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Frost & Sullivan Recognizes Penta Security with the 2016 Asian Cyber Security Vendor of the Year Award

2016-06-16 13:00 1857

SINGAPORE, June 16, 2016 /PRNewswire/ -- Frost & Sullivan has recognized Penta Security Systems with the 2016 Asian Cyber Security Vendor of the Year award.

The award was presented to Penta Security at the 13th annual Frost & Sullivan Asia-Pacific ICT Awards banquet held at the Equinox Restaurant, Swissotel The Stamford in Singapore on June 15.

Ms. Misun Yoon, Industry Analyst, Digital Transformation, Asia Pacific at Frost & Sullivan said that Penta Security Systems has established a strong relationship with its channel partners, which enabled it to enter other Asia-Pacific countries along with its strong commitment to technology excellence.

"As one of the prominent Asia-based cyber security vendors, Penta Security has excelled in creating a unique brand identity among Asia-Pacific enterprises, especially in South Korea where it is based. The company is also one of the leading vendors in the Web Application Firewall market in Asia-Pacific and has also excelled in developing new solutions to enable the digital transformation of the future, such as security solutions for smart cars," she added.

"We are honored to receive the Asian Cyber Security Vendor of the Year award from Frost & Sullivan, a leading growth consulting firm. Acknowledged as an innovative force, Penta Security will continue to pursue excellence in web and data security solutions within Asia Pacific," said Mr. Seokwoo Lee, CEO at Penta Security.

The contenders for the Frost & Sullivan Asia-Pacific ICT Awards were evaluated on a variety of actual market performance indicators which include revenue growth, market share and growth in market share, leadership in product innovation, breadth of products and solutions, major customer acquisitions, and business and market strategy, amongst other category-specific criteria.

A team of 30 leading Frost & Sullivan analysts and consultants based in Asia-Pacific were involved in the short listing, evaluation and research process, applying the same thorough approach that has been the hallmark of Frost & Sullivan globally.

The findings of the detailed examination are then presented to a panel of independent judges comprising influential personalities, decision makers and thought leaders in Asia-Pacific's ICT industry, who have in themselves pushed the boundaries of innovation and corporate excellence, in deciding the recipients in each award category.

About Penta Security Systems Inc

Penta Security Systems Inc. (CEO/Founder Seokwoo Lee) is a leading provider in web and data security solutions and services. With over 19 years of IT security expertise, Penta Security is recognized by Frost & Sullivan as the top Web Application Firewall vendor in the APAC region based on market share. For more information on Penta Security Web security services, please visit www.pentasecurity.com/en

About Frost & Sullivan

Frost & Sullivan, the Growth Partnership Company, works in collaboration with clients to leverage visionary innovation that addresses the global challenges and related growth opportunities that will make or break today's market participants. 

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Source: Frost & Sullivan
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