Verizon Business has been given a boost for its operations in Asia.

The company, with offices at Reading International Business Park in South Reading, received a “strong positive” rating from Gartner Inc in its inaugural ‘MarketScope for Managed Security Services in the Asia Pacific Region’ report. 

To be rated strong positive, firms must demonstrate their continued investments in  innovation and facilities in multiple countries in the Asia Pacific region.

This is in addition to receiving either a “good” or “excellent” rating from participants of the research – all of whom are customers of managed security services providers. 

According to the report, the managed security services market is maturing rapidly in more prosperous Asia Pacific countries.

Coupled with users’ heightened awareness of security risk management and regulatory concerns, the region is seeing steady growth in demand.

Gartner is forecasting a 12 per cent compounded annual growth rate for Asia Pacific managed security services from 2006 to 2011.

“This recognition underscores Verizon Business’ dedication to delivering world class managed network services in Asia Pacific and around the globe,” said John Karabin, vice president, security solutions, Asia Pacific, Verizon Business.

Verizon Business, a unit of Verizon Communications, operates one of the world’s most connected public IP networks.

The company integrates advanced IP communications and information technology products and services to deliver leading enterprise solutions including managed services, security, mobility, collaboration and professional services.