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WatchGuard’s Q1 revenue top grossing first quarter in company’s history

Marks second record-breaking quarter in a row

Business security solutions vendor, WatchGuard Technologies, reported another massive revenue growth in the first quarter, surpassing a record Q4 in 2010.

The company said its top grossing Q1 in history was due to increased business demand across all regions.

Growth across A/NZ was stimulated by local interest for WatchGuard's all-in-one secure email, content and data leakage prevention solutions available through WatchGuard’s XCS product range.

It recorded 46 per cent year-on-year growth.

WatchGuard named three factors that contributed to its back-to-back record growth:

    Along with an increase among SMB purchases, there was a substantially improved demand from mid-market and enterprise organisations – indicating broader industry adoption of multifunction security appliances as businesses replace legacy firewalls with feature-rich UTM appliances. WatchGuard noted tremendous demand for its latest Application Control security service. There was a growing requirement for its cloud-based security service, Reputation Enabled Defense, which provides businesses with faster, more dynamic web surfing experiences and greater protection against viruses, malware, spyware, keyloggers, botnets and other Web-based threats.

The company recently released the latest enhancements to its XTM operating system and engaged five new partners to its reseller portfolio.

Nominations for the 2012 ARN IT Industry Awards open on Tuesday, June 12.

More about: WatchGuard, WatchGuard Technologies
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Tags: botnets, keyloggers, malware, Reputation Enabled Defense, spyware, viruses, watchguard, XCS
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