WatchGuard's MSP Partner Focus Will Continue
WatchGuard's security platform extends from roughly 17,000 MSPs out to roughly 250,000 end-customer businesses worldwide. The platform supports network security and intelligence, endpoint protection, multi-factor authentication (MFA), and secure WiFi.Under Vector Capital's majority ownership, WatchGuard plans to continues its investments in cloud-based services and such areas as secure access service edge (SASE), extended detection and response (XDR), managed detection and response (MDR), and MSP-centric consumption and delivery models.In a prepared statement about the deal, WatchGuard CEO Prakash Panjwani said:“Vector firmly believes in WatchGuard’s portfolio, partners, employees, and vision. This transaction is a testament to WatchGuard’s current success and the opportunity ahead. We believe Vector is well positioned to further accelerate WatchGuard’s growth strategy while preserving our company culture and commitment to security delivery through the MSP community.”
“We are thrilled to continue the journey we started with WatchGuard’s employees, partners, and customers over a decade ago. We are proud of the foundation of success we’ve built with WatchGuard’s management team and look forward to fueling the next phase of growth and transformation for the company.”
“MSPs represent the future of security delivery, but to be successful, they need a bespoke platform built for their needs. WatchGuard is uniquely positioned to lead the market in enabling those MSPs with its Unified Security Platform. We are excited to further invest both organically and via acquisitions in the company’s mission to deliver security-focused MSPs one vendor, one platform, and one vision to build their business upon.”
“WatchGuard has established itself as a leading cybersecurity company under our joint ownership, with a relevant product portfolio, strong partner ecosystem, and talented team of employees. We are proud of our role in supporting WatchGuard’s transformation, and we look forward to following the company’s ongoing success as they continue to pave the way for simplified security when the industry needs it most.”