[April 12, 2013] eIQnetworks Rolls Out Subscription SIEM and Log Management Offering Tweet Apr 12, 2013 (Close-Up Media via COMTEX) -- eIQnetworks, a company focusing in simplified security, risk and compliance solutions, announced the unveiling of new subscription offerings to help customers procure SecureVue, a SIEM and log management solution that is essential to combat increasingly sophisticated cyber threats and satisfy compliance mandates. According to the company, customers will now have the ability to choose a monthly subscription for as low as $500 per month that is conducive to their needs as a business. With this latest development, eIQnetworks offers commercial enterprises the simplest, most easy-to-install and cost effective next-gen Security Information and Event Management (SIEM) solutions on the market. Recently eIQnetworks released results of its survey, Suffering a Case of SIEM, that revealed acquisition cost as one of the major challenges in SIEM and log management adoption. According to the results, 33 percent of respondents reported that they are looking to replace their SIEM products due to operational cost reasons. In recent years, both small and large organizations have become increasingly prone to cyber attacks, Intellectual Property (IP) theft and Advanced Persistent Threats (APTs). Unfortunately every SIEM vendor on the market today requires organizations to allocate substantial capital budgets (CapEx) to acquire a viable solution to deliver security and compliance visibility. Consequently, a majority of small enterprise to middle market (SME) organizations have shied away from deploying a SIEM solution that is critical to protecting their valuable IT assets. "With tight budgets, CISOs and IT managers are being asked to do more with less to secure their IT environments while complying with plethora of regulations. Security and compliance managers at many organizations unfortunately have difficulty in obtaining capital budgets necessary to acquire and implement SIEM products," said Vijay Basani, president and CEO at eIQnetworks. "With this announcement, we are simplifying the SIEM acquisition process from being a CapEx to an OpEx decision, thus making it affordable for organization of all sizes to procure and deploy SecureVue in order to gain visibility into their security and compliance posture. It is our philosophy that customers' needs should come first and foremost." As described by the company, subscription offering includes: -Monthly subscription offering for as low as $500 per month -Subscription includes support, maintenance and 2 hour installation assistance -Flexible packaging (either software only or software/hardware subscription) -Simple node based pricing vs. volume based pricing that assures fixed price even as an organization's data grows "We have had a number of organizations come to us expressing frustration at the overall SIEM acquisition cost and lack of capital budgets," said Brian Murphy, president at ReliaQuest. "It's refreshing for a security company, like eIQnetworks, to answer this dilemma by offering a flexible subscription pricing that allows value added resellers like us to offer a compelling SIEM solution at an affordable price to our customers." SecureVue delivers next generation SIEM capabilities by combining SIEM, Log Management, Network Behavior Analysis (NBA), compliance automation and contextual forensics analysis through a single console yielding a unified view, operational efficiency and lower total cost of ownership (TCO). SecureVue delivers unsurpassed real-time visibility and security intelligence, as well as a proactive threat detection capability by cross-correlating all security, risk and compliance data. The subscription offering is part of eIQnetworks commitment to resolve the industry-wide challenges around SIEM that were reflected in the company's recent survey findings. As such, further announcements will be forthcoming that will address the complexity and management burdens associated with SIEM products. More information: http://www.eiqnetworks.com ((Comments on this story may be sent to [email protected])) [ Back To TMCnet.com's Homepage ]