IDC Ranks PatchLink as Top Worldwide "Patching and Remediation Vendor" for Third Consecutive Year
IDC Ranks PatchLink as Top Worldwide "Patching and Remediation Vendor" for Third Consecutive Year
Aug. 15, 2007 04:18 PM
SCOTTSDALE, AZ -- (MARKET WIRE) -- 08/15/07 -- PatchLink Corporation, a global leader in
security and vulnerability management, today announced that the Company has
been ranked as the top "Patching and Remediation Vendor" for the third
consecutive year by IDC, a leading provider of global IT research and
advice. According to the IDC report(1), PatchLink's global market share
accounted for 14 percent of the total revenue for the Worldwide Patching
and Remediation Software Market in 2006. Other highlights from the report
include:
-- The Security and Vulnerability Management (SVM) software market grew
19.5 percent from 2005 to 2006 (compared to 15 percent from 2004 to 2005).
Total revenue for the SVM market was $1.89 billion in 2006 (compared with
$1.58 billion in 2005).
-- By 2011, the SVM market will exceed revenue of $4.38 billion with a
steady annual growth rate of 18.4 percent.
-- The total revenue for the Worldwide Patching and Remediation Software
Market was $225.3 million in 2006. This represents a robust 35 percent
increase from the 2005 total of $164.6 million.
-- By 2011, three submarkets -- policy and compliance, security
information and event management, and patching and remediation -- will all
exceed $700 million in vendor revenue.
"Our findings in this report illustrate the importance of implementing
solutions that provide a clear window into an organization's security
posture to effectively mitigate risk and comply with government
regulations," said Charles Kolodgy, research director at IDC, and co-author
of this report. "The continued growth of the SVM market and all associated
submarkets demonstrates the increasing need for tools that monitor and
improve a company's risk position. In particular, developing a sound patch
and remediation strategy for removing known vulnerabilities is essential to
effective risk management. More and more organizations are realizing this,
making the patching and remediation segment the fastest growing among all
the security management submarkets."
Kolodgy continued: "Companies understand that their systems, storage
operations, network connectivity and endpoints need to be inherently
secure. Customers are therefore demanding unified security management,
security that is well integrated with the IT infrastructure, effective,
manageable, and affordable."
"This report confirms what our 5,000 global customers already know --
effective patch and remediation management is essential to an
organization's overall security and vulnerability management strategy,"
said Patrick Clawson, chairman and CEO of PatchLink. "The report also
reveals that enterprises are now shifting emphasis from network to endpoint
protection, especially with the escalating fear of unknown threats. This
trend validates our acquisition of SecureWave and positions PatchLink as a
definitive leader in the security and vulnerability management market,
delivering best-of-breed solutions for unified protection and control."
PatchLink Update is the market's top-selling patch and vulnerability
management solution, providing organizations with thorough vulnerability
assessment, remediation, validation and comprehensive audit and compliance
reporting to ensure the health of the IT environment. Through its 2007
acquisitions of Harris STAT and SecureWave, PatchLink now provides the
industry's most comprehensive enterprise-wide policy management
functionality to assess and prioritize vulnerabilities, proactively enforce
application and device security policies and automatically patch and
remediate vulnerabilities.
About PatchLink® Corporation
PatchLink, a global leader in
vulnerability management solutions, provides the industry's first
comprehensive security platform for unified protection and control of all
enterprise servers and endpoints. More than 5,000 organizations around the
globe use PatchLink's positive security model solutions to integrate
management and administration, consolidate infrastructure, enforce
enterprise-level policies, lower cost of ownership and reduce risk.
PatchLink is headquartered in Scottsdale, Arizona and was founded in 1991
by Sean Moshir.
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