WatchGuard A/NZ faces double digit growth

Q1 breaks record and sees increasing demand for high-end security products

Business security vendor, WatchGuard Technologies, has announced its Q1 2012 results for A/NZ, and again recorded year-on-year double digit growth.

The company broke its former record, with business growing more than 14 per cent over all business lines and growth in the mid-market lines growing 94 per cent and representing more than 25 per cent of the total A/NZ revenue.

WatchGuard Asia-Pacific vice-president, Scott Robertson, said the company continued to lead in the SMB security segment with more than 14 per cent growth over the same period last year.

“The A/NZ business experienced 94 per cent growth in XTM 8, 10 and 20 Series sales which deliver up to 10GB of XTM/UTM throughput and are purpose built for the needs of mid-market enterprises,” he said.

Robertson attributed the Q1 success to its channel partners, product offerings and customer value.

He expects 2012 appears to bring in another record-breaking year and continue its pattern of significant growth.

WatchGuard has previous noted five consecutive quarters of double-digit growth (averaging 15 per cent) from the company’s core UTM business, high customer retention rates, and 39 per cent YoY billings growth for its enterprise class, next-generation multi-function firewalls.