WatchGuard Announces Seventh Straight Quarter of Double-Digit Growth
SEATTLE, Oct. 23, 2012 /PRNewswire/ — WatchGuard® Technologies, a global leader in manageable business security solutions, today announced its Q3 financial results which continued a seven-quarter trend of double-digit year-over-year (YoY) growth. Driven by demand for WatchGuard’s core firewall and Unified Threat Management (UTM) products, the Asia Pacific (APAC) region and the Americas saw YoY gains of 42 percent and 17 percent respectively.
While other UTM vendors have reported YoY decline in Q3 revenues, WatchGuard’s growth trend continues with 13 percent overall UTM growth. WatchGuard’s enterprise-class products, such as the XTM 8, 10, and 20 Series, targeted at mid-sized and large distributed enterprises, showed a significantly higher rate of growth.
Newly updated 5 Series
WatchGuard credits much of its Q3 success to its newly updated XTM 5 Series UTM appliances. Within two months of availability, these solutions completely replaced the previous generation of the XTM 5 Series.
“WatchGuard decided five years ago to base our UTM products on industry standard hardware,” said Richard Barber, CFO at WatchGuard Technologies. “This lets us move our UTM technology quickly and efficiently to newly emerging high-performance platforms, as we demonstrated in Q3 with our high-selling 5 Series. These high-performance products have proven extremely popular with customers.”
WatchGuard appliances offer competitive UTM performance, security features, and more management and flexibility than other UTM providers. IT administrators can manage from a centralized console, with access to real-time monitoring and rich reporting. WatchGuard provides its manageability tools at no extra cost.
Manageability drives revenue surge in the Asia Pacific region
“More and more businesses in the Asia Pacific region are starting to understand the benefit of managing a large network from one centralized console,” said Scott Robertson, vice president, Asia Pacific at WatchGuard. “Other solutions are just not able to compete with our ease of use.”
About WatchGuard Technologies, Inc.
Since 1996, WatchGuard® Technologies, Inc. has been a global leader of business security solutions that solve real world security problems. WatchGuard provides easy-to-use but enterprise-powerful protection to hundreds of thousands of businesses worldwide. The WatchGuard family of threat management devices provides network, application and data protection, with unparalleled levels of manageability, usability, and visibility. WatchGuard products are backed by WatchGuard LiveSecurity® Service, an innovative support program. WatchGuard is headquartered in Seattle, Wash. with offices throughout North America, Europe, Asia Pacific, and Latin America. To learn more, visit www.watchguard.com.
WatchGuard is a registered trademark of WatchGuard Technologies, Inc. All other marks are property of their respective owners.
SOURCE WatchGuard Technologies, Inc.