March 7, 2006
NetIQ Ranked the Revenue and Market Share Leader in the Security and Vulnerability Management Software Market by Leading Analyst Firm
Info Security Products Guide Also Names NetIQ as “Hot Company” for 2006
SAN JOSE, Calif.
NetIQ Corp. (Nasdaq: NTIQ), a leading provider of integrated systems and security management solutions, today announced that IDC, a leading IT market research and advisory firm, has named the company as the revenue and market share leader for the security and vulnerability management (SVM) software market for calendar year 2004*. NetIQ was also named by Info Security Products Guide, a leading publication on security-related products and technologies, as a "Hot Company" for 2006 based on its criteria of products, people, performance and potential.
According to the IDC study, NetIQ led the security and vulnerability management software market category with a 6.9 percent market share. The SVM software market, defined by IDC as the merging of security management (SM) with vulnerability assessment (VA), had a worldwide revenue of $1.37 billion in 2004. It is forecast to grow to $3.10 billion by 2009, an increase of 17.8 percent. The study also found that NetIQ was among the market share leaders in key market segments such as Policy Compliance (NetIQ placed second), Security Information Event Management (NetIQ placed third) and Host Vulnerability Assessment (NetIQ placed third).
"With new threats and exploits constantly plaguing the integrity of the IT infrastructure, enterprises are clearly in need of comprehensive security and vulnerability management software products," said Charles Kolodgy, research director of Secure Content and Threat Management Products, IDC. "We expect to see the need for these types of solutions increase in the future."
Additionally, NetIQ was recently named by Info Security Products Guide as a "Hot Company" winner for 2006 based on its analysis of more than 600 information security vendors from around the world. NetIQ's security solutions, best-of-breed product suites and Knowledge-Based Service Assurance strategy were among the factors that contributed to its win. To read NetIQ's "Hot Companies" review, please visit http://www.infosecurityproductsguide.com/hot2006/NetIQ.html.
Rick Justice, chief editor of Info Security Products Guide, commented on the publication's selection of NetIQ: "With attacks becoming highly sophisticated and blended in nature, the intent now is purely criminal. Enterprises can adopt a proactive stance to fend off security threats with NetIQ's Knowledge-Based Service Assurance strategy and products. That is why we recognized NetIQ as a security industry leader."
"We are delighted to be acknowledged by both IDC and Info Security Products Guide for our strong position in the security software industry," said Matt Dircks, senior vice president of Products and Markets, NetIQ. "We expect to continue our growth in this sector by providing customers with innovative software solutions that help them make their IT systems secure, available and performing optimally."
About Info Security Products Guide Awards
Info Security Products Guide plays a vital role in keeping end-users informed of the choices they can make when it comes to protecting their digital resources. It is written expressly for those who are adamant on staying informed of security threats and the preventive measure they can take. You will discover a wealth of information in this guide including award winning case studies and deployment scenarios, people and technologies shaping info security and the best selling products. The Info Security Products Guide Awards recognize and honor excellence in all areas of information security. To learn more, visit http://www.infosecurityproductsguide.com.
NetIQ is a leading provider of integrated systems and security management solutions that empower IT organizations with the knowledge and ability necessary to assure IT service. NetIQ's Knowledge-Based Service Assurance products and solutions include embedded knowledge and tools to implement industry best practices and to better ensure operational integrity, manage service levels and risk, and ensure policy compliance. NetIQ's modular, best-of-breed solutions for Performance & Availability Management, Security Management, Configuration & Vulnerability Management, and Operational Change Control integrate through an open, service-oriented architecture allowing for common reporting, analytics and dashboards.
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