"netForensics has given us the ability to introduce new monitors in hours, not days. We can react to the threats, measure our effectiveness and have full, ongoing visibility of our risk posture."
Matthew M. Speare,
Administrative VP,
Corporate Information Security Officer,
M&T Bank
netForensics Ranked as One of New Jersey’s Fastest Growing Technology Companies in Deloitte & Touche LLP's Technology Fast 50 Program
Company Makes Prestigious List for Fifth Consecutive Year
Edison, NJ – August 28, 2006 – netForensics, Inc., the pioneer and recognized market leader in Security Information Management (SIM), today announced that it has once again been named to Deloitte & Touche LLP's prestigious Technology Fast 50 Program for New Jersey. This program ranks the 50 fastest growing technology companies in the area as identified by Deloitte, one of the nation's leading professional services firms. Rankings are based on the percentage of growth in fiscal year revenues over five years, from 2001–2005.
Privately held, netForensics was established in 1999 and has experienced triple-digit growth since inception. The company’s flagship solution, netForensics nFX Open Security Platform (nFX OSP), provides technology that transforms all information security related data into actionable intelligence, enabling government agencies and enterprises to better respond to security threats, maintain compliant operations, and ensure the continuity of key business processes. The company technology and business models are supported by funding from Cisco Systems, Nomura International, SoundView Ventures Dawntreader Fund II, Storm Ventures, Comcast Interactive Capital and the Feld Group.
"Deloitte's New Jersey Technology Fast 50 companies have shown the strength, vision and tenacity to succeed in today's very competitive technology environment," said Paul Mlynarski, a Partner at Deloitte Tax LLP and Chairperson of Deloitte's New Jersey Technology Fast 50 Program. "We applaud the successes of netForensics and acknowledge it as one of the very few to accomplish such a fast growth rate over the past five years."
Winners are selected based on percentage revenue growth over five years from 2001 to 2005. To be considered, Technology Fast 50 entrants must: have operating revenues of at least $50,000 in 2001 and at least $5,000,000 in 2005; be headquartered in New Jersey; own proprietary technology or proprietary intellectual property that contributes to a significant portion of its operating revenues, or devote a significant proportion of revenues to the research and development of technology.
"To make this list speaks volumes of the success our organization has had over the past five years," said Dennis Cline, Chief Executive Officer, netForensics. "Our core product is consistently named as a leader by industry analysts and is backed by having the largest customer base within the industry. Demand for SIM technology will remain a high priority to both commercial and Federal organizations and netForensics is dedicated to staying on top of this highly competitive market."
The Technology Fast 50 program is presented by Deloitte & Touche USA LLP, in association with Wachovia, Geller and Company, Sonnenschein Venture Technology, NJEDA, Seton Hall University, Regional Business Partnership, The Star Ledger, NASDAQ, NJTC, UK Trade & Investment.
About Deloitte
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Deloitte & Touche USA LLP is the US member firm of Deloitte Touche Tohmatsu. In the US, services are provided by the subsidiaries of Deloitte & Touche USA LLP (Deloitte & Touche LLP, Deloitte Consulting LLP, Deloitte Financial Advisory Services LLP, Deloitte Tax LLP and their subsidiaries), and not by Deloitte & Touche USA LLP.
About netForensics
netForensics transforms all security related information into actionable intelligence, enabling more than 450 enterprises and government agencies to better respond to security threats, maintain compliant operations and ensure the continuity of key business processes. By harnessing the power of our award-winning Security Information Management platform that manages more security events at more organizations than any other product in the marketplace, we help customers deliver security management solutions that rely on the availability of timely and relevant security information.
netForensics facilitates security decision support by transforming relevant data from strategic applications and critical compliance-related assets, as well as the perimeter devices that protect them, into actionable security intelligence (ASI). ASI solutions make security information available to technology domains and users within the security organization and beyond – by unifying network and security organizations unifying network and security operations while supporting IT governance, enterprise compliance, and risk management initiatives.
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Press Contact:
Evan Weisel
Welz & Weisel Communications
P: 703-218-3555
C: 703-628-5754
evan@w2comm.com
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