Ken Xie

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Ken Xie
Ken Xie (born 1963) at World Economic Forum Davos 2021.png
Xie in 2021
Born1963 (age 6061)
Beijing, China
CitizenshipAmerican
Education Tsinghua University
Stanford University
Known forCo-founder of Fortinet and NetScreen
TitleCEO and chairman, Fortinet
Children Jaime Xie
Chinese name
Traditional Chinese 謝青
Simplified Chinese 谢青

Ken Xie (Chinese :谢青; pinyin :Xiè Qīng) is an American billionaire businessman who founded Systems Integration Solutions (SIS), NetScreen, and Fortinet.

Contents

He is CEO of Fortinet, a cybersecurity firm based in Silicon Valley. Xie was previously the CEO of NetScreen, which was acquired by Juniper Networks for $4 billion in 2004. He built the first ASIC-based firewall/VPN appliance in 1996. [1]

Early life

Xie was born and raised in China. [2] He graduated from Tsinghua University with a B.S. and M.S. in electrical engineering, [2] [3] and from Stanford University with an M.S. in electrical engineering.

Career

In 1993, Xie founded a network security company, Systems Integration Solutions (SIS). [4] Xie built the first ASIC-based firewall/VPN appliance in 1996, in his garage in Palo Alto, California. [1] That same year he founded NetScreen Technologies, an online security firm, with Yan Ke and Feng Deng. [4] [5] NetScreen Technologies was later acquired by Juniper Networks Inc. for $4 billion.

Fortinet

In 2000, Xie left NetScreen to create Fortinet with his brother Michael Xie, an electrical engineer. [6] Since then, Ken Xie has served as Fortinet's CEO, while Michael Xie is president and chief technology officer. [6] [7] Xie has stated that he founded Fortinet because he believed that security must be embedded in the end-to-end computing and networking infrastructure. [8] The Xie brothers launched the initial FortiGate products in May 2002. [9] Xie has led Fortinet to acquire security monitoring firm AccelOps, endpoint security firm enSilo, SOAR platform provider CyberSponse, [10] [11] [12] and the IoT-focused security firm Bradford Networks. [13]

In January 2019, Xie was a discussion leader for the Centre for Cybersecurity’s cyber workforce session at Davos’ World Economic Forum (WEF) summit. [14] In February 2020, Ken Xie spoke at the RSA conference in San Francisco about the importance of SD-WAN, edge computing, and automation. [15] Xie is a founding member and a member of the board of directors of the Cyber Threat Alliance. [16] [17]

Personal life

Xie is married and lives in Los Altos Hills, California. [18] He is the father of Jaime Xie, a fashion influencer and star on the Netflix reality TV series Bling Empire . [19] In September 2020, Xie joined the Forbes 400 list. [20]

Xie was made a member of the National Academy of Engineering in 2013. [21]

Private foundation

Xie runs a private foundation, along with his brother. Since 2009, Xie has had more than $30 million in income tax deductions by contributing shares of Fortinet to this private foundation. [22] In 2017, the private foundation spent $3 million on a home in Cupertino, California which Xie and his then-girlfriend lived in. [22] In January 2020, the house was transferred from the foundation to a LLC.

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References

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  22. 1 2 Ernsthausen, Jeff (July 26, 2023). "How the Ultrawealthy Use Private Foundations to Bank Millions in Tax Deductions While Giving the Public Little in Return". ProPublica.