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Sunnyvale, CA, United States, 2010/07/21 - Palo Alto Networks™, the network security company, today announced that it has received the prestigious recognition of Frost & Sullivan's "2010 Global Entrepreneurial Company of the Year Award" for its accomplishments in the firewall market. NYSE: PANW
"Palo Alto Networks' family of next-generation firewalls has helped propel the company's growth since its founding in 2005 and the company has some of the leading and most influential industry leaders at the helm," said Chris Rodriguez, research analyst for Frost & Sullivan. "As a result, Palo Alto Networks has boasted extremely high annual growth rates, highlighted by the company recently celebrating its 1,500th enterprise customer. Palo Alto Networks is fully anticipated to continue its meteoric rise in the firewall market."
For the award, the following criteria were used to benchmark Palo Alto Networks' performance against key competitors:
• Growth Strategy Excellence;
• Growth Implementation Excellence;
• Degree of Innovation with Products and Technologies;
• Leadership in Customer Value;
• Speed of Response to Market Needs.
According to Frost & Sullivan, customers consider firewall technology to be unchanged and indistinguishable from one vendor to another and this will cause customers to invest in solutions from their existing information technology providers. However, a security technology cannot remain static for several years and still provide effective protection from new and different threats.
An entrepreneurial company can meet these challenges by introducing an evolutionary product or market strategy. The introduction of a new technology is necessary in order to better protect customers, due to the constantly evolving nature of the threat landscape.
"It's an honor to be recognized by such a distinguished research firm as Frost & Sullivan. Their perspective, advice and expertise are sought by companies around the world," said Lane Bess, president and CEO at Palo Alto Networks. "As a leading innovator in the network security category, we will continue to deliver high customer value and stay focused in our commitment to excellence."
Palo Alto Networks was founded with the intention of reinventing the firewall in order to better defend customer networks in this new threat environment. The Palo Alto Networks firewall utilizes three scanning methodologies to control network traffic: AppID, UserID, and ContentID. Between these three technologies, Palo Alto Networks' customers now have unprecedented visibility and control of network traffic based on user identity, application, and content. This provides the highest levels of granular access control and can be used to defend against threats, prevent data leakage, and prevent access to inappropriate Web content.
About Frost & Sullivan
Frost & Sullivan (frost.com), 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 almost 50 years of experience in partnering with Global 1000 companies, emerging businesses and the investment community from 40 offices on six continents.
About Palo Alto Networks
Palo Alto Networks™ (paloaltonetworks.com) is the network security company. Its next-generation firewalls enable unprecedented visibility and granular policy control of applications and content – by user, not just IP address – at up to 10Gbps with no performance degradation. Based on patent-pending App-ID™ technology, Palo Alto Networks firewalls accurately identify and control applications – regardless of port, protocol, evasive tactic or SSL encryption – and scan content to stop threats and prevent data leakage. Enterprises can for the first time embrace Web 2.0 and maintain complete visibility and control, while significantly reducing total cost of ownership through device consolidation.
Palo Alto Networks, "The Network Security Company," the Palo Alto Networks Logo, App-ID, and GlobalProtect are trademarks of Palo Alto Networks, Inc. in the United States. All other trademarks, trade names or service marks used or mentioned herein belong to their respective owners.