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Technologies,
one of the global leaders of business security solutions, has
recently announced that it has received Frost and Sullivan Global
2010 Growth Leadership Award for unified threat management (UTM).
This award is a prestigious recognition of WatchGuard's
accomplishments in the UTM market. This award is presented to the
company that demonstrates excellence in capturing highest annual
compound growth rate for the last three years.
"It is an honor to be
recognized by Frost and Sullivan as a UTM growth leader," said
Eric Aarrestad, VP-Marketing, WatchGuard Technologies. "This
award illustrates what many of our customers and channel partners
already know— that no other competitor beats WatchGuard solutions
for protecting business networks, applications and data," he
added.
WatchGuard Technologies
— Key Performance Drivers
Frost and Sullivan reports
that WatchGuard witnessed the highest growth rates from 2006 to 2009
as validation of its market strategy and product strengths.
Furthermore, they added that company's growth is largely due to its
product leadership, as well as continued product line development,
strategic expansion and a clear company vision. "WatchGuard has
proven to be a formidable vendor in the network security market,"
said Robert Ayoub, Industry Manager Network Security at Frost and
Sullivan. "The combination of high-performance security
appliances and stellar management and reporting tools makes
WatchGuard solutions a highly desirable offering to protect mission
critical IT resources."
Key Growth Factor —
Product Excellence
WatchGuard offers
extensible threat management (XTM) solutions that enable customers to
build a security platform that best meets their needs. This approach
provides strong security, management flexibility and improved
networking capabilities. Furthermore, WatchGuard XTM appliances
provide tremendous value in their ability to be easily upgraded over
time. This allows customers to adjust and scale their security
coverage along with their company's growth, new and inchoate threats,
and evolving technologies. Frost and Sullivan
summarizes that the company's excellence in product features,
functionality and performance is a prominent factor in its strong
growth rates.
Key Growth Factor —
Strategic Expansion
WatchGuard has
demonstrated healthy organic growth in recent years, however the
company made a crucial decision to expand its market presence by
acquiring BorderWare Technologies in August 2009. BorderWare proved
to be a natural fit for WatchGuard, and by November 2009, the company
released its first line of extensible content security (XCS)
appliances. The acquisition of a best-in-class content security
technology expands WatchGuard's market base and opens new
opportunities for expansion. Frost and Sullivan report says that,
"This move demonstrates WatchGuard's ability to analyze its
competitive positioning, create a viable strategy and implement the
plan to great success. This ability has helped the company's growth
and makes the company a leading market contender."
Key Growth Factor —
Continuous Product Line Improvements
Despite company's initial
success, WatchGuard continues to analyze its product offerings for
opportunities to improve. The company has broadened its XTM line of
appliances to meet the needs of small office/branch office
environments all the way to mid-market and large-scale enterprises.
Furthermore, WatchGuard continues to improve on its managed security
service provider (MSSP) offerings, and with its debut of Reputation
Enabled Defense, WatchGuard stands to bring cloud-based security
services to mainstream markets.
Key Growth Factor —
Clear Company Vision
W0atchGuard's success in
the UTM market can be traced to its company's vision to provide
affordable, all-in-one network and content protection. This
unrelenting focus on security has enabled WatchGuard to offer quality
and flexible products and implement successful market strategies.
With this advantage, the company is now positioned to continue
growing in terms of revenue and market share.