WatchGuard has revealed that the third quarter was a healthy one on terms of both profits and revenues underlining the continued stability in the security sector.
The privately-owned vendor is not required to provide the details that public companies would so the numbers are lacking but speaking to MicroScope the WatchGuard CEO Joe Wang said that it had grown but had been hit by the recession.
“We are seeing growth but it is not as fast as we hoped but we are continuing to grow,” he said.
He said that the emerging economies including China and Brazil seemed to have exited recession and the US was also coming out of it with the UK not too far behind.
“There are clear signs that the economy is improving in Europe,” he added.
Meanwhile, WatchGuard has signed a deal with anti-virus specialist AVG to include the vendor’s product on part of its XTM appliance.
Wang said that it had gone through testing with a large range of products on the market before settling on AVG.