Fortinet, a vendor of security appliances and a market leader in unified threat management (UTM), is rumored to be shedding staff. The company’s website says it has more than 1,000 employees.
As I learn more, I’ll provide an update.
Fortinet filed for an IPO during the summer. At the time, the company disclosed neither the price range of the offering nor how many shares it would issue. According to Morgan Stanley, a lead underwriter for the offering, the IPO prospectus is not yet available.