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The Frost & Sullivan award honors Qualys for its exceptional long-term growth strategy and credits the Company as "a crucial force in furthering the acceptance of Software-as-a-Service (SaaS) products."
"As the market shows signs of maturity, Qualys' ability to increase market share, grow at consistently high rates and retain an astoundingly high percentage of its impressive customer base solidifies its leading role in the vulnerability management market. In a million-dollar breach reality, the reliability of QualysGuard and the appeal of its SaaS delivery model sets the company apart in a very highly-competitive market," says Chris Rodriguez, research analyst with Frost & Sullivan. "Due to impressive year-over-year growth rates, Qualys is the undisputed recipient of the 2008 Global Growth Strategy Leadership Award." The research and growth consulting firm measured notable growth accomplishments in 2007 which include:
- A 98 percent renewal rate with enterprise customers - 40 percent revenue growth in 2007 compared to the industry average growth rate of 18.6 percent - Significant increase in market share to 13.3 percent of the world vulnerability assessment products market - Consistently high growth rates, year-over-year from 2004 to 2007
"This award signifies the fact that the Software-as-a-Service market has come full circle. During the economic recession earlier this decade, SaaS companies were questioned about the viability of their model as industry experts, investors and some enterprises discounted the impact of enterprise applications delivered over the Internet," says Philippe Courtot, CEO and chairman of Qualys. "During the current economic downturn, SaaS is seen as an IT budget savior providing powerful functionality and scalability to large enterprises, while dramatically reducing costs compared to enterprise software. Thanks to the visionary adoption of our early customers and the more recent support of thousands of new customers and partners around the world, security-as-a-service has become the delivery model for vulnerability management."
The Frost & Sullivan Award for Growth Strategy Leadership is presented each year to the company that has demonstrated an exceptional long-term growth strategy within its industry.
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