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.