IDC Ranks NetScout as Top Vendor in Worldwide Network Performance Management Market
Apr 30, 2009 (Close-Up Media via COMTEX) --
Company: NetScout Systems, Inc. (NTCT)
NetScout Systems announced that IDC, a provider of global IT research and advice, recently released a report titled "Worldwide Network Performance and Operations Management 2009-2013 Forecast and 2008 Vendor Shares," in which NetScout is ranked as the top vendor in the market segment with a 14 percent market share position for calendar year 2008.
The IDC report, published in April 2009, identifies NetScout as ascending into the top-tier of the performance and operations management market segment.
"In 2008, NetScout broke ranks and through the acquisition of Network General moved into the top 5 with the big system IT vendors in terms of revenue earnings," the report said. "It is important to note that this does not mean that NetScout is displacing system IT vendors but rather that its segment of the market is growing at a faster rate than the system IT vendors. Its solution is a complementary one, and it has a tight relationship with other tech vendors such as HP and IBM."
"Our vision and strategy continues to be focused on meeting IT's need to more effectively assure service delivery in the rapidly transforming IP network environment," said Steven Shalita, VP, marketing for NetScout Systems. "The company's acquisition of Network General and subsequent technology integration has been a key part of our strategy to extend our product portfolio and its value to IT by leveraging the strengths of two market leading companies. Our execution of this strategy has enabled us to deliver compelling solutions that position us as a strategic vendor, which is reflected in IDC's recently released market data."
NetScout Systems is a developer and provider of network, application and service delivery management solutions.
((Comments on this story may be sent to newsdesk@closeupmedia.com))
Copyright (C) 2009 Close-Up Media. All rights reserved
News Provided by COMTEX
Company: NetScout Systems, Inc. (NTCT)
Related terms: acquisition, earnings, environment, market, market share, marketing, note, research, revenue, technology
