving threats stemming from advanced malware and APTs," said Mark McLaughlin, Chairman, President and CEO of Palo Alto Networks. "The consortium is a clear response to the demands from the industry for a coordinated response from their technology vendors."

Details on the consortium can be found at www.cyberconsortium.org.

About Fortinet
Fortinet (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

About Palo Alto Networks
Palo Alto Networks is leading a new era in cybersecurity by protecting thousands of enterprise, government, and service provider networks from cyber threats. Unlike fragmented legacy products, our security platform safely enables business operations and delivers protection based on what matters most in today's dynamic computing environments: applications, users, and content. Find out more at www.paloaltonetworks.com

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SOURCE Palo Alto Networks