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Fortinet (NASDAQ:FTNT) is encroaching on F5's (NASDAQ:FFIV) turf by acquiring Coyote Point...

Mar. 22, 2013 9:26 AM ETFortinet, Inc. (FTNT) StockFFIV, FTNTBy: Eric Jhonsa, SA News Editor

Fortinet (NASDAQ:FTNT) is encroaching on F5's (NASDAQ:FFIV) turf by acquiring Coyote Point Systems, a maker of application delivery controllers (ADCs) for SMBs. Fortinet claims Coyote Point's products, which (like F5's) rely on a proprietary OS, complement its core FortiGate unified threat management security hardware, as well as its firewall and denial-of-service appliances. The purchase comes as F5, which sells to enterprises and carriers in addition to SMBs, launches firewall hardware, as well as security modules for its ADCs.

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