Altamount is a B2B software company focused on providing a permanent home for mission-critical software companies in the areas of Cyber Security, GRC, and Banking. The company emphasizes stability and independence for its portfolio companies.

Altamount

Instinctools provides software development services, including digital product engineering, SaaS development, AI app development, eCommerce development, enterprise automation software, web design and development, and mobile app development.

instinctools

ForgeRock, Inc., together with its subsidiaries, operates a digital identity platform to secure, manage, and govern the identities of customers, employees, partners, application programing interfaces (APIs), microservices, devices, and the Internet of things worldwide. It offers identity management products to automate onboarding/registration and progressive profiling, identity lifecycle and relationship management, identity provisioning and synchronization, user self-service, personalization, delegation, and privacy and consent management. The company also provides access management products, such as passwordless, usernameless, and multi-factor authentication; single sign-on; contextual and adaptive risk-based access; fine-grained authorization; API and microservices security; and secure impersonation and data sharing. In addition, it offers identity governance products, including access requests that allow users to request access to systems or applications through integration with help desk or service ticketing systems; access reviews and certifications; segregation of duties; role and entitlement management; policy management; identity workflows, which enable enterprises to connect their business processes with identity events; and reporting and analytics. Further, the company provides autonomous identity products that comprise predictive confidence scores for access; overprovisioned access detection and access revocation recommendations; outlier detection; identity automation recommendations; role mining and recommendations; joiner, mover, and leaver access automation; and automated approvals and certifications. ForgeRock, Inc. was founded in 2009 and is headquartered in San Francisco, California.

Victor Ake

Steve Ferris

Hermann Svoren

Lasse Andresen

Jonathan Scudder

ForgeRock, Inc.

Fortinet, Inc. provides broad, integrated, and automated cybersecurity solutions in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. It offers FortiGate hardware and software licenses that provide various security and networking functions, including firewall, intrusion prevention, anti-malware, virtual private network, application control, web filtering, anti-spam, and wide area network acceleration. The company also provides FortiSwitch product family that offers secure switching solutions for connecting customers their end devices; FortiAP product family, which provides secure wireless networking solutions; FortiExtender, a hardware appliance; FortiAnalyzer product family, which offers centralized network logging, analyzing, and reporting solutions; and FortiManager product family that provides central and scalable management solution for its FortiGate products. It offers FortiWeb product family provides web application firewall solutions; FortiMail product family that secure email gateway solutions; FortiSandbox technology that delivers proactive detection and mitigation services; FortiClient that provides endpoint protection with pattern-based anti-malware, behavior-based exploit protection, web-filtering, and an application firewall; FortiToken and FortiAuthenticator product families for multi-factor authentication to safeguard systems, assets, and data; and FortiEDR/XDR, an endpoint protection solution that provides both comprehensive machine-learning anti-malware execution and real-time post-infection protection. It provides security subscription, technical support, professional, and training services. It sells its security solutions to channel partners and directly to various customers in telecommunications, technology, government, financial services, education, retail, manufacturing, and healthcare industries. It has strategic alliance with Linksys. Fortinet, Inc. was incorporated in 2000 and is headquartered in Sunnyvale, California.

Metric
Company Name	Altamount	instinctools	ForgeRock, Inc.	Fortinet, Inc.
Symbol			FORG	FTNT
MSH ID	DE:ALTAMOUNT	COM:INSTINCTOOLS	COM:FORGEROCK	COM:FORTINET
Market	PRIVATE	PRIVATE	STOCKS	STOCKS
Sector	Technology	Technology	Technology	Technology
Industry	Information Technology	Software Development	Software - Infrastructure	Software - Infrastructure
Country	DE	DE	US	US
Stage				Venture Round
Employee Count			923	13.52K
Website	altamount.de	instinctools.com	forgerock.com	fortinet.com
LinkedIn				fortinet
Founders

Metric
Market Cap	1.95B	45.52B
Enterprise Value
Monthly Web Traffic
Web Traffic Growth
Valuation
Raised Capital		50M

Metric
Revenue	217.51M	5.30B
Revenue (LTM)
Revenue (NTM)
Gross Profit	177.97M	4.07B
EBITDA	-56.35M	1.24B
Operating Income	-60.38M	1.24B
Net Income	-66.27M	1.15B
EPS	-0.78	1.47
Diluted EPS	-0.78	1.46
Revenue 2022
Revenue 2023
Revenue 2024
Revenue 2025
Revenue 2026

Metric
Revenue Growth (LTM)
Revenue Growth (NTM)
Gross Profit Growth (LTM)
EBITDA Growth (LTM)
Net Income Growth (LTM)
14-Day Growth Score
28-Day Growth Score
90-Day Growth Score
365-Day Growth Score

Metric
Gross Profit Margin	0.81	0.78
Operating Profit Margin	-0.29	0.26
EBITDA Margin	-0.26	0.23
Net Profit Margin	-0.34	0.24
Return on Equity	-0.27	-22.01
Return on Assets	-0.18	0.16
Return on Capital Employed	-0.21	0.35

DE:ALTAMOUNT

Altamount

Company Overview

Market Metrics

Financial Performance

Growth Metrics

Profitability Ratios

Valuation Multiples

Operational Metrics

Cash Flow Metrics

Balance Sheet Metrics

Efficiency Metrics

Metric
P/E Ratio	-25.23	44.74
P/B Ratio	7.13	694.80
Revenue Multiple (LTM)
Revenue Multiple (NTM)
EBITDA Multiple (LTM)
EBITDA Multiple (NTM)
Price to Sales Ratio	8.02	11.45
EV Multiple	-37.63	41.39

Metric
Days Sales Outstanding	114.83	71.54
Days Payables Outstanding	48.38	76.05
Days Inventory Outstanding	77.65	143.03
Operating Cycle	192.47	239.49
Cash Conversion Cycle	144.09	179.22
Asset Turnover	0.53	0.73

Metric
Operating Cash Flow	-45.01M	1.94B
Free Cash Flow	-46.63M	1.73B
Cash Flow to Debt	-0.79	2.10
Operating Cash Flow/Sales	-0.16	0.39
Free Cash Flow Yield	-0.02	0.04

Metric
Cash & Equivalents	128.80M	1.40B
Accounts Receivable	-13.37M	-146.40M
Inventory	21.13M	484.80M
Goodwill		126.50M
Debt to Capitalization	0.15	1.82
Debt to Assets	0.11	0.16
Current Ratio	3.61	1.30
Quick Ratio	3.42	1.22

Metric
Rule of 40 (LTM)
Rule of 40 (NTM)
Stock Comp to Revenue	0.16	0.05
R&D to Revenue	0.27	0.11
SG&A to Revenue	0.27	0.04