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eIQnetworks Posts Record Sales in Q2 FY12
[November 08, 2011]

eIQnetworks Posts Record Sales in Q2 FY12


ACTON, Mass. --(Business Wire)--

eIQnetworks, Inc., the only global provider of a unified situational awareness platform, today announced the company posted record sales for the quarter, Q2 FY12, ending October 31, 2011, up 45% from the previous quarter, Q1 FY12. Customers continue to adopt eIQ's unified situational awareness platform, SecureVue®, to gain the most accurate, timely and coherent view of the threat, compliance and risk posture that allows organizations to maintain awareness of their information systems security state. eIQ's customers are leveraging SecureVue's broad capabilities for proactive continuous security monitoring and compliance automation in their fight against APTs and cyber attacks. Customers are able to improve operational efficiency, reduce forensic analysis times by up to 50% and significantly enhance their security posture.

"Our survey of global 5000 senior security professionals this past quarter clearly validated our belief that traditional SIEM products are no longer effective in protecting against APTs and cyber attacks," commented Vijay Basani, president and CEO, eIQnetworks (News - Alert). "CISOs are increasingly longing for unified and comprehensive visibility of security, risk and compliance posture via a single console. As a result, the demand for situational awareness software is growing. eIQ is delivering the right solutions to an increasingly large number of customers worldwide as SecureVue has become a necessity for all corporations and government agencies."

Highlights of the quarter included:

  • Record quarter in eIQ's company history, up 45% from previous quarter, Q1 FY12
  • Continued adoption of eIQ's SecureVue across multiple verticalmarkets including financial, retail, pharmaceutical, telecommunications, manufacturing and government
  • 100% year-over-year sales growth in federal customers
  • Record number of six figure deals in Q2 FY12
  • eIQnetworks announced that 65% of senior security professionals at global 5000 and federal organizations say traditional SIEM products no longer provide enterprises and government agencies with the ability to tackle modern cyber threats and insider attacks, validating eIQ's position that "SIEM is Dead."

Also this quarter, IBM (NYSE: IBM) and McAfee (News - Alert), a wholly owned subsidiary of Intel Corporation (NASDAQ:INTC), validated eIQ's situational awareness strategy and "SIEM is Dead" concept with recent acquisitions of Q1 Labs and NitroSecurity (News - Alert), respectively. Large vendors are admitting the need for situational awareness in fighting APTs and cyber attacks, but their strategy of using multiple point products layered with significant services fails to deliver on the three essential elements of situational awareness - 1) an accurate and unified view of threat, compliance and risk posture of an organization, 2) improve operational efficiency by providing fast and timely detection and analysis and 3) reduce overall cost. For more information, visit: http://situationalroom.wordpress.com/page/2/.

eIQ's SecureVue is not only helping customers do more with less, but is the first and only solution that is able to deliver true situational awareness today. For more information on eIQnetworks' SecureVue Unified Situational Awareness Platform, visit: http://www.eiqnetworks.com/securevue/securevue.php.


The company also is aggressively expanding its channel partners through its Advantage Plus Partner Program. For more information, visit: http://www.eiqnetworks.com/partners/partner_program.php.

About eIQnetworks

eIQnetworks is the only global provider of a unified situational awareness solution, serving the largest enterprises around the world including government, financial, telecommunications, retail, pharmaceutical and healthcare. The company's unified situational awareness platform, SecureVue®, delivers an accurate, timely and coherent view of the threat, compliance and risk posture via a single console. SecureVue provides real-time continuous security monitoring, compliance automation, configuration auditing and forensic analysis, all in a single solution. Vital to the protection of an organization's infrastructure, SecureVue helps global enterprises proactively protect against cyber attacks, advanced persistent threats (APTs), data breaches and policy violations, so they can respond to incidents and implement security best practices. eIQnetworks is a privately held company headquartered in Acton, Mass. For more information, visit: http://www.eiqnetworks.com.

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