BASKING RIDGE, N.J. - Verizon Business' market leadership in the managed security services (MSS) space has earned the company further recognition. Top analyst firm Frost & Sullivan has awarded Verizon Business the 2009 North American Managed Security Service Providers (MSSP) Market Penetration Leadership Award.
"When it comes to information security, Verizon Business offers customers a unique blend of leading managed and professional services, broad global reach and talented security professionals - underpinned by one of the world's most expansive IP networks," said Kerry Bailey, senior vice president, Verizon Business global services. "We believe our recent recognition from Frost & Sullivan underscores our history of innovation and unsurpassed product portfolio of cloud and premises-based security solutions."
Bailey added, "More importantly, our enterprise customers continue to benefit from our know-how and deep expertise as we help them to safeguard critical corporate assets."
The Market Penetration Leadership Award is presented each year to a company that demonstrates strategic excellence in product innovation, marketing and sales strategies, resulting in the largest gain in market share over the past two to three years.
"Since the acquisition in 2007 of Cybertrust, a pure-play MSS provider, Verizon Business has uniquely leveraged each company's strength in order to become a powerful player in the MSSP market," said Martha Vazquez, research analyst, Frost & Sullivan. "Cybertrust was already a visionary leader in the MSS market in terms of market share, offerings and innovation, and the combination with Verizon Business allows the company to gain the financial backing, global brand name, customer base and scalable IP backbone needed to deliver flexible services."
In addition to praising Verizon Business' robust, flexible MSS suite, the firm recognizes Verizon Business' complementary information security consulting services. According to the report, Verizon Business' consulting services are an important part of the MSS sales cycle, as customers appreciate the high-value combination of professional and managed security services.
Adds Vazquez, "Verizon Business sees higher-than-average market growth in the MSSP market. Frost & Sullivan believes that the company will thrive and grow as Verizon Business continues to innovate and develop services that will enable a customer [to have] a strong security posture."
Most Comprehensive Set of Capabilities for Secure, Global Communications
Verizon Business provides the most comprehensive set of capabilities for global, secure communication services. For that reason, enterprise and government customers rely on Verizon Business' Security Solutions to help them manage security risk and protect critical company assets. The MSS suite includes monitoring and management for numerous devices, including anti-virus, anti-spam, anti-spyware, application log monitoring and management, Denial of Service defense, firewall, router, VPN, image and content control, intrusion detection and protection, proxy service and unified threat management. More information on Verizon Business' MSS suite is available by visiting: http://www.verizonbusiness.com/products/security/managed.
Verizon Business' MSS capabilities are complemented by leading professional security services in the areas of business continuity consulting; forensics and investigative response; governance, risk and compliance; identity management; and threat and vulnerability. Additionally, Verizon Business' security portfolio includes governance risk and compliance solutions, data loss and prevention solutions and identity management solutions.
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 31 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: VZ), is a leading provider of advanced communications and information technology (IT) solutions to large-business and government customers worldwide. Combining unsurpassed global network reach with advanced technology and professional service capabilities, Verizon Business delivers innovative and seamless business solutions to customers around the world. For more information, visit www.verizonbusiness.com.