Axent Grabs Market Share Lead in Risk Assessment and Intrusion Detection Market
Independent Market Research Study by Hurwitz Group Shows AXENT is Dominant Security Provider with 43% Market Share
ROCKVILLE, Md.--(BUSINESS WIRE)--March 26, 1998-- AXENT Technologies, Inc. (NASDAQ:AXNT - news), The SOURCE for Enterprise Security(tm), today announced that a newly released market research study published by Hurwitz Group, confirms AXENT's clear leadership position in the security risk assessment and intrusion detection market.
The study, entitled ''Information Security: Assessing Risks and Detecting Intrusions,'' analyzes the key vendors in the risk assessment and intrusion detection market, and discusses the importance of organizations properly securing their computer business systems with a comprehensive approach.
According to Steven Foote, vice president of Hurwitz Group, ''The combined market for risk assessment and intrusion detection products is growing faster than 50% per year. In 1997, $65 million was spent on products in this market and there is no sign of the growth slowing down through the year 2000.''
''AXENT Technologies weighed in as the undisputed market leader with 1997 revenues of approximately $28 million for combined sales of its risk assessment product, OmniGuard/Enterprise Security Manager, and its intrusion detection product, Intruder Alert,'' continued Foote. ''With twice the revenue of its closest competitor, AXENT is the dominant player with 43% market share.''
Other vendors listed in the Hurwitz Group study include Internet Security Systems (ISS) with $13 million at 20% market share, Intrusion Detection, Inc. with $6 million at 9%, Trusted Information Systems (TIS) with $4 million at 6%, The Wheel Group with $3 million at 5%, Veritas with $2 million at 3%, and Network Associates with $1 million at 2% of the market.
''AXENT is proud to have achieved such a commanding lead in this fast-growing market,'' said John Becker, president and CEO of AXENT Technologies. ''This is consistent with our overall goal to not only provide the broadest line of security products to our customers, but also to take the leading position within each security market segment as a technology innovator with superior products.''
To receive a copy of the study, Information Security: Assessing Risks and Detecting Intrusions, go to www.axent.com, Highlights section or call 1-888-44-AXENT.
About AXENT(tm)
AXENT Technologies(R), The SOURCE for Enterprise Security(tm), protects your most valuable resource -- information. Most computer security products address only a small part of the security problem. AXENT reduces the burden of securing information in a complex environment by providing more products across more platforms than any other security provider. The award-winning product suite provides security assessment, intrusion detection, remote access security, single sign-on, Virtual Private Networks, web security and firewalls.
Headquartered in Rockville, MD, AXENT's customer-proven information security solutions are used by Fortune 1000 companies and governments worldwide. Contact AXENT via e-mail at info@axent.com, or visit AXENT's World Wide Web site at axent.com.
On February 5, 1998, AXENT Technologies, Inc., and Raptor Systems, Inc., merged after stockholders approved the transaction. The combined company is known as AXENT Technologies, Inc., and Raptor is a Strategic Business Unit (SBU) of AXENT Technologies, Inc.
About Hurwitz Group
Hurwitz Group is a management consulting and research firm focused on strategic business applications. Its services concentrate on application strategies, infrastructure and middleware, data warehousing and business intelligence, Internet business strategies, packaged software strategies, security strategies, component tools and architectures, and systems and applications management.
Hurwitz Group provides users a bridge for business and IT requirements, a framework for ROI analysis, and guidance with product selection, application delivery, integration, risk minimization and cost containment.
Through its strategic marketing advice and competitive analysis, Hurwitz Group enables software vendors to clarify and achieve business objectives; develop more effective product, sales, marketing and pricing strategies; realize competitive advantage; gain a firm understanding of user perceptions and marketplace requirements; and achieve more powerful and efficient solution-oriented sales.
AXENT, AXENT Technologies, the AXENT logo, The SOURCE for Enterprise Security, and Raptor are trademarks or registered trademarks, in the United States and certain other countries, of AXENT Technologies, Inc. or its subsidiaries. Windows and Windows NT are registered trademarks, and Windows 95 and ActiveX are trademarks, of Microsoft Corporation; NetWare is a registered trademark of Novell, Inc.; UNIX is a registered trademark licensed exclusively by X/Open Company, Ltd.; Java is a trademark of Sun Microsystems, Inc.; and other product names and trademarks are the property of their respective owners.
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Contact:
AXENT Technologies, Inc
Bob Goodman, (781) 530-2377
bgoodman@raptor.com |
