SEATTLE Jan. 31, 2011
Record-breaking WatchGuard Revenue Growth Seen Worldwide
December 31, 2010
- Southern Europe
- Latin America
- Hong Kong Taiwan
As well, global revenue for WatchGuard grew 18 percent sequentially over Q3, 2010, indicating accelerated growth moving into 2011.
Several factors contributed to WatchGuard’s record growth. First, WatchGuard notes an increase overall among SMB purchases, as well as substantially improved demand from mid-market and enterprise organizations. This indicates broader industry adoption in favor of multifunction security appliances and a shift away from single purpose appliances.
Second, WatchGuard notes a substantial increase of add-on services purchased along with WatchGuard XTM appliances. Since 2006, the attach rate of adding multiple security services on individual WatchGuard appliances continues to dramatically increase. This trend further supports the view that more businesses are consolidating security functions into one, easy to manage and lower total cost of ownership security appliance from WatchGuard.
Currently, WatchGuard offers seven add on security services for XTM appliances, including: Application Control, WebBlocker, Gateway Antivirus, Reputation Enabled Defense, spamBlocker, Intrusion Prevention and LiveSecurity. These services can be purchased as a bundle or individually to best meet customer needs.
Asia Pacific Latin America Europe Africa Middle East
Wang concludes, "Businesses today face unprecedented challenges in keeping data safe; no longer is a traditional firewall capable at protecting critical business assets. With WatchGuard, businesses gain an evolving security platform that scales with their growth. WatchGuard XTM and XCS appliances are dynamically designed to stop today’s threats as well as tomorrow’s next-generation attacks."
About WatchGuard Technologies, Inc.
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SOURCE WatchGuard Technologies, Inc.