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UK performs strongly as WatchGuard reports growth

Simon Quicke

Security player WatchGuard has revealed that the UK is its best performing market outside of its native US as it cranked up orders in its fourth fiscal quarter.

The privately-owned vendor does not release full financial information but it has announced that the UK growth in billings was 78% for its last fiscal year compared to 2010.

The vendor is trumpeting a best ever quarter as a result of units shipped and in terms of profits pointing to the demand for its unified threat management products as a reason its year ended so strongly.

"The demand for multifunction, easy to use and affordable network security is at an all time high," said Joe Wang, CEO, WatchGuard Technologies.  

He added that headlines about security threats had driven awareness, leading to increased sales, but it was also benefiting from a desire by users to move away from old technology to make sure they had the latest threats covered.

One source said that more users were waking up to the realisation their security was reactive and unable to fend off attacks or react to them quickly enough. The result was a growing demand for products that could defend against web based attacks.

Switzerland and Singapore were the two countries following the UK with growth of 60 plus percent each.


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