Penta Security Applauded by Frost & Sullivan for Safeguarding Applications and APIs from Sophisticated Threats and for Its Market-leading Position

Avatar photo
Business Intelligence

Penta Security has grown and maintained its leadership position in the South Korean WAF industry, recording a year-over-year double digit revenue growth in 2022, lower than the 20% in 2021.

SAN ANTONIO, May 26, 2023 /PRNewswire/ — Frost & Sullivan recently assessed the web application firewall (WAF) industry and, based on its findings, recognizes Penta Security Systems with the 2023 South Korean Company of the Year Award. The company deploys WAPPLES, its International Computer Security Association (ICSA) Labs-certified WAF, in public cloud environments, such as AWS and Microsoft Azure, and uses its Security-as-a-Service (SECaaS) Cloudbric to support expedited cloud migration processes. Penta Security’s diverse portfolio of supported cloud environments addresses the increasing demand for cloud-based WAF solutions over the last two years. With WAPPLES supporting local cloud environments across Asia-Pacific, the company offers scalability and accessibility to its customers, differentiating it in South Korea.

Penta Security bridges local WAF market technology gaps by offering comprehensive threat protection. WAPPLES’ threat intelligence platform detects new web vulnerabilities, provides automated vulnerability updates, and allows customers to patch vulnerabilities quickly and respond to attacks instantly. Based on advanced technologies that improve threat detection efficiency, the solution instantly detects and blocks known, modified, and zero-day attack vectors that alter the application programming interface (API) and YAML data formats within incoming web traffic, differentiating Penta Security from competitors.

Ying Ting Neoh, Cybersecurity Research Analyst, Frost & Sullivan, observed, “Penta Security has gained a competitive edge in the local market by staying updated and complying with the latest regulations in South Korea. Frost & Sullivan commends its WAF solutions that showcase the implementation of best practices to meet customers’ unmet needs.”

Penta Security’s WAPPLES successfully reduces false positives and achieves a 144% improved network performance, compared to the previous model after an upgrade. The company’s sandbox environment for WAPPLES fends off evolving application layer attacks, and its strategic partnerships in South Korea and worldwide provide local customers with access to advanced technologies, a world-class experience, and 24/7 support when expanding the geographic reach. Penta Security continuously fosters strong customer ties and achieves loyalty across the South Korean WAF industry, with its reputation and brand value in the region garnering solid growth across verticals in 2022.

“Penta Security has positioned itself as an industry leader in South Korea due to its steady business performance in 2022. It has continuously upheld its brand value as the South Korean WAF industry leader while fostering strong customer relationships,” added Neoh. With its strong overall performance, Penta Security earns Frost & Sullivan’s 2023 South Korean Company of the Year Award in the WAF industry.

Each year, Frost & Sullivan presents a Company of the Year award to the organization that demonstrates excellence, in terms of growth strategy and implementation in its field. The award recognizes a high degree of innovation with products and technologies and the resulting leadership, in terms of customer value and market penetration.

Frost & Sullivan Best Practices Awards recognize companies in various regional and global markets for demonstrating outstanding achievement and superior performance in leadership, technological innovation, customer service, and strategic product development. Industry analysts compare market participants and measure performance through in-depth interviews, analyses, and extensive secondary research to identify best practices in the industry.

About Frost & Sullivan
For six decades, Frost & Sullivan has been world-renowned for its role in helping investors, corporate leaders, and governments navigate economic changes and identify disruptive technologies, Mega Trends, new business models, and companies to action, resulting in a continuous flow of growth opportunities to drive future success. Contact us: Start the discussion.

Contact:
Tammy Chan
E: [email protected]

About Penta Security 
A global leader in web, data, and IoT security with 26 years of expertise in powering secured connections, Penta Security’s next-generation web application firewall WAPPLES has been the market leader in the Korean market for 15 consecutive years since 2008 and has maintained a leading position in the Asia-Pacific region after obtaining the largest market share in 2016. Its COCEP detection engine is known to be one of the most advanced logic-based detection tools in the industry.

For more information, visit pentasecurity.com.

For partnerships, email mailto:[email protected].

SOURCE Frost & Sullivan

相關文章

澳門大學預測2024年澳門GDP增長16.8%

澳門大學發表2024年澳門宏觀經濟修訂預測,預計澳門今年地區生產總值增長16.8%,恢復至2019年水平的94.5%。

澳門2月新批核住宅按揭及商用物業貸款均下跌

澳門金融管理局4月11日發佈的統計數據顯示,2024年2月新批核的住宅按揭貸款按月下跌 42.5%至 6.9 億澳門元。

第十二屆旅博會將於4月26日揭幕

第十二屆澳門國際旅遊(產業)博覽會將於4月26日至28日舉行,今屆旅博會以“相匯旅博 相聚商機”為口號,招聚海內外旅遊及相關業者來澳參與。截至目前,參展商有超過600家,買家約500位,展位超過1,300個。

探索線上演唱會動態

澳門旅遊學院研究人員探討消費者決定“參與”線上演唱會的動機,並為優化此類活動提供了指引。 

澳門總體失業率維持2.2%,本地居民失業率為2.8%

澳門統計暨普查局資料顯示,2023年12月至2024年2月期間,澳門總體失業率為2.2%,本地居民失業率為2.8%。

澳門2月綜合物價按年升1.46%

統計暨普查局表示部份升幅是由於今年農曆新年在2月,而去年則在1月,物價在農曆新年期間普遍較高所引致。