ACTON, Mass. – August 26, 2008 – eIQnetworks^®, Inc., a global provider of integrated security, risk and audit management solutions, today announced that it has been named to Inc. magazine’s 27th Annual Inc. 500 list of America’s fastest-growing privately held companies. With more than 1,350% revenue growth over a three-year period, eIQ was ranked 3rd among the “Top Security Companies,” 10th among the “Top Boston-area Companies” and 179th on the list overall.

This recognition by Inc. magazine comes on the heels of eIQ’s fourth consecutive quarter of profitability and triple-digit year-over-year revenue growth – driven by enterprise demand for its groundbreaking SecureVue security management platform. SecureVue goes beyond basic log management to collect, correlate and report on the broadest range of security-related data in the industry today, including event, log, asset, configuration and performance data. By integrating this information – traditionally gathered through numerous point products and stored in multiple management silos – IT organizations are able to: improve collaboration between network operation centers, security operation centers and compliance teams; reduce management complexity; speed detection of potential threats and remediation of breaches; and conduct real-time assessments of best practice and compliance posture.

“The evolution of security breaches and the multitude of government and industry regulations that require the protection of private data are driving the demand for much more robust, integrated security management solutions,” said eIQ’s CEO, Vijay Basani. “We launched SecureVue less than two years ago with a vision of how organizations could leverage an integrated data model to gather and correlate a much broader range of relevant data, allowing these organizations to respond faster to issues and generate more comprehensive compliance reporting. The exceptional enterprise adoption and consistent corporate and product accolades are validation that our vision is in line with the needs of large enterprises and government organizations.”

In addition to the Inc. 500, eIQ has received multiple other industry accolades this year for both its corporate performance and its 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, eIQ was named a winner of the prestigious Red Herring 100, which honors the most innovative private technology companies based in North America.

“If you want to find out which companies are going to change the world, look at the Inc. 500,” said Inc. Editor Jane Berentson. “These are the most innovative, dynamic, fast-growing companies in the nation – the ones coming up with solutions to some of our knottiest problems, creating systems that let us conduct business faster and easier, and manufacturing products we soon discover we can’t live without. The Inc. 500 list is Inc. magazine’s tribute to American business ingenuity and ambition.”

eIQ’s company profile as one of this year's Inc. 500 can be found in the September issue of Inc. magazine and online at:
http://www.inc.com/inc5000/2008/company-profile.html?id=200801790

Methodology
The 2008 Inc. 500/5000 list measures revenue growth from 2004 through 2007. To qualify, companies must be U.S.-based and privately held, independent – not subsidiaries or divisions of other companies – as of December 31, 2007, and have had at least $200,000 in revenue in 2004, and $2 million in 2007.

About Inc. magazine
Founded in 1979 and acquired in 2005 by Mansueto Ventures, LLC., Inc. magazine (www.inc.com) is the only major business magazine dedicated exclusively to owners and managers of growing private companies that delivers real solutions for today's innovative company builders. With a total paid circulation of 724,110, Inc. provides hands-on tools and market-tested strategies for managing people, finances, sales, marketing, and technology.

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.