WatchGuard Technologies Reports Record Quarterly Billings

Company's new real-time security visibility solution, WatchGuard Dimension, is key driver of strong growth across small, medium and large enterprise markets

Jan 14, 2014, 11:00 ET from WatchGuard Technologies, Inc.

SEATTLE, Jan. 14, 2014 /PRNewswire/ -- WatchGuard® Technologies, a leader in integrated security platforms, today announced it set a new company record with its financial results for Q4 2013. Driven by the October launch of WatchGuard Dimension™, a new cloud-ready security visibility tool that comes standard on the company's flagship Unified Threat Management (UTM) platform, the company grew net billings worldwide by 23 percent in Q4, when compared to the fourth quarter of 2012.      

(Photo: http://photos.prnewswire.com/prnh/20140114/SF45829)

While WatchGuard continued to see strong global growth with small- and medium-sized distributed enterprise customers, the company achieved a 41 percent increase in high-end platform sales as the UTM value proposition continues to penetrate into the larger enterprise space.  In addition, new business in Q4 2013 grew 30 percent quarter-over-quarter as WatchGuard's new VP of Sales, Alex Thurber, rolled out new initiatives such as a new industry-leading enhanced deal registration program.

"As we move into 2014, we're excited to continue our pace of innovation and our growth momentum, as the market continues to embrace the value proposition of UTM, and its ability to simplify security and reduce the overall total cost of ownership for network security solutions," said WatchGuard Technologies CEO Joe Wang.   

WatchGuard Dimension is a cloud-ready network security visibility solution that comes standard on all of WatchGuard's integrated network security platforms. Dimension provides a suite of big data visibility and reporting tools that instantly isolate and distill key security issues and trends, speeding the ability to set meaningful security policies across the network. Learn more by test-driving Dimension today.

About WatchGuard Technologies, Inc.

WatchGuard® Technologies, Inc. is a global leader of integrated, multi-function business security solutions that intelligently combine industry standard hardware, Best-of-Breed security features, and policy-based management tools. WatchGuard provides easy-to-use, but enterprise-powerful protection to hundreds of thousands of businesses worldwide. WatchGuard products are backed by WatchGuard LiveSecurity® Service, an innovative support program. WatchGuard is headquartered in Seattle, Wash. with offices throughout North America, Europe, Asia Pacific, and Latin America. To learn more, visit WatchGuard.com.

For additional information, promotions and updates, follow WatchGuard on Twitter @WatchGuardTech on Facebook, or on the LinkedIn Company page.

WatchGuard is a registered trademark of WatchGuard Technologies, Inc.  All other marks are property of their respective owners.

Contacts:
Kerry Desberg
WatchGuard Technologies
(206) 613-3760
Kerry.Desberg@watchguard.com

Justin Hall
Voxus PR
253-444-5442
jhall@voxuspr.com

SOURCE WatchGuard Technologies, Inc.



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