Leading Analyst Firm Rates Verizon Business as 'Strong Positive' in Managed Security Services MarketScope Report for Europe

READING, England, Oct. 20 /PRNewswire/ -- Gartner Inc. has rated Verizon Business as "Strong Positive" in the industry analyst firm's new "MarketScope for Managed Security Services in Europe."(1)

To achieve a "Strong Positive" rating, companies must be "viewed as a provider of strategic products, services or solutions." Customers should continue with planned investments, and potential customers should consider this vendor a strong choice for strategic investments.

Jonathan Nguyen-Duy, Verizon Business' director of global security services, said: "Our customers are leveraging Verizon's expertise and global infrastructure to address a wide range of  challenges including cyber threats, regulatory compliance and the adoption of cloud-based computing services. Managed security services are increasingly seen as an integral element of  strategic technology investments and an enabler of IT transformation.

"Our technology and security professionals continue to set us apart from the competition, and we are continually investing in new services and infrastructure to better serve our customers."

According to Gartner's report, "With a portfolio of mature basic services and an array of innovative options, the MSS market in Europe is mature with a solid growth perspective, despite — or to some extent because of — a continuously difficult global economic climate. Secure infrastructure management is a prerequisite for businesses that have to cut costs and operate under regulatory scrutiny and tight competition. Outsourcing of security to 'nearshore' or offshore countries has become a normal business option for most organizations.

"These factors have resulted in the MSS market in Europe being forecast to grow at a 14% compound annual growth rate from 2010 to 2014 (with the market size for 2010 forecast at $2.1 billion), which means it is still one of the growth sectors in the IT industry," the report said.  

Verizon Business' robust portfolio of security solutions is aimed at helping enterprises and government agencies manage security risk and protect critical company assets.  In addition to a wide range of premises- and cloud-based security services, Verizon offers risk and compliance solutions, data loss prevention solutions, identity management solutions, and a complete range of professional services delivered by more than 1,200 security professionals around the globe.

About Verizon Business

Verizon Business, a unit of Verizon Communications (NYSE, Nasdaq: VZ), is a global leader in communications and IT solutions. We combine professional expertise with the world's most connected IP network to deliver award-winning communications, IT, information security and network solutions.  We securely connect today's extended enterprises of widespread and mobile customers, partners, suppliers and employees – enabling them to increase productivity and efficiency and help preserve the environment.  Many of the world's largest businesses and governments – including 96 percent of the Fortune 1000 and thousands of government agencies and educational institutions – rely on our professional and managed services and network technologies to accelerate their business. Find out more at www.verizonbusiness.com.

About the MarketScope

The "MarketScope for Managed Security Services in Europe" is copyrighted 2010 by Gartner Inc. and is reused with permission. The MarketScope is an evaluation of a marketplace at and for a specific time period. It depicts Gartner's analysis of how certain vendors measure against criteria for that marketplace, as defined by Gartner. Gartner does not endorse any vendor, product or service depicted in the MarketScope, and does not advise technology users to select only those vendors with the highest rating. Gartner disclaims all warranties, express or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose.

(1) Gartner, Inc. "MarketScope for Managed Security Services in Europe"; 30 September 2010; Authors: Carsten Casper, Tom Scholtz, ID Number: G00206878

SOURCE Verizon Business