The company began distributing its products in Canada in December 2003 and in the UK in February 2004.
Fortinet's first channel program was established in October 2003. The company raised $13 million in private funding from 2000 to early 2003. The company was renamed ApSecure in December 2000 and later renamed again to Fortinet, based on the phrase "Fortified Networks." įortinet introduced its first product, FortiGate, in 2002, followed by anti-spam and anti-virus software. In 2000, Ken Xie and his brother Michael Xie co-founded Appligation Inc. The company went public in November 2009. The company later added wireless access points, sandbox (computer security), and messaging security. The company's first and main product was FortiGate, a physical firewall. It develops and sells cybersecurity solutions, such as physical firewalls, antivirus software, intrusion prevention systems, and endpoint security components.īrothers Ken Xie and Michael Xie founded Fortinet in 2000. Through this five-year initiative, UC Santa Cruz will enhance its existing resources and develop new programs, opportunities, and other means of support for our students.Fortinet is an American multinational corporation headquartered in Sunnyvale, California. The Student Success Initiative, launched in fall 2021, is a wide-ranging effort to increase financial support for undergraduate and graduate students, and advance their access to the guidance and experiences fundamental to their education and ultimately future success. “While UC Santa Cruz, like campuses across the country, received additional student support from federal and state resources during the COVID-pandemic, we don’t expect many of those sources to be renewed.” “These funds will come at an important time,” said Director of Financial Aid Patrick Register. “I applaud my colleagues on the board for making this bold move and especially for providing this additional support for our students.” “UC Santa Cruz is focused on leveraging all of our available resources to ensure our students have the support they need to make the most of their college experience and are prepared for their lives after graduation,” Chancellor Larive said. The foundation’s endowment, coupled with the campus’s endowment held with the UC Regents, makes up the total endowment support received from philanthropy to support the long-term advancement of the UC Santa Cruz Campus. It provides stewardship for the $156 million endowment, which is a collection of funds created through philanthropy to support the university’s mission. The foundation works in close partnership with Chancellor Cynthia Larive and other university leaders to steward and advance private philanthropic support for the campus mission, while also fostering greater understanding throughout the broader community and state of UCSC's activities and impact. The board saw an opportunity to show additional support now by directing a small portion of the extraordinary returns that the endowment received in 2021 to further support students.” “While our primary focus is on providing long-term resources for the university, we also know that there is real need now among our students. “The foundation’s endowment distribution policy is designed to smooth over the highs and lows of annual market volatility however, FY21 results were distinctive and unprecedented,” said Richard Moss, chair of the Foundation Board of Trustees. This represents a one-time 50 percent increase over what it provided in the fall to all UCSC endowments. With the UC Santa Cruz Foundation endowment recording an extraordinarily strong investment year in fiscal year 2021, and inspired by the campus’s new Student Success Initiative, the foundation voted Saturday to increase the endowment’s payout this year by more than $900,000 of additional financial support for students directed through approximately 130 endowment-funded scholarships and fellowships. Hundreds of continuing and incoming UC Santa Cruz students will benefit from additional financial support from scholarships and fellowships after the UC Santa Cruz Foundation Board approved an additional, one-time payout from the university’s endowment.
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