Fortinet to set up R&D centre in Singapore


28 August 2014

Network security company Fortinet has announced plans to establish a regional centre in Singapore this year to conduct research and development into network security. It also intends to boost its regional technical support, marketing, finance and legal employee base in Singapore.

"The Singapore government's vision to make the republic a cybersecurity business and research hub drew us to set up an R&D base here," said Michael Xie, Fortinet's founder, president and chief technology officer.

To be located in Fortinet's Asia Pacific headquarters, the R&D centre will enable security R&D professonals to collaborate with customers on threat intelligence and provide emergency threat response. The facility will complement and extend Fortinet's existing R&D centres, including FortiGuard Labs, which are primarily located in the United States and Canada.  

The company also expects the additional resources to help support its growth in the region. In Q2 2014, Fortinet increased its billings in the Asia Pacific by 22 per cent and is recognised as the no. 2 network security appliances vendor by factory revenue market share in Asia Pacific, according to data from IDC's quarterly network security appliances tracker.