{"id":85977,"date":"2024-08-26T12:11:50","date_gmt":"2024-08-26T04:11:50","guid":{"rendered":"https:\/\/version-2.com\/?p=85977"},"modified":"2025-08-15T12:47:29","modified_gmt":"2025-08-15T04:47:29","slug":"penta-security-applauded-by-frost-sullivan-for-its-comprehensive-web-security-solution-and-market-leading-position","status":"publish","type":"post","link":"https:\/\/version-2.com\/en\/2024\/08\/penta-security-applauded-by-frost-sullivan-for-its-comprehensive-web-security-solution-and-market-leading-position\/","title":{"rendered":"Penta Security Applauded by Frost & Sullivan for Its Comprehensive Web Security Solution and Market-leading Position"},"content":{"rendered":"
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Accessibility and scalability offered by Penta Security\u2019s WAF allow it to stand out among local customers in\u00a0South Korea<\/span> compared to international industry participants that do not support domestic cloud environments.\u00a0<\/i><\/span><\/p>

Frost & Sullivan<\/a>\u00a0recently assessed the web application firewall industry and, based on its analysis, recognizes\u00a0Penta Security Inc.<\/a>\u00a0with the 2024 South Korean Company of the Year Award. The company offers web and data security products and services. Unlike standard intrusion prevention systems or next-generation firewall solutions (an alternative for web firewalls that lack comprehensiveness), Penta Security\u2019s WAPPLES, including WAPPLES SA,\u00a0and Cloudbric WAF+ include API, SSL, and L7 security protections.\u00a0Penta Security\u2019s WAPPLES differentiates its WAF from other industry participants through its patented logic-based detection Contents Classification and Evaluation Processing (COCEP\u2122) engine. Unlike WAFs based on signature-matching detection, Penta Security\u2019s WAPPLES does not rely on signature updates and lengthy learning periods. It allows the company to conduct security patching and fix vulnerabilities without delay.<\/span><\/p>

Penta Security balances providing application security with performance as a cybersecurity leader in the South Korean WAF space. Its WAF fits different deployments, such as WAPPLES, the on-premises appliances,\u00a0WAPPLES SA, the\u00a0software appliances\u00a0for Cloud, and cloud-based Cloudbric WAF+, differentiating it in the industry. WAPPLES also supports public and local\u00a0Asia-Pacific<\/span>\u00a0cloud environments. Penta Security outshines competitors due to its ability to understand and meet local customer needs with offerings that exemplify best practices implementation. The company\u2019s advanced API security functions (XML, JSON, YAML, GraphQL protection rules), advanced threat IP and bot reputation check functions, and additional add-ons respond to countless web threats based on malicious IPs.<\/span><\/p>

Ying Ting Neoh<\/span>, industry analyst at Frost & Sullivan, observed, \u201cPenta Security demonstrates leadership focus and visionary strategy in leveraging WAF industry megatrends in\u00a0South Korea<\/span>\u00a0through its integrations with in-house and third-party security solutions and its commitment to technological innovations that offer customers a comprehensive suite of application security portfolios.\u201d<\/span><\/p>

Penta Security provides round-the-clock support backed by over 200 employees to resolve customer difficulties and service failures through its online communication systems. Besides offering local customers access to advanced technologies, world-class experience, and support, Penta Security\u2019s extensive connections, channel partners, and collaborators expand its reach so it can globally engage with customers. The company makes its application security solutions accessible to different customer segments while aligning them with local customer needs. This further strengthens the company\u2019s leadership position in\u00a0South Korea\u2019s<\/span>\u00a0WAF industry. It successfully maintains its position in the South Korean WAF space, over a 50% market share, due to its broad portfolio and ability to retain optimal network performance after introducing WAPPLES to customers\u2019 environments.<\/span><\/p>

\u201cOwing to steady business performance in recent years, Penta Security has positioned itself as an industry leader in\u00a0South Korea<\/span>. The company\u2019s visionary strategy is based on its commitment to implementing best practices and leveraging the cloud industry\u2019s rapid growth to develop cloud-based WAF, a valuable addition to its application security portfolio and growth pipeline,\u201d added Neoh. With its strong overall performance, Penta Security earns Frost & Sullivan\u2019s 2024 South Korean Company of the Year Award in the WAF industry.<\/span><\/p>

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.<\/span><\/p>

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\u00a0compare market participants and measure performance through in-depth interviews, analyses, and extensive secondary research to identify best practices in the industry.<\/span><\/p>

About Frost & Sullivan<\/b><\/span><\/p>

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, megatrends, new business models, and companies to action, resulting in a continuous flow of growth opportunities to drive future success. Contact us: Start the discussion.\u00a0Contact us: Start the discussion<\/a>.<\/span><\/p><\/div>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t

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About Version 2 Digital<\/h3>

Version 2 Digital is one of the most dynamic IT companies in Asia. The company distributes a wide range of IT products across various areas including cyber security, cloud, data protection, end points, infrastructures, system monitoring, storage, networking, business productivity and communication products.\n

\nThrough an extensive network of channels, point of sales, resellers, and partnership companies, Version 2 offers quality products and services which are highly acclaimed in the market. Its customers cover a wide spectrum which include Global 1000 enterprises, regional listed companies, different vertical industries, public utilities, Government, a vast number of successful SMEs, and consumers in various Asian cities.<\/p><\/div><\/div>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<\/div>\n\t\t\n\t\t

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About Penta Security<\/strong>
\nPenta Security takes a holistic approach to cover all the bases for information security. The company has worked and is constantly working to ensure the safety of its customers behind the scenes through the wide range of IT-security offerings. As a result, with its headquarters in Korea, the company has expanded globally as a market share leader in the Asia-Pacific region.\n

\nAs one of the first to make headway into information security in Korea, Penta Security has developed a wide range of fundamental technologies. Linking science, engineering, and management together to expand our technological capacity, we then make our critical decisions from a technological standpoint.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<\/div>","protected":false},"excerpt":{"rendered":"

Accessibility and scalability offered by Penta Security […]<\/p>","protected":false},"author":149011790,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_feature_clip_id":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1273,1296,61],"tags":[1272,1295],"class_list":["post-85977","post","type-post","status-publish","format-standard","hentry","category-1273","category-penta-security","category-press-release","tag-1272","tag-penta-security"],"acf":[],"yoast_head":"\nPenta Security Applauded by Frost & Sullivan for Its Comprehensive Web Security Solution and Market-leading Position - Version 2<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.pentasecurity.com\/press-releases\/penta-security-wins-the-2024-south-korean-company-of-the-year-award\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Penta Security Applauded by Frost & Sullivan for Its Comprehensive Web Security Solution and Market-leading Position - 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