Watchfire Solidifies Leadership in Web Application Security and Online Risk Market.WALTHAM, Mass. -- 2005 Highlighted by Industry Analyst Recognition, Strategic Acquisitions, Significant Enterprise Customer Wins, Customer Retention, Prestigious Awards and Increased Web Application Security Market Share Watchfire, the leading provider of Online Risk Management software and services to help ensure the security and compliance of websites, today announced another solid year of growth. Highlighted by a successful acquisition, product releases, prestigious industry awards and high-profile customer wins, 2005 strengthened the company's leadership position in the web application security and online risk market. Watchfire added more than 170 customers, including HSBC HSBC Hongkong and Shanghai Banking Corporation HSBC Humane Society of Broward County (Florida) HSBC Humane Society of Bay County (Bay County, Michigan) , Albertsons, Nike, U.S. Army, U.S. Air Force Academy, Vodafone and Weight Watchers, while maintaining renewal rates of over 95 percent. Enterprises use the company's solutions to minimize online risk, help ensure web application security and assist with compliance with privacy policies and global legislation for a range of industries, including financial services The examples and perspective in this article or section may not represent a worldwide view of the subject. Please [ improve this article] or discuss the issue on the talk page. , government, manufacturing and technology. Watchfire now counts nine of the top 10 banks, seven of the world's 10 largest pharmaceutical companies, eight of the world's 10 largest technology companies and seven of the world's most valuable global brands as customers. Watchfire also added many of the biggest federal agencies as customers including U.S. Department of Health and Human Services Noun 1. Department of Health and Human Services - the United States federal department that administers all federal programs dealing with health and welfare; created in 1979 Health and Human Services, HHS , Social Security Administration, Office of Personnel Management, U.S. Department of the Interior, National Park Service, U.S. Air Force, U.S. Navy, U.S. Coast Guard, U.S. Army, Defense Intelligence Agency Noun 1. Defense Intelligence Agency - an intelligence agency of the United States in the Department of Defense; is responsible for providing intelligence in support of military planning and operations and weapons acquisition DIA , U.S. Department of Transportation, Federal Motor Carrier Safety Administration The FMCSA was established as a separate administration within the U.S. Department of Transportation (DOT) on January 1, 2000, pursuant to the Motor Carrier Safety Improvement Act of 1999. and the Federal Communications Commission Federal Communications Commission (FCC), independent executive agency of the U.S. government established in 1934 to regulate interstate and foreign communications in the public interest. (FCC (1) (Federal Communications Commission, Washington, DC, www.fcc.gov) The U.S. government agency that regulates interstate and international communications including wire, cable, radio, TV and satellite. The FCC was created under the U.S. ). In 2005, the company was notified of its placement as the worldwide market share leader in the web application vulnerability assessment software category in the most recent Worldwide Security and Vulnerability Management (SVM SVM Support Vector Machines SVM School of Veterinary Medicine SVM Solaris Volume Manager SVM Space Vector Modulation SVM Storage Virtualization Manager (StoreAge) SVM Service Module (also abbreviated as S/M) ) software report by leading IT market research and advisory firm, IDC.(1) Also in 2005, Watchfire was the recipient of several industry honors. Watchfire's WebXM(TM) was awarded the prestigious HP/IAPP Privacy Innovation Award for providing quantifiable value and innovative privacy technology resulting in more effective business processes and improving online customer trust and experience. Watchfire's leading web application security testing solution, AppScan(R), was selected as a finalist in two separate categories for SC Magazine's Excellence Awards -- Best Enterprise and Best SME (1) (Small and Medium-sized Enterprise) See SMB. (2) (Subject Matter Expert) An individual who is well-versed in the policies and procedures of a particular department or division. Security Solution -- in addition to being a finalist in Software Test & Performance magazine's Testers Choice Award. Additionally, Computer Reseller News bestowed AppScan 6.0 a "Recommended" rating following a comprehensive evaluation. In 2005, Watchfire acquired COAST Software, provider of online quality and privacy compliance software. This acquisition brought important global enterprise customers to Watchfire, and the acquired assets aligned strategically with the Company's focus on federal government agencies, particularly the U.S. Department of Defense. In 2005, Watchfire released new versions of its WebXM(TM) platform, AppScan(R) 6.0 and AppScan for Mercury Quality Center(TM). The company also introduced a new Banking Compliance module to meet the unique regulatory compliance needs of the banking industry and an Intranet solution designed to monitor and report on issues impacting employee productivity, risk, compliance and cost containment cost containment, n the features of a dental benefits program or of the administration of the program designed to reduce or eliminate certain charges to the plan. on today's complex corporate intranets. 2005 featured a number of additional and important achievements that helped position Watchfire as a market leader: --International Expansion- Watchfire opened a wholly-owned Japanese subsidiary in Tokyo bringing sales and services support for Watchfire's customers and partners located in the region, and is indicative of the growing international demand for web application security and compliance. --New Partners- Watchfire introduced a web application security partner program and signed 14 new global resellers, solution providers and technology partners including SiegeWorks, Fujitsu Korea, Mandiant, Stalwart, IBM Global Services IBM Global Services is the world's largest business and technology services provider. It is the fastest growing part of IBM, with over 190,000 professionals serving customers in more than 160 countries. , Sapient sa·pi·ent adj. Having great wisdom and discernment. [Middle English, from Old French, from Latin sapi and Ostfold Software. The company also expanded its technology partnerships with Mercury, F5 and Microsoft. --Security Zone Website-Watchfire launched a new website designed to serve as a single destination for targeted web application security resources. "The success of the past year reflects the strength of Watchfire's vision, ability to execute and the increasing market demand for solutions that help organizations solve the critical business problems that impact their bottom line," said Peter McKay, president and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. . "The results of 2005 highlight the strength of our business model, which has enabled Watchfire to leverage current market trends, our market-leading technology and industry partnerships to deliver consistent growth and leadership in the web application security and online risk market." About Watchfire Watchfire provides Online Risk Management software and services to help ensure the security and compliance of websites. More more than 500 enterprises and government agencies, including AXA AXA Anguilla, Anguilla (Airport Code) AXA Alpha Chi Alpha AXA Animal Crossing Ahead (online forum community/guide to the game Animal Crossing) AXA Auxiliary Artery Financial, SunTrust, HSBC, Vodafone, Veterans Affairs and Dell rely on Watchfire to audit and report on issues impacting their online business. Watchfire has been the recipient of several industry honors including the HP/IAPP Privacy Innovation Award, InfoSecurity Product Guide's Hot Security Company 2006, Computerworld's Innovative Technology Award, "Recommended" rating by Computer Reseller News, and is a finalist in SC Magazine Awards 2006. Watchfire was named by IDC as the worldwide market-share leader in web application vulnerability assessment software. Watchfire's partners include IBM Global Services, PricewaterhouseCoopers, TRUSTe, Microsoft, Interwoven in·ter·weave v. in·ter·wove , in·ter·wo·ven , inter·weav·ing, inter·weaves v.tr. 1. To weave together. 2. To blend together; intermix. v.intr. , EMC (1) (EMC Corporation, Hopkinton, MA, www.emc.com) The leading supplier of storage products for midrange computers and mainframes. Founded in 1979 by Richard J. Egan and Roger Marino, EMC has developed advanced storage and retrieval technologies for the world's largest companies. Documentum and Mercury. Watchfire is headquartered in Waltham, MA. For more information, please visit www.watchfire.com. Watchfire, WebXM, AppScan, PowerTools, the Bobby Logo and the Flame Logo are trademarks or registered trademarks of Watchfire Corporation. All other products, company names, and logos are trademarks or registered trademarks of their respective owners. (1)IDC, "Worldwide Security and Vulnerability Management Software 2005-2009 Forecast and Analysis: Taking Control of the Security Environment, Doc #34604, December 2005." |
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