ACTON, Mass. – June 3, 2008 – eIQnetworks^®, Inc., a global provider of integrated security, risk and audit management solutions, today reported record sales and revenue results for fiscal year 2008, which ended April 30. Fueled by strong enterprise adoption of its flagship SecureVue^® solution – which combines powerful IT governance, risk and compliance (GRC) and enterprise security management (ESM) capabilities onto a single platform – eIQ’s FY08 closed with three consecutive quarters of profitability and 125% revenue growth over FY07. In addition, fourth quarter revenues grew 30% over the previous quarter.

“The introduction of our groundbreaking SecureVue solution last year contributed to a solid, upward growth trajectory for eIQ during fiscal 2008,” said Vijay Basani, CEO of eIQnetworks. “Enterprise and MSSP customers are driving the continued triple-digit revenue growth, taking advantage of SecureVue’s unmatched ability to deliver enterprise-wide insight into security and compliance while encouraging collaboration between operational, security and audit teams.”

SecureVue Drives Record Enterprise Traction, International Demand
Just as network systems management platforms changed the network landscape by combining broad capabilities into a single solution, SecureVue is altering traditional security and compliance management in a similar way – eliminating numerous point solutions by collecting, correlating and analyzing all security-related data and incorporating comprehensive IT GRC capabilities.

Based on its breadth of functionality – which drives operational efficiency and reduces management complexity – organizations are increasingly turning to SecureVue over pure-play SIM (security information management) and IT GRC solutions to address evolving and overlapping security, risk and audit management requirements. SecureVue’s flexibility and customization capabilities make it easy for customers to leverage the platform for standalone ESM or combined ESM and IT GRC capabilities, and to obtain high level or drill-down dashboard views of enterprise-wide security and compliance posture.

In FY08, eIQ deployed SecureVue with more than 40 enterprise and managed security service provider customers in the financial services, energy, media, government and retail industries. Global demand for SecureVue also drove the establishment of a new eIQ office in London and the expansion of its management team to include John Linkous in the newly-created position of IT GRC evangelist.

Industry Accolades
During FY08, eIQ garnered overwhelming industry recognition for both its corporate performance and its innovative SecureVue platform. In May, leading industry analyst research firm, Gartner Inc., positioned eIQ in the Visionaries Quadrant of its newly published “Magic Quadrant for Security Information and Event Management.” Also in May, Red Herring named eIQ to its prestigious Red Herring 100 winners list, which honors the most innovative private technology companies based in North America.

In addition, business portal About.com awarded SecureVue with 4.5 stars out of a possible 5, and Redmond magazine named SecureVue its “Product Roundup Champion” in a group review of compliance solutions, with a score of 9.2 out of 10. SecureVue also received Info Security Products Guide’s 2008 Global Product Excellence Customer Trust Award in the “Compliance” category.

About eIQnetworks
eIQnetworks, Inc., a leader in integrated security, risk and audit management platform, enables enterprise, government and MSSP customers to effectively meet security and compliance challenges through a unified framework. More than 2,700 organizations worldwide rely on the power of eIQ’s ESM and IT GRC solutions to proactively detect security breaches, speed incident remediation and support evolving best practices and compliance regulations across the enterprise. For additional information, please visit www.eIQnetworks.com or call +1 877.564.7787.

© 2008 eIQnetworks, Inc. eIQnetworks and SecureVue are registered trademarks of eIQnetworks, Inc. All other trademarks, servicemarks, registered trademarks and servicemarks are the property of their respective owners.