WatchGuard

WatchGuard

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The Firebox product line was one of the first widely available network security appliances and won multiple awards, including Tester's Choice Award from Data Communications (1997), Best Buy Award from Network Solutions (1997), and Editor's Choice Awards from Communications News and Network Solutions (1998). WatchGuard capitalized on their early lead in this market with the Firebox II appliance launched in May 1998 at Networld Interop. [cite press release| title=WatchGuard Introduces Firebox II| date=May 5,1998|url=http://www.highbeam.com/doc/1G1-20560305.html] In 1999, the company launched the LiveSecurity® Service for IT administrators in addition to a managed security product for ISPs, which was adopted by companies such as UUnet, PSINet and Verio. [cite news | title= WatchGuard To Provide Verio's Security Services | Publisher=Internet News|date=April 27th, 1999 |url=http://www.internetnews.com/ent-news/article.php/106621]

In July 1999 the company filed for an initial public offering on the NASDAQ under the ticker symbol WGRD and closed the year with $47m in annual revenue. In October 1999, WatchGuard acquired Beadlenet of Laguna Hills, California and introduced a successful line of SOHO products. [cite news | title= WatchGuard buys way into SOHO market | Publisher=Computergram International | date=October 27th, 1999|url=http://www.findarticles.com/p/articles/mi_m0CGN/is_1999_Oct_27/ai_56955968.] By the end of 1999, the company's market capitalization was $558m. [cite news | title=1999 IPO scorecard | Publisher=IPO Monitor | date=December 31st, 1999 |url=http://www.ipomonitor.com/reviews/1999/pages/industry-NET.shtml] A secondary public offering followed in January 2000 and market capitalization jumped to over one billion dollars during 2000.

WatchGuard was purchased for $151m by Francisco Partners and Vector Capital and taken private in October 2006. [cite news| title=WatchGuard being bought for $151M| Publisher=Puget Sound Business Journal|date=July 25, 2006 |url=http://seattle.bizjournals.com/seattle/stories/2006/07/24/daily9.html] [cite press release| title=WatchGuard Announces New Ownership| date=October 4, 2006 |url=http://www.watchguard.com/press/releases/wg370.asp]

External links

* [http://www.watchguard.com Official company website]
* [http://blogs.watchguard.com WatchGuard Blog]

References


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