Fortinet acquires Cosine's IP assets
Fortinet acquires intellectual property assets from Cosine Communications.india Updated: May 31, 2006 13:09 IST
Fortinet on Wednesday announced it has completed an acquisition of all pending patents and related intellectual property (IP) assets of CoSine Communications, Inc. In connection with the sale, CoSine retained a limited right to continue using the transferred IP to support its existing customers.
The acquisition significantly strengthens Fortinet's IP and patent portfolio and provides the company with key innovations that will allow it to better address the carrier/service provider market. Terms of the transaction are confidential.
The acquired IP portfolio covers a diverse set of technologies and key applications pertaining to methods for delivering security services through hardware than software platforms, managing subscriber profiles, and router virtualization and management.
"CoSine was an early innovator in the networking and security arena - revolutionizing the way security was deployed, delivered and managed on a massive scale. They were active in seeking patent protection for their key technological achievements and their IP portfolio reflects this diligence," said Ken Xie, Fortinet's founder, president and CEO.