WatchGuard reports further growth

WatchGuard reports further growth

Claims its overall Q2 billings grew by 16 per cent year-over-year

Business security vendor, WatchGuard Technologies, recently announced its Q2 A/NZ growth figures, which showed its Q2 billings overall grew 16 per cent YOY and 18 per cent YOY for its core firewall and next generation Unified Threat Management (UTM) products.

This follows its recent Q1 2012 A/NZ results announcement.

According to the company, this is the sixth consecutive year that its core products have achieved double-digit growth, averaging at 16 per cent YOY during that time.

WatchGuard attributed its gains to its enhanced manageability features designed for enterprises, resulting in increased demand for its XTM Series UTM products for mid-sized and large businesses.

WatchGuard Technologies A/NZ regional director, Pat Devlin, said it has been able to double, and in many cases triple, its performance with the recent hardware refresh of its XTM 5 series products.

He added that the exponential rise in global security threats, coupled with pressures to comply with industry standards and government regulations, have heightened the burden on security professionals to find cost-effective solutions that give them greater control.

“A/NZ region boasted a growth of 23 per cent in Q2, and while WatchGuard’s clients continue to expect the best in performance, IT professionals look to us for real world security solutions which make it easier for them to manage their network security without the high expense,” Devlin said.

WatchGuard expects to continue its pattern of growth and aims to attract new enterprise customers.

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