ACTON, Mass. – May 15, 2008 – eIQnetworks^®, Inc., a global provider of integrated security, risk and audit management solutions, today announced that Red Herring has named the company a winner of the Red Herring 100 North America Awards, an honor that global media company, Red Herring, uses to recognize the 100 most innovative private technology companies based in North America. The award is considered an invaluable instrument for highlighting the companies that will lead the next wave of disruption and innovation in the technology industry by many investors, industry observers and technology executives.

"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 100 winners from such a large list of excellent contenders, and we are very happy with the quality of the companies we selected as finalists.”

Triple digit, year-over-year revenue growth, profitability and international expansion were among the key factors in Red Herring’s decision to name eIQ among its 100 winners. eIQ’s dramatic, consistent momentum was fueled by strong adoption of its SecureVue security, risk and audit management platform by enterprises and managed security service providers (MSSP).

“eIQ is honored to be named among the Red Herring 100, an award renowned for recognizing innovation and strong execution ahead of the curve,” said Vijay Basani, CEO of eIQnetworks. “This prestigious award underscores the strength of our strategy and recognizes the eIQ team’s dedication to meeting enterprise security and compliance requirements with our groundbreaking SecureVue platform.”

SecureVue is the industry’s only solution that combines enterprise security management (ESM) and IT governance, risk and compliance (GRC) on a single security, risk and audit management platform. This unique combination of technology enables organizations to proactively detect and speed the remediation of security breaches and information theft, while providing periodic self assessment of best practices and compliance regulations.

In addition to making the Red Herring 100 list, other leading industry influencers have also recently praised eIQ and its SecureVue platform. The Business Security editors of About.com awarded SecureVue 4.5 out of 5 stars in an in-depth evaluation, and Redmond Magazine named SecureVue the “Product Roundup Champion” in its roundup review of IT compliance solutions.

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.