Infonetics VPN/Firewall Worldwide Report: NetScreen Gains in Revenue and Unit Market Share
GUILDFORD, U.K., July 1, 2003—NetScreen Technologies, Inc. (Nasdaq: NSCN) today announced that a report from Infonetics Research for the first quarter of 2003 shows that NetScreen maintained its No. 1 unit market share ranking for high-end devices and displaced two competitors for two significant firewall and VPN market share categories.
Data from the report, titled “VPN and Firewall Products – Quarterly Worldwide Market Share and Forecasts for 1Q03,” shows that in the first quarter of 2003, NetScreen: Ã‚Â· Maintained its No. 1 ranking for high-end devices (in the greater than $30,000 price-banded category) with more than 32 percent unit market share;
Ã‚Â· Passed a competitor and moved into second place in the mid-range (price-banded $10,000 to $30,000) category with nearly 17 percent unit market share; and
Ã‚Â· Reached third place for overall revenue in the Worldwide Total VPN and Firewall Appliance Hardware and Software Market Share category, displacing the previous incumbent.
“NetScreen turned in strong growth again this quarter, gaining 1.1 percent in overall revenue market share,” said Jeff Wilson, executive director at Infonetics, an international market research and consulting firm covering the networking and telecommunications industries. “NetScreen continues to gain market share from its competition, further validating its purpose-built, hardware-based approach to integrated firewall and VPN solutions.”
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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 805 11th Ave., Sunnyvale, CA, 94089, 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.