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PatchLink recognised for patching and remediation

Lumension Security : 16 August, 2007  (Company News)
IDC honours PatchLink in report on the security and vulnerability market
PatchLink has been ranked as the top "Patching and Remediation Vendor" for the third consecutive year by IDC, a leading provider of global IT research and advice. According to the IDC report, PatchLink's global market share accounted for 14 percent of the total revenue for the Worldwide Patching and Remediation Software Market in 2006. Other highlights from the report include:

· The Security and Vulnerability Management (SVM) software market grew 19.5 percent from 2005 to 2006 (compared to 15 percent from 2004 to 2005). Total revenue for the SVM market was $1.89 billion in 2006 (compared with $1.58 billion in 2005).

· By 2011, the SVM market will exceed revenue of $4.38 billion with a steady annual growth rate of 18.4 percent.

· The total revenue for the Worldwide Patching and Remediation Software Market was $225.3 million in 2006. This represents a robust 35 percent increase from the 2005 total of $164.6 million.

· By 2011, three submarkets—policy and compliance, security information and event management, and patching and remediation—will all exceed $700 million in vendor revenue.

"Our findings in this report illustrate the importance of implementing solutions that provide a clear window into an organisation's security posture to effectively mitigate risk and comply with government regulations," said Charles Kolodgy, research director at IDC and co-author of this report. "The continued growth of the SVM market and all associated submarkets demonstrates the increasing need for tools that monitor and improve a company's risk position. In particular, developing a sound patch and remediation strategy for removing known vulnerabilities is essential to effective risk management. More and more organisations are realising this, making the patching and remediation segment the fastest growing among the security management submarkets." Kolodgy continued: "Companies understand that their systems, storage operations, network connectivity and endpoints need to be inherently secure. Customers are therefore demanding unified security management, security that is well integrated with the IT infrastructure, effective, manageable, and affordable."

"This report confirms what our 5,000 global customers already know—effective patch and remediation management is essential to an organisation's overall security and vulnerability management strategy," said Patrick Clawson, chairman and CEO of PatchLink. "The report also reveals that enterprises are now shifting emphasis from network to endpoint protection, especially with the escalating fear of unknown threats. This trend validates our acquisition of SecureWave and positions PatchLink as a definitive leader in the security and vulnerability management market, delivering best-of-breed solutions for unified protection and control."

PatchLink Update is the market's top-selling patch and vulnerability management solution, providing organisations with thorough vulnerability assessment, remediation, validation and comprehensive audit and compliance reporting to ensure the health of the IT environment. Through its 2007 acquisitions of Harris STAT and SecureWave, PatchLink now provides the industry's most comprehensive enterprise-wide policy management functionality to assess and prioritise vulnerabilities, proactively enforce application and device security policies and automatically patch and remediate vulnerabilities.
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