Watchguard Technologies Incorporated. The Group's principal activity is to provide Internet security solutions designed to protect enterprises, using the Internet for e-commerce and secure communications. The Group provides pro-active Internet security solutions, which protects against known and future threats in a smart, dynamic and simple way. The market of the Group includes small and medium-sized enterprises (SMEs) and large Internet-distributed enterprises (IDEs) with high-speed connections supporting virtual private networks (VPNs) between the corporate headquarters and geographically dispersed branch offices. Internet security solutions are sold indirectly to end-users through distributors and resellers with customers located in over 125 countries. Software licenses accounted for 70% of 2002 revenues and Software services, 30%.