Fortinet acquires VoIP vendor TalkSwitch


Fortinet acquires VoIP vendor TalkSwitch

Alex Scroxton

UTM and network security vendor Fortinet has acquired VoIP PBX specialist TalkSwitch to expand its reach into the multi-service business gateway market through the addition of IP telephony devices to its portfolio.

Privately-held TalkSwitch has a global network of over 1,500 resellers and distributors, which Fortinet said it planned to exploit to complement sales of its existing integrated business gateway appliance.

"Security is a critical component of multi-service business gateway devices," said Fortinet president and CEO Ken Xie.

"TalkSwitch's offering, combined with out existing end-to-end security innovation, will provide us with a greater ability to support the security and VoIP needs of both SMBs and enterprise branch customers," he added.

Financial terms of the deal were not disclosed.

Meanwhile, Fortinet also unveiled its Q1 results on Wednesday evening, posting sales of $93.3m (£55.9m), up 34% year-on-year and billings of over $100m.

Product sales totalled $40.2m while services revenues hit $48.7m and ratable products and services accounted for the remaining $4.4m, said Fortinet.

GAAP net profit more than doubled over the year-ago period, hitting $13.6m.

"Our recent investments in our global sales organisation and sharpened focus on penetrating the large enterprise have resulted in significant momentum in our business across geographic regions," said Xie.

"Our ability to demonstrate the price performance advantage of our solutions and to introduce new cutting-edge technologies continues to strengthen our competitive position in the marketplace, particularly as demand trends in the broader UTM market accelerate," he added.

The vendor also announced plans to carry out a two for one stock split, which will take place at the close of play on 9 May.

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