Top 10 IT Security Companies   |  March 18, 2008  

 

 

IT Security has become a much more proactive industry, unlike 10 years ago when it was much more reactive. The problems facing IT security professionals are increasingly diverse (such as worms, security violations, spyware and spam), as each new technology brings a new set of security risks to mitigate. Consumer and corporate data portability, social networking, wikis and all-in-one devices each blur the line between personal and corporate data, shared and private information.

With 15 companies that make up the IT Security category, the distribution in terms of primary focus area within the Branham Top 250 categories is fairly even: six software, four professional services, three hardware and infrastructure and two xSP companies. The combined 2007 fiscal year revenues for all players in this sub-category are $328.16 million. The Top 10 firms exhibited combined year-over-year growth of 33.21 per cent.

Within the Top 10 security companies, five companies are new to the category this year. Memory Experts regains first place on the list at $70 million, a 40 per cent growth in revenues compared to 12 months ago. Five companies, including three of the five returning security companies, experienced year-over-year growth of more than 40 per cent. Notably, Absolute Software, which focuses primarily on IT security, exhibited the highest growth from 2006 of the Top 10 security companies at 72.24 per cent. Graycon Group was able to claim the final spot at $17.2 million.

The 2007 edition of Symantec’s Pulse of IT Security in Canada reveals that 82 per cent of respondents think IT security is important, while 34 per cent are more concerned with IT security compared to 12 months ago. Other findings from the study reveal that the top three investment plans include intrusion detection, anti-virus and firewall investments, while 68 per cent of respondents revealed they spend less than 10 per cent of total IT dollars on security.


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