"We needed to improve our security posture and manage our vulnerabilities. netForensics was the clear-cut choice for our organization."
Mark Griesbaum,
Chief Information Officer,
Career Education Corporation
netForensics Posts Strongest Quarter in Company’s 10 Year History
SIEM in the Cloud Solutions Drive 3rd Consecutive Quarter of Growth
Edison, NJ – February 23, 2010 – – netForensics, Inc., a leader in the Security Information Management market, today announced that the company set new growth records in the fourth quarter of 2009, making it the most successful quarter in the company's ten year history. Driven by aggressive increases in the MSSP partner base via netForensics' unique SIEM in the Cloud enablement technology, bookings for the fourth quarter increased 37% year over year closing out a profitable fiscal year for netForensics.
netForensics' continued growth this quarter was achieved in large part due to is its market-ready SIEM in the Cloud solutions. For organizations looking to deploy software-as-a-service (SaaS), Cloud security is a primary concern. netForensics’ capabilities of adding a defensive layer to the cloud architecture enable organizations to achieve the same level of situational awareness as if the security was installed locally. For those organizations that require additional security expertise to mitigate the increasing threats facing their environments, netForensics’ deployments with Managed Security Service Providers provides yet another option to ensure an acceptable level of risk.
"The fourth quarter of 2009 was our strongest quarter to date," said netForensics’ CEO Dale Cline. “Our performance this quarter demonstrates our success delivering SIEM in the Cloud as a reality through our MSSP partners world wide, and providing cost effective SIEM and Logging to organizations of all sizes on our award winning nFX Cinxi One appliances. During a time of continued economic uncertainty, it is terrific to see the endorsement of our products and the security intelligence we provide."
In addition to stellar revenue performance, netForensics’ fourth quarter accomplishments included:
- Significant new customer acquisition in the MSSP, government, and technology sectors; record international growth resulting in over 50% of new customer revenue.
- Released the latest version of the company’s award winning security information management platform, nFX SIM One. This new release delivers enhanced threat identification and response automation, new regulatory compliance reporting, and a new FISMA compliance framework.
- Entered into EAL certification for both nFX SIM One and nFX Cinxi One. EAL certification is a security evaluation of the Common Criteria Evaluation & Validation Scheme (CCEVS) operated by the National Information Assurance Partnership (NIAP). As a key distinction that vendors to government agencies must carry, EAL certification represents netForensics’ commitment to building solutions for the rigors of government use.
- Industry endorsements including nFX Cinxi One being selected as a Finalist in the Security Information/Event Management category by Info Security Products Guide
“netForensics’ success in Q4 and throughout 2009 can be directly attributed to the strength of our products, our ability to successfully anticipate and understand the evolving security landscape, and a talented team of professionals committed to helping our customers meet their security and compliance needs with a maximum return on their investment,” said Dale Cline. “With our third consecutive quarter of growth, we are very well positioned for a successful 2010.”
About netForensics
netForensics security information and event management solutions enable organizations of all sizes to rapidly identify and respond to threats and demonstrate ongoing compliance. Our software and appliance products collect and centralize volumes of event log data and deliver accurate, actionable, real-time security intelligence. netForensics offers the award-winning nFX Cinxi One, recognized for its ease of deployment and management, and the industry’s only solution that combines security information management (SIM) and log management on one appliance. For over a decade, our nFX SIM One software solution has helped enterprises, managed service providers, and government agencies around the world to manage risk, protect their assets, and maintain compliant operations. For more information, visit www.netforensics.com/, read the blog or follow us on Twitter.
Press Contact:
Katie Janiszewski
netForensics
kjaniszewski@netforensics.com
(609) 651-2130
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