Demand is on the rise for cybersecurity solutions as the IT environment evolves and moves toward the cloud, and key verticals like the U.S. government and the payment card industry (PCI) are forced to buy cybersecurity solutions in an ever-changing threat environment, says Jonathan Ho, Analyst at William Blair & Company, L.L.C.
“We are seeing things like virtualization, cloud computing, the advent of smart mobile devices and other factors that are basically creating a lot more vulnerabilities with which the bad guys can potentially penetrate networks,” Ho said. “This will create new growth opportunities for a lot of the companies in the space.”
Ho points to Sourcefire (FIRE) as his top name in the cybersecurity space. He says FIRE has recently expanded its distribution opportunity, with the potential to double the number of value-added resellers available. Ho says Sourcefire is also expanding its product offerings, and has a track record of creating innovate cybersecurity solutions.
“Sourcefire overall has some pretty exciting opportunities ahead of it. In the fourth quarter, the company plans to launch two new products in two brand new areas: the next-generation firewall space and the antivirus space. I think both of those have the potential to shift the way the market looks at the technologies,” Ho said.
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