 © Copyright Fortinet Inc. All rights reserved. Meru Helps to Accelerate the Fortinet Enterprise Mobile Security Vision May 2015 Exhibit 99.2 |
 2 Fortinet - Confidential Forward-looking Statements This presentation contains forward-looking statements that involve risks and uncertainties. These forward-looking statements include statements regarding acquisition synergies and benefits to Fortinet, the growth of the WiFi market and demand for Foritnet’s offerings, growth opportunities, the closing of the acquisition and impact of the acquisition, momentum in Fortinet’s business and momentum with the offerings discussed in this press release, potential growth of Fortinet’s business, product performance, and timing of the transaction. Although we attempt to be accurate in making forward-looking statements, it is possible that future circumstances might differ from the assumptions on which such statements are based. Important factors that could cause results to differ materially from the statements herein include the following: general economic risks; execution risks with acquisitions; closing conditions; risks associated with sales not materializing based on a change in circumstances; disruption to sales following acquisitions; increasing competitiveness in the security and WiFi markets; ability to retain key personnel from the acquisition; the dynamic nature of the security and WiFi markets; specific economic risks in different geographies, and among different customer segments; changes in foreign currency exchange rates; uncertainty regarding increased business and renewals from existing customers; uncertainties around continued success in sales growth and market share gains; failure to convert sales pipeline into final sales; risks associated with successful implementation of multiple integrated software products and other product functionality risks; execution risks around new product development and introductions and innovation; product defects; unexpected costs, assumption of unknown liabilities and increased costs for any reason; litigation and disputes and the potential cost, distraction and damage to sales and reputation caused thereby; market acceptance of new products and services; the ability to attract and retain personnel; changes in strategy; risks associated with management of growth; lengthy sales and implementation cycles, particularly in larger organizations; technological changes that make our products and services less competitive; risks associated with the adoption of, and demand for, our model in general and by specific customer segments; competition and pricing pressure; and the other risk factors set forth from time to time in our most recent Annual Report on Form 10-K, our most recent Quarterly Report on Form 10-Q and our other filings with the SEC, copies of which are available free of charge at the SEC's website at www.sec.gov or upon request from our investor relations department. All forward-looking statements herein reflect our opinions only as of the date of this release, and we undertake no obligation, and expressly disclaim any obligation, to update forward-looking statements herein in light of new information or future events. |
 3 Fortinet - Confidential Fortinet Speakers Ken Xie – CEO John Maddison – VP Marketing Joe Sykora – VP Americas Sales Operations and Channels Venkat Adusumilli – VP Engineering Amanda Mallow – VP Human Resources |
 4 Fortinet - Confidential Who is Fortinet? Revenue 2014 - $772M (+25%) Cash $1B+ 3000+ People Globally Founded 2000 CEO - Ken Xie CTO - Michael Xie IPO – 2009 FTNT 225,000 Customers 1.9 Million Units Shipped Main Market Network Security ~ $6.5B Figures based on Fortinet Q4 2014 Results Banking/Finance, 10% Education, 8% Government, 13% Retail/Hospitality, 6% Telco Carrier, 22% |
 5 Fortinet - Confidential Fortinet Presence (80+ Locations globally) Revenue by Region, Q1 2015 HQ & Development Center Dev. & Escalation Center Support Center FDN server sites Sales Office In-country Sales/Support Amercias, 43% APAC, 21% EMEA, 36% |
 6 Wi-Fi Infrastructure Trends WLAN catching LAN Mobile (BYOD) Protection Critical Cloud AP Management growing beyond SMB IoT Cross Community Authentication Essential Service Levels need to be monitored Cloud Management Fortinet - Confidential |
 7 Both Companies Win Additional Wireless Expertize » Talented people to help accelerate our Wi-Fi innovations and go-to-market efforts. Additional Customers » Installed base of new enterprise wireless customers in different market segments/verticals Additional Wireless Products » Enterprise-class products that complement and scale Fortinet’s wireless offerings Additional Patents » 33 important wireless patents that add to Fortinet’s portfolio of 210+ patents. Expanded Security Expertize » FortiGuard Threat Intelligence integration Expanded Investment » Solid financial backing for innovation Expanded Infrastructure » Much expanded global support infrastructure Expanded Customer Exposure » Hugely expanded Major Enterprise Account opportunities Fortinet - Confidential |
 8 Meru Helps Accelerate the Fortinet Enterprise Mobile Security Vision Wireless and Security Convergence Single Pane of Management Secure Wireless Access Points Enterprise Mobile Device Protection FortiGuard Mobile Security Subscription Services Protection Against Mobile Malware Manage Mobile Apps Fortinet - Confidential |
 9 Fortinet - Confidential Wireless and Security Convergence Secure Wireless Access Points Secure Ethernet Access Single Management Console for WLAN and LAN Service Management (SLA) LAN WLAN Single Management Console |
 10 Mobile Device Protection Mobile Security Updates Mobile Security Protection from Malware Mobile Application & Malware Security Real-Time Security Updates from FortiGuard Subscription Based Service Fortinet - Confidential |
 11 Fortinet - Confidential Protects Mobile Devices especially in BYOD environments. Consists of two services; Mobile Application Control Mobile Malware Protection Can be applied to Networking Infrastructure including Wireless Access Points Intrusion Prevention Service Antivirus Service Anti-spam Service Web Filtering Service IP Reputation Service Web Security Service Database Security Service Application Control Service Global Fortinet Device Footprint New Mobile Security FortiGuard Service Vulnerability Management Service Mobile Security Fortinet - Confidential |
 12 Fortinet - Confidential FortiGuard Services applied across the end to end Enterprise Network Secure Wireless Architecture EndPoint Protection Network Security Advanced Threat Protection Framework Security Defined Framework Cloud Application Security Cloud |
 13 Fortinet - Confidential Complementary Wireless Product/Technology Portfolio Cloud Management Access Points UTM Controllers Dedicated Controllers Service Management Large Campus Roaming Distributed Networks Hardware Acceleration Meru Technologies Fortinet Technologies Bonjour Rapid Network Deploy |
 14 Fortinet - Confidential Let’s become the #1 in Enterprise Mobile Security Together! |
 15 Fortinet - Confidential In connection with the proposed acquisition, Fortinet will commence a tender offer for the outstanding shares of Meru. The tender offer has not yet commenced. This presentation is for informational purposes only and is neither an offer to purchase nor a solicitation of an offer to sell shares of Meru, nor is it a substitute for the tender offer materials that Fortinet and its acquisition subsidiary will file with the SEC upon commencement of the tender offer. At the time the tender is commenced, Fortinet and its acquisition subsidiary will file tender offer materials on Schedule TO, and Meru will file a Solicitation/Recommendation Statement on Schedule 14D-9 with the SEC with respect to the tender offer. The tender offer materials (including an Offer to Purchase, a related Letter of Transmittal and certain other tender offer documents) and the Solicitation/Recommendation Statement will contain important information. Holders of shares of Meru are urged to read these documents when they become available because they will contain important information that holders of Meru securities should consider before making any decision regarding tendering their securities. The Offer to Purchase, the related Letter of Transmittal and certain other tender offer documents, as well as the Solicitation/Recommendation Statement, will be made available to all holders of shares of Meru at no expense to them. The tender offer materials and the Solicitation/Recommendation Statement will be made available for free at the SEC’s web site at www.sec.gov. Additional Information |
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