WatchGuard Technologies reports record quarterly billings
New Delhi, India, January 17, 2014: WatchGuard Technologies, a player in integrated security platforms, today announced it set a new company record with its financial results for Q4 2013. Driven by the October launch of WatchGuard Dimension, its new cloud-ready security visibility tool which comes standard on the company’s flagship Unified Threat Management (UTM) platform, the company grew net billings worldwide by 23 percent in Q4, when compared to the fourth quarter of 2012.
While WatchGuard continued to see strong global growth with small- and medium-sized distributed enterprise customers, the company achieved a 41 percent increase in high-end platform sales as the UTM value proposition continues to penetrate into the larger enterprise space. In addition, new business in Q4 2013 grew 30 percent quarter-over-quarters.
Scott Robertson, Vice President of the Asia Pacific region for WatchGuard Technologies, also attributes strong regional growth to the strength of the UTM value proposition, despite reports of an economic slowdown. “At a time like this, enterprise customers seek three key benefits form their IT investments – to increase revenue, reduce costs and mitigate risk — and with WatchGuard UTM we can help IT departments deliver on all these objectives,” said Robertson.
WatchGuard Technologies CEO Joe Wang said, “As we move into 2014, we’re excited to continue our pace of innovation and our growth momentum, as the market continues to embrace the value proposition of UTM and its ability to simplify security and reduce the overall total cost of ownership for network security solutions.”
WatchGuard Dimension is a cloud-ready network security visibility solution that comes standard on all of WatchGuard’s integrated network security platforms. Dimension provides a suite of big data visibility and reporting tools that instantly isolate and distill key security issues and trends, speeding the ability to set meaningful security policies across the network. Learn more by test-driving Dimension today.
© Mouseworld Now News Service