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SOFTWARE INDUSTRY NEWS |
Panda Security reports higher revenues from corporate cloud and SaaS |
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Cloud security company Panda Security, while announcing key milestones at the RSA conference, has said that revenue growth for its corporate cloud security product division exceeded its estimates for calendar year 2009 and quadrupled the industry average growth rate for Security-as-a-Service solutions. The company said this growth was evidence of strong demand among small and medium sized businesses (SMBs) and their solution providers for lightweight cloud security services that are significantly easier and less expensive to manage compared to traditional software alternatives.
Juan Santana, CEO of Panda Security said that strong revenues from cloud security services products demonstrate “not only Panda’s ability to retain its first-mover advantage, having introduced our cloud capabilities five years ago, but validates analyst predictions for the emerging cloud security marketplace.” Research firm Gartner has also forecast cloud-based services to more than triple in many security segments by 2013. The firm says security applications delivered as cloud-based services will have “a dramatic impact on the industry.” It says enterprises will use cloud-based security controls to address the new security challenges that cloud-based computing will bring and “are most likely to prosper.” |
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