Top Industry Analyst Firm Re-Affirms Watchfire's Market-Leadership Position in Web Application Vulnerability Assessment Market
Watchfire
Sue Ann Wright
613.599.3888 ext. 4039
sueannw@watchfire.com
Schwartz Communications
Tim Whitman
781.684.0770
watchfire@schwartz-pr.com
WALTHAM, MA - July 17, 2007 - Top industry analyst firm Gartner, Inc. recently published new data positioning Watchfire as the worldwide market share leader in 2006 in the Application Security Vulnerability Scanning sub-category based on total software revenue according to the most recent, "Market Share: Application Development and Project and Portfolio Management Software, Worldwide, 2006." Watchfire continues its leadership position in this category for the second consecutive year.
In this report, Gartner estimates that the worldwide application development and project and portfolio management software market grew 6.9 percent in 2006 to nearly $7.2 billion and that total software revenue for the security vulnerability scanners market increased by 63.4%percent over 2005 . According to this report, security vulnerability scanners demonstrated the largest growth in this market. The Gartner Dataquest report is the fourth consecutive industry analyst report naming Watchfire as the market-share leader.
"Over the past year, demand for Watchfire's products have grown, and we believe the new market-share report from Gartner verifies that demand, which is largely influenced by the need to secure web applications earlier in the development lifecycle," said Peter McKay, president and CEO of Watchfire. "Watchfire's technology is proven and hundreds of customers rely on it each and every day to provide a level of assurance and to assist with compliance initiatives. In recent months we introduced a QuickScan feature which allows for individual developers to perform security scans during the development process. Results are delivered in the form of a task list as opposed to detailed security reports. This simplifies the process of fixing issues much earlier in the development lifecycle. We also launched a solution that provides IT managers with company-wide visibility and the ability to administer multiple copies of our desktop solution as a way to aggregate vulnerability data into a centralized location and distribute reports to QA and development to facilitate remediation."
This latest report continues a trend of industry achievements for Watchfire. Recent accolades include:
- Watchfire recognition as the Best Security Company at the most recent RSA Conference, winning three 2007 SC Magazine Excellence Awards.
- Watchfire named a winner in the Security category award in the SD Times 100
- Watchfire's AppScan winning the Dr. Dobb's Journal 17th Annual Jolt Award for Security (chosen over competitors as the most innovative, trend-making, ahead-of-the-curve security product that developers should be using today).
- Watchfire named the worldwide market share leader in the application vulnerability assessment software category for the second year in a row by leading IT market research/advisory firm IDC.
- Watchfire named one of the top 25 innovations by Financial IT Security Magazine in its 2007 "Future Now" list.
- Selection as a "Top Pick" for 2007 in the ITDefense Product Directory.
- Software Test and Performance selection of Watchfire as a finalist for the Tester's Choice Awards.
- SOA Web Services Journal readers chose Watchfire as a finalist for the Best Security Solution in the pending Reader's Choice awards.
More than 800 customers worldwide rely on Watchfire's testing software and services to help lock down the security, privacy and compliance of their websites. Watchfire's flagship product, AppScan, is the market-leading web application security assessment suite that accurately pinpoints critical vulnerabilities and manages the process of fixing them. Solutions include:
- AppScan 7.6: World's most popular and precise application vulnerability assessment product
- AppScan QA: Seamlessly integrates web application security testing into the current QA environment
- AppScan Reporting Console: Industry's first web-based, multi-user solution to aggregate vulnerability data and provide scalable report access
- AppScan Enterprise: Industry's first web-based, multi-user solution to extend application security testing throughout your SDLC
- AppScan Enterprise OnDemand: Web application vulnerability assessment software offered as a service
Gartner's Market Share Report titled "Market Share: Application Development and Project and Portfolio Management, Worldwide, 2006" is authored by Laurie Wurster, Fabrizio Biscotti and Asheesh Raina. The report analyzes the total software revenue for vendors in the application development and project and portfolio management markets. Gartner is a leading provider of research and analysis on the global information technology industry.
About Watchfire
Watchfire is the leading provider of web application security software and the only company to offer an end-to-end solution including intelligent fix recommendations to evaluate, understand and resolve issues. More than 800 enterprises and government agencies, including AXA Financial, SunTrust, HSBC, Vodafone, Veterans Affairs and Dell rely on Watchfire to identify, report and help remediate security vulnerabilities. Watchfire has been the recipient of several industry honors including: winning an unprecedented three out of five 2007 SC Magazine Excellence Awards (including Best Security Company); the HP/IAPP Privacy Innovation Award; Computerworld's Innovative Technology Award; winner of the Dr. Dobb's Journal 2007 Jolt Product Excellence Award for Security; and "Recommended" rating by Computer Reseller News. For two years in a row, Watchfire has been named by IDC as the worldwide market share leader in web application vulnerability assessment software. Watchfire's partners include IBM Global Services, Fortify, PricewaterhouseCoopers, Sapient, Microsoft, Interwoven and EMC Documentum. Watchfire is headquartered in Waltham, MA. For more information, please visit www.watchfire.com
On June 6, 2007 IBM announced it entered into an agreement to acquire Watchfire. The acquisition is subject to customary regulatory approvals and is expected to close in the third quarter of 2007.
Press Release retrieved from Watchfire
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