EiQ Networks Starts 2015 Strong with 5th Consecutive Quarter of Record Sales and 47% growth over Q1 2014
Continuous Security Intelligence and Cyber Security Controls Assessment SaaS Solutions Fuel 125% Growth across Small to Medium Enterprises
BOSTON, April 14, 2015 /PRNewswire/-- EiQ Networks, a leader in continuous security intelligence, risk and compliance solutions, announced a 47 percent year-over-year increase in sales at the close of the first quarter of 2015. In tandem, EiQ's customer base of small and mid-sized enterprises grew 127 percent year-over-year, representing the 5th consecutive quarter of record growth. With outstanding product innovation, employee expansion and strategic investments, EiQ is helping 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.
"EiQ is focused on building the best and affordable security SaaS solutions to help our customers detect and prevent data breaches and security controls violations in a timely and cost effective manner. Our tremendous growth in the last 5 quarters is a true testament to the dedication and success of our team," said Vijay Basani, Chairman, president and CEO of EiQ Networks. "EiQ is committed to serving small and mid-sized enterprises meet the complexity and volume of information security threats to their business."
EiQ's accelerated growth continues to be driven by demand for continuous security intelligence solutions as the volume and intensity of cybersecurity threats continues to intensify. Companies across all major industry verticals are now deploying EiQ's SOCVue, a Software as a Solution (SaaS) solution, that enables round-the-clock proactive security controls auditing, and security monitoring. EiQ is expanding its customer base in a variety of industries, including financial services, retail, manufacturing, education, government and healthcare, as well as forming strategic partnerships.
To support its continued growth, EiQ moved its headquarters to downtown Boston and the company's employee count grew 30% since January. EiQ is aggressively hiring sales, sales engineering, SOC engineering and security software engineering professionals with plans to increase employee count by an additional 25% by the end of 2015. The company will host an open house at The Vault in downtown Boston on Friday, April 17 (5:00 to 8:00 PM), for interested candidates to meet EiQ team and help celebrate the company's success.
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. SecureVue®, a continuous security intelligence platform, helps organizations proactively detects 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. In addition, EiQ offers SOCVue, a security monitoring software as a service (SaaS) offering, 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. For more information, visit: http://www.eiqnetworks.com.
PR Contact:
Mike Gallo
Gutenberg Communications for EiQ Networks
212-239-8594
[email protected]
SOURCE EiQ Networks
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