EiQ Networks Posts 6th Consecutive Record Quarter with 200% Security SaaS Sales Growth

Continuous Security Monitoring Services Fuel 140% SOCVue Customers Increase Over Q2 2014

Jul 14, 2015, 08:00 ET from EiQ Networks

BOSTON, July 14, 2015 /PRNewswire/ -- EiQ Networks, a leader in continuous security intelligence, risk and compliance solutions and services, announced a 200 percent year-over-year increase in SaaS sales at the close of the second quarter of 2015. EiQ's customer base of small and mid-sized enterprises grew 140 percent over Q2 2014, representing the company's 6th consecutive quarter of record growth. With outstanding product innovation, employee expansion and strategic investments, EiQ continues to help Small to Medium Enterprises by delivering People, Process and Technology under one umbrella to address cyber security and regulatory challenges in a cost effective and affordable fashion.

Second Quarter of 2015 highlights include:

  • In the second quarter of 2015, EiQ Networks added more than 10 sales professionals. The company is on track to meet its goal of creating more than 25 new positions in Boston by the end of 2015.
  • In Q2 2015, EiQ launched a cloud based SOCVue Portal that delivers a unified view into security monitoring SaaS services to rapidly growing Small to Medium sized customers. SOCVue Security Monitoring service combines SIEM and log management as a service with proactive critical security controls auditing to deliver 24x7x365 security monitoring, incident detection and remediation guidance without the need to have dedicated security staff.
  • Industry veteran Bruce McDonald joined EiQ Networks in the second quarter as Vice President – Global Services. In this role, McDonald is focused on delivering a best-in-class customer experience by building and managing experienced security support and SOC teams.

"The SMB market is increasingly prone to attack as the volume and intensity of cyber threats continues to escalate," said Vijay Basani, chairman, president and CEO of EiQ Networks. "Our ability to quickly identify and mitigate problems by using a combination of both proactive and reactive security monitoring gives our SMB customers the security posture and comprehensive cyber defenses equivalent to a much larger organization. Through 24/7 monitoring and remediation guidance at an affordable price point, our SOCVue team is delivering real value to our customers and is driving tremendous growth for our Security SaaS service offering."

"We appreciate the continued faith our customers have shown in the quality and value of our service offering, which is a testament to the hard work of our team and our strategic partners," added Mr. Basani. "We look forward to continuing to strengthen our offering as well as our network of high-quality partners."

About EiQ Networks:
EiQ Networks, a pioneer in continuous security intelligence and compliance solutions and services, is transforming how organizations identify threats, mitigate risks and enable compliance. EiQ offers SOCVue, a security monitoring software as a service (SaaS) offering, and provides 24x7 security operations to Small to Medium enterprises that require security monitoring but lack resources or on-staff expertise to implement an effective security program. SecureVue®, a continuous security intelligence platform, helps organizations proactively detect incidents, implement security best practices, and receive timely and actionable intelligence along with remediation guidance. Through a single console, SecureVue enables a unified view of an organization's entire IT infrastructure for continuous security monitoring, critical security control assessment, configuration auditing, and compliance automation. For more information, visit: http://www.eiqnetworks.com.

PR Contact: 
Mike Gallo
Gutenberg Communications for EiQ Networks 
212-239-8594 
EiQnetworks@gutenbergpr.com

SOURCE EiQ Networks



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