In January 2017, it was announced that Philip Quade, a former member of the NSA, would become the company's chief information security officer. At the end of 2017, Fortinet reported $416.7 million in revenue, a 15 percent increase from the previous year. In June 2018, Fortinet acquired Bradford Networks, a maker of access control and IoT security solutions. In October 2018, Fortinet acquired ZoneFox, a threat analytics company. In January 2019, it was announced that Fortinet and founder Ken Xie would participate in the annual World Economic Forum held in Davos, Switzerland.