Firewall and VPN specialist company takes record earnings in 2009 as takeup improves across the company’s product range
WatchGuard Technologies has broken company revenue records for both Q4 2009 and for the 2009 calendar year. WatchGuard attributes this to substantial global adoption and new mid-market and enterprise customer deployments of its innovative multifunction firewalls, award-winning SSL VPN appliances and cutting-edge threat-blocking services. Notably, these record revenues do not include contributions from BorderWare Technologies, a leading developer of messaging, content and cloud-based security solutions, whose acquisition was completed in August 2009.
WatchGuard’s revenue growth was seen worldwide, with numerous countries achieving double-digit, top-line revenue growth. The strong revenue performance was led by the following: US, UK, France, Italy, Austria, Australia/New Zealand, China, Korea and Singapore/Malaysia, which all reported record Q4 2009 revenues, year-over-year revenue growth or both. In particular, the UK recorded a 20.7% year on year growth between 2008-2009. WatchGuard expects to see this strong momentum to carry through 2010 as new products and solutions are introduced, and as businesses respond to compliance and regulatory measures.
“Recessions aside, those who create malware, spyware and who hack into networks for sensitive business and personal information, continue to develop sophisticated threats and stealthy attacks,” said Joe Wang, CEO of WatchGuard Technologies. “Because of this, SME to large scale enterprise customers turned to WatchGuard to provide mission critical protection for their networks, applications and data. With solutions that are extremely flexible, easy to manage and that provide the best total cost of ownership, customers and their channel partners trust in WatchGuard where other vendors fail.”
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