SOURCE: PatchLink Corporation

August 15, 2007 12:19 ET

IDC Ranks PatchLink as Top Worldwide "Patching and Remediation Vendor" for Third Consecutive Year

SCOTTSDALE, AZ--(Marketwire - August 15, 2007) - PatchLink Corporation, a global leader in security and vulnerability management, today announced that the Company has been ranked as the top "Patching and Remediation Vendor" for the third consecutive year by IDC, a leading provider of global IT research and advice. According to the IDC report(1), PatchLink's global market share accounted for 14 percent of the total revenue for the Worldwide Patching and Remediation Software Market in 2006. Other highlights from the report include:

--  The Security and Vulnerability Management (SVM) software market grew
    19.5 percent from 2005 to 2006 (compared to 15 percent from 2004 to 2005).
    Total revenue for the SVM market was $1.89 billion in 2006 (compared with
    $1.58 billion in 2005).
--  By 2011, the SVM market will exceed revenue of $4.38 billion with a
    steady annual growth rate of 18.4 percent.
--  The total revenue for the Worldwide Patching and Remediation Software
    Market was $225.3 million in 2006. This represents a robust 35 percent
    increase from the 2005 total of $164.6 million.
--  By 2011, three submarkets -- policy and compliance, security
    information and event management, and patching and remediation -- will all
    exceed $700 million in vendor revenue.

"Our findings in this report illustrate the importance of implementing solutions that provide a clear window into an organization's security posture to effectively mitigate risk and comply with government regulations," said Charles Kolodgy, research director at IDC, and co-author of this report. "The continued growth of the SVM market and all associated submarkets demonstrates the increasing need for tools that monitor and improve a company's risk position. In particular, developing a sound patch and remediation strategy for removing known vulnerabilities is essential to effective risk management. More and more organizations are realizing this, making the patching and remediation segment the fastest growing among all the security management submarkets."

Kolodgy continued: "Companies understand that their systems, storage operations, network connectivity and endpoints need to be inherently secure. Customers are therefore demanding unified security management, security that is well integrated with the IT infrastructure, effective, manageable, and affordable."

"This report confirms what our 5,000 global customers already know -- effective patch and remediation management is essential to an organization's overall security and vulnerability management strategy," said Patrick Clawson, chairman and CEO of PatchLink. "The report also reveals that enterprises are now shifting emphasis from network to endpoint protection, especially with the escalating fear of unknown threats. This trend validates our acquisition of SecureWave and positions PatchLink as a definitive leader in the security and vulnerability management market, delivering best-of-breed solutions for unified protection and control."

PatchLink Update is the market's top-selling patch and vulnerability management solution, providing organizations with thorough vulnerability assessment, remediation, validation and comprehensive audit and compliance reporting to ensure the health of the IT environment. Through its 2007 acquisitions of Harris STAT and SecureWave, PatchLink now provides the industry's most comprehensive enterprise-wide policy management functionality to assess and prioritize vulnerabilities, proactively enforce application and device security policies and automatically patch and remediate vulnerabilities.

About PatchLink® Corporation

PatchLink, a global leader in vulnerability management solutions, provides the industry's first comprehensive security platform for unified protection and control of all enterprise servers and endpoints. More than 5,000 organizations around the globe use PatchLink's positive security model solutions to integrate management and administration, consolidate infrastructure, enforce enterprise-level policies, lower cost of ownership and reduce risk. PatchLink is headquartered in Scottsdale, Arizona and was founded in 1991 by Sean Moshir.

©2007 PatchLink Corporation. All rights reserved. PatchLink, SecureWave, the PatchLink logo, and the PatchLink and Sanctuary product names and logos are either registered trademarks or trademarks of PatchLink Corporation. In addition, other companies' names and products mentioned in this document, if any, may be either registered trademarks or trademarks of their respective owners.

(1) Worldwide Security and Vulnerability Management Software 2007-2011 Forecast and Analysis: Governing Security and Risk Management -- (#207658)

Contact Information