Frost & Sullivan has given its 2010 North American Award for Market Penetration Leadership in managed security services to Verizon Business, citing the company's strong growth in the market, robust cloud- and premises-based product portfolio and product strategy centered on risk management. This award is presented to the managed security services provider demonstrating excellence in expanding its business over the past year.
Frost & Sullivan found that Verizon has expanded its business in a number of ways, including "spreading its people and infrastructure over North America, Europe and Asia-Pacific," while "enhancing and developing its services by offering improved security through proactive risk-based security management."
Frost & Sullivan's findings highlight Verizon's overall managed security services capabilities, including delivering complete integrated security solutions across the entire IT stack, including the network, data, application and user layers.
Additionally Frost & Sullivan recognizes Verizon's ability to help clients better understand risk -- rather than all possible threats and vulnerabilities -- as a key market differentiator to provide clients with "an enhanced security posture through a better long-term risk management solution."
Martha Vazquez, research analyst, Frost & Sullivan, said, "Verizon Business's services are designed to deliver real-world benefits in terms of technology, efficiency, resource allocation and compliance/governance management. To its credit, Verizon is unique in its ability to deliver globally consistent products while providing enterprise clients with a local touch."
The report concludes that Verizon -- with its full breadth of service, proprietary risk-based correlation, network intelligence and proactive risk model -- provides enterprises worldwide with a winning combination.
Peter Tippett, vice president of technology and innovation at Verizon Business, said: "This award is the latest in an incredible year for Verizon Business Security Solutions, in which our portfolio has been recognized repeatedly by the industry. Independent third-party research continues to validate what we have known all along -- that no other provider can match the breadth and depth of our security services, global presence and renowned expertise."
In addition to Managed Security Services, Verizon Business offers governance, risk and compliance solutions, data loss and prevention solutions, and identity management solutions, delivered by the company's more than 1,200 security professionals around the globe. More information is available by visiting http://www.verizonbusiness.com/products/security. The company also provides additional security insight and analysis via the Verizon Security Blog.
About the Frost & Sullivan Market Penetration Leadership Award
The Market Penetration Leadership Award is presented each year to the company that has demonstrated excellence in capturing market share within their industry. The recipient has demonstrated strategic excellence in product innovation, marketing and sales strategies that have resulted in the largest gain in market share over the past two to three years. The recipient of this Award has excelled based on one or more of the following criteria: competitive pricing strategies (perceived customers value versus price); strong salesforce strategy; ability to establish brand awareness through promotional activities; strategic alliances that expand customer base; and product innovation satisfying unmet needs, creating new needs and developing new technologies.
About Frost & Sullivan
Frost & Sullivan, the Growth Partnership Company, enables clients to accelerate growth and achieve best-in-class positions in growth, innovation and leadership. The company's Growth Partnership Service provides the CEO and the CEO's Growth Team with disciplined research and best-practice models to drive the generation, evaluation, and implementation of powerful growth strategies. Frost & Sullivan leverages over 45 years of experience in partnering with Global 1000 companies, emerging businesses and the investment community from 40 offices on six continents. To join our Growth Partnership, please visit http://www.frost.com.
About Verizon Business
Verizon Business, a unit of Verizon Communications (NYSE, NASDAQ: VZ), is a global leader in communications and IT solutions. We combine professional expertise with one of the world's most connected IP networks to deliver award-winning communications, IT, information security and network solutions. We securely connect today's extended enterprises of widespread and mobile customers, partners, suppliers and employees - enabling them to increase productivity and efficiency and help preserve the environment. Many of the world's largest businesses and governments - including 96 percent of the Fortune 1000 and thousands of government agencies and educational institutions - rely on our professional and managed services and network technologies to accelerate their business. Find out more at www.verizonbusiness.com.
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