Fortinet Invests $75M in Linksys to Support Alliance to Offer Organizations Fast, Reliable, Secure, and Simple to Manage Remote Connectivity
Hong Kong and Sunnyvale, Calif. – 22 March 2021 – Linksys, a global leader in wireless networking products, a subsidiary of Foxconn Interconnect Technology (6088.HK) (“FIT”) and Fortinet (NASDAQ: FTNT), a global leader in broad, integrated and automated cybersecurity solutions, today announced a strategic alliance with the intent to further secure and optimize the performance and management of home networks in today’s work from home environment.
Together, Fortinet, Linksys, and FIT will offer enterprise-grade connectivity and security and unparalleled quality of service to organizations that need to provide seamless and secure connectivity for their employees to efficiently work from home.
As part of the alliance, Fortinet has made a strategic investment of $75M in Linksys, which provides leading and next-generation router connectivity solutions to consumers and businesses worldwide. In addition, Fortinet will appoint a representative to the Linksys Board of Directors.
“We are pleased to welcome Fortinet as a strategic partner in providing secured connectivity for consumers and remote professionals. The collaboration is a testament to the ongoing strength and reach of the Linksys business. We look forward to leveraging Fortinet’s proven cybersecurity expertise to capitalize on new opportunities,” said Sidney Lu, Chairman and CEO of FIT Hon Teng.
“When organizations implement telework at scale, cyber criminals leap at the opportunity to exploit the numerous security gaps that arise. Security-driven networking—a strategy that converges networking and security across the connected environment, from the core, into the cloud, and to the branch and remote workers —enables organizations to see and defend today's highly dynamic environments while preserving an excellent user experience. We are excited to partner with Linksys to deliver highly secure, reliable network connectivity for home-based workers,” said Ken Xie, Founder, Chairman of the Board, and CEO at Fortinet.
About Foxconn Interconnect Technology
FIT Hon Teng Limited (6088.HK), is a market leader of interconnect solutions for mobile devices, digital computer and consumer electronics, communication infrastructure, automotive, industry and medical applications and connected smart devices. Its subsidiary, Linksys, has been on a mission to build the world's most reliable and innovative wireless technology and was the first router brand to ship 100 million units worldwide. Recognized for its legacy in mesh hardware and award-winning Velop motion sensing software portfolio, Linksys connects your smart home or business with enhanced security and seamless, frustration-free WiFi. Linksys products are sold in more than 60 countries around the world.
Fortinet (NASDAQ: FTNT) secures the largest enterprise, service provider, and government organizations around the world. Fortinet empowers our customers with complete visibility and control across the expanding attack surface and the power to take on ever-increasing performance requirements today and into the future. Only the Fortinet Security Fabric platform can address the most critical security challenges and protect data across the entire digital infrastructure, whether in networked, application, multi-cloud or edge environments. Fortinet ranks #1 in the most security appliances shipped worldwide and more than 500,000 customers trust Fortinet to protect their businesses. Both a technology company and a learning organization, the Fortinet Network Security Expert (NSE) Training Institute has one of the largest and broadest cybersecurity training programs in the industry. Learn more at http://www.fortinet.com, the Fortinet Blog, or FortiGuard Labs.
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Media Contacts for FIT Hon Teng
Think Alliance Group
Tel: +852 3841 1161
Think Alliance Group
Tel: +886 2 8758 2769
Contacts for Fortinet
Tel: +1 408 235 7700
Tel: +1 408 331 4595
Tel: +1 415 806 9892
Media Contact for Linksys
Jen Wei Warren
Tel: +1 310 715 2721