ACTON, Mass. – April 14, 2008  – eIQnetworks^®, Inc., a global provider of integrated security, risk and audit management solutions, today announced that Red Herring has named the company a finalist for its prestigious Red Herring 100 North America Awards. The Red Herring 100 list is seen by many technology industry executives, investors and observers as an invaluable instrument for discovering the promising startups that will lead the next wave of disruption and innovation.

“We can see the exciting evolution of the technology sector reflected in the quality and variety of exceptional companies that we had to choose from in putting our list together,” said Joel Dreyfuss, editor-in-chief of Red Herring. “It was tough to choose just 200 finalists from such a large list of excellent contenders, and we are very happy with the quality of the companies we selected as finalists.”

Strong financials and market momentum were key factors in Red Herring’s finalist nomination. eIQ achieved record-breaking profitability over the last year, with the average deal size reaching six figures. Strong enterprise adoption of the company’s SecureVue platform coupled with a growing international footprint continues to fuel revenue growth.

“eIQ is honored to be nominated for such an acclaimed award, which recognizes the solid growth trajectory we’ve established based on our flagship SecureVue platform,” said Vijay Basani, CEO of eIQnetworks. “Being named a Red Herring 100 finalist further solidifies eIQ as a cutting-edge leader of integrated security, risk and audit management.”

In addition to Red Herring, SecureVue has garnered critical reviews from leading industry influencers. Recent accolades include About.com awarding SecureVue 4.5 out of 5 stars in a Business Security evaluation, and Redmond Magazine naming SecureVue the “Product Roundup Champion” in a group review of IT compliance solutions. SecureVue is the industry’s first and only solution that combines enterprise security management (ESM) and IT governance, risk and compliance (GRC) on a single platform to:

• Reduce management complexity by eliminating the need for multiple point solutions and custom development of multiple connectors;

• Drive efficiency through a single, role-based interface that fosters collaboration between network, security and audit teams; and

• Lower total cost of ownership by more than 200 percent when compared to competing solutions.

The Red Herring 100 winners will be announced during the Red Herring North America 2008 conference in San Jose on May 12-14, 2008.

About Red Herring
Red Herring is a global media company which unites the world’s best high technology innovators, venture investors and business decision makers in a variety of forums: a leading innovation magazine, an online daily technology news service, technology newsletters and major events for technology leaders around the globe. Red Herring provides an insider’s access to the global innovation economy, featuring unparalleled insights on the emerging technologies driving the economy. More information about Red Herring is available on the Internet at www.redherring.com

About eIQnetworks
eIQnetworks, Inc., a leader in integrated security, risk and audit management, 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 enterprise security management and IT governance, risk and compliance 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.