Infonetics VPN/Firewall Market Report: NetScreen Leads in Revenue Growth for Q3 2002
Guildford, U.K., Dec. 13, 2002—NetScreen Technologies Inc. (Nasdaq: NSCN) today announced that the results of the latest Infonetics Research quarterly market study show that NetScreen had the leading revenue growth of the top five vendors in the Worldwide Total VPN and Firewall Appliance Solutions segment for the third calendar quarter of 2002.
Data from the report, titled “VPN and Firewall Products – Worldwide Market Share and Forecasts for 3Q02”, indicates NetScreen revenue grew by 11 percent while the other top five vendors ranged from an increase of 1 percent to a decrease of 4 percent for the quarter.
NetScreen unit market share was 10.5 percent of the overall market for the quarter, according to Infonetics. NetScreen’s unit and revenue growth outpaced the overall firewall-VPN appliance segment, which measured 9 percent unit growth and 2 percent revenue growth.
“NetScreen continued its strong growth even in a historically slow quarter for the market,” said Jeff Wilson, executive director at Infonetics, an international market research and consulting firm covering the networking and telecommunications industries. “Increasing network security is becoming a critical initiative as many large enterprises move from a centralised Internet connectivity model to a distributed one. These companies are looking for security solutions, such as NetScreen’s, that offer performance, security and total-cost-of-ownership benefits that best fit this new model.”
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About NetScreen Technologies
NetScreen Technologies, Inc., is a leading developer of integrated network security solutions that offer the security, performance and total cost of ownership required by enterprises and carriers. NetScreen’s innovative solutions provide key security technologies, such as virtual private network, denial of service protection, firewall and intrusion prevention, in a line of easy-to-manage security appliances and systems. NetScreen is located at 350 Oakmead Parkway, Sunnyvale, CA, 94085, U.S.A., and in Europe at Victoria House, Cross Lanes, Guildford, Surrey GU1 1UJ, U.K. More information on NetScreen’s products in Europe can be found at http://www.netscreen.com or by calling +44 0 8700 75 00 00.