WatchGuard Reports 23 percent Growth in Q4 Net Billings

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

WatchGuard Technologies has set a new company record with its financial results for Q4 2013. Driven by the October launch of WatchGuard Dimension, its new 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 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.

WatchGuard continues to identify the MEA region as a key growth market for the company, and has invested further in marketing and training to help support and expand their existing presence with the addition of Surender Bishnoi as Regional Manager throughout the Middle East.

“With the growth we experienced throughout 2013 it is clear that more customers are looking to WatchGuard to safeguard their networks against online security threats” stated Surender Bishnoi, WatchGuard, Regional Manager MEA. “A key focus for us for the coming 12 months will be to provide our channel partners with all the necessary tools and support they require to handle the increase in demand.”

Philippe Ortodoro, vice president of the EMEA region for WatchGuard Technologies, also attributes regional growth to the power of the UTM value proposition. “Throughout EMEA, our performance was driven by increasing awareness that UTM solutions are the most cost effective security responses in these times of scarce budgets,” said Ortodoro.