WatchGuard Technologies Reverberates Record Quarterly Billings

Seattle: WatchGuard Technologies, a front-runner in integrated security platforms, today announced it set a new company record with its financial results for Q4 2013. Driven by dint of the October launch of WatchGuard Dimension, its newfangled cloud-ready security visibility tool which 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.

While WatchGuard continued to see strong global growth with small- and medium-sized distributed enterprise customers, the company attained a 41 percent increase in high-end platform sales as the UTM value proposition continues to penetrate into the larger enterprise space.  In addition, fresh business in Q4 2013 grew 30 percent quarter-over-quarters.

Scott Robertson, Vice President of the Asia Pacific region for WatchGuard Technologies, also attributes strong regional growth to the forte of the UTM value proposition, despite reports of an economic slowdown.  “At a time like this, enterprise customers seek three key benefits form their IT investments – to increase revenue, reduce costs and mitigate risk — and with WatchGuard UTM we can help IT departments deliver on all these objectives,” reportedly said Robertson.

“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,” reportedly quipped,  WatchGuard Technologies CEO, Joe Wang.