WatchGuard Technologies Breaks Record for Q3 Revenues and Profits

Monday, 02 November 2009 09:41

“This quarter is an auspicious sign for WatchGuard, our Channel Partners and customers, as it signals solid demand for our innovative, cost-efficient and highly effective business-security solutions,” said Joe Wang, CEO, WatchGuard Technologies. “Security threats are becoming more elusive, sophisticated and powerful, and many businesses around the globe are turning to WatchGuard as their security vendor of choice, rather than relying on monolithic networking vendors to provide network, application and data security.”

WatchGuard Revenue Growth Seen Worldwide

WatchGuard broke all historic Q3 records due to numerous countries achieving double-digit, top-line revenue growth. Adding to this, the company achieved record quarterly profits since its privatisation in 2006. Within WatchGuard territories, Asia Pacific (APAC), Americas (AMER) and Europe/Middle East and Africa (EMEA), the following regions and countries achieved either double-digit, year-over-year growth or double-digit, quarterly sequential growth, and in some markets, both. They are:

APAC

· Australia/New Zealand – 29.3 per cent sequential growth

· China – 54.4 per cent sequential growth

· Japan – 52.9 per cent year-over-year growth

· Korea – 21.7 per cent sequential growth

· Malaysia/Singapore/Vietnam – 13.9 per cent sequential growth

AMER

· North, Central and Latin America – 16.6 per cent year-over-year growth, and 14.6 per cent sequential growth

EMEA

· Belgium/Netherland/Luxembourg – 34.1 per cent sequential growth

· Finland/Denmark/Sweden/Norway – 27.9 per cent sequential growth

· Greece/Turkey – 67.3 per cent sequential growth

· Spain/Portugal – 50.0 per cent sequential growth

· Switzerland – 67.2 per cent year-over-year growth, and 44.3 per cent sequential growth

These growth figures neither reflect nor include revenues generated by BorderWare Technologies, a company that WatchGuard acquired during Q3 of this year. BorderWare extends WatchGuard’s security portfolio by offering messaging and content security solutions, as well as cutting-edge cloud-based security solutions.

In particular, WatchGuard notes that its high-growth resulted from strong mid-market and enterprise demand for the WatchGuard Firebox Core, Peak and recently released flagship unified-threat-management appliance, the WatchGuard XTM 1050.

Wang concludes, “In this economy, business agility is paramount to survival and growth. Because agility is in our DNA, WatchGuard is able to deliver tomorrow’s security solutions to businesses today. This gives our customers a strategic IT and business advantage in protecting their networks, applications and data.”

About WatchGuard Technologies, Inc.

Since 1996, WatchGuard® Technologies, Inc. has been the advanced technology leader of network-security solutions, providing mission-critical security to hundreds of thousands of businesses worldwide. The WatchGuard family of wired and wireless unified threat management (UTM) appliances and WatchGuard SSL VPN remote-access solutions provide extensible network security, unparalleled network visibility, management and control. WatchGuard products are backed by WatchGuard LiveSecurity® Service – an innovative support, maintenance, and education programme. WatchGuard is headquartered in Seattle, Washington and has its Asia Pacific regional headquarters in Singapore, with other offices in Hong Kong, Mumbai, Seoul, Shanghai, Sydney and Tokyo. To learn more, visit www.watchguard.com.

WatchGuard, Firebox, LiveSecurity, BorderWare, SteelGate and ReputationAuthority are either registered trademarks or trademarks of WatchGuard Technologies, Inc. in the United States and/or other countries. All other trademarks are the property of their respective owners.