-- 85 percent year-over-year revenue growth in 2009 and more than 90
percent average annual revenue growth over the last four years.
-- Continued investments in growth initiatives, including expansion of
sales, marketing and research and development staffs, while achieving
positive cash flow results for the second half of the year.
-- 60 percent increase in authorized channel partners, with channels
delivering 60 percent of 2009 sales.
-- A strong surge in the U.S. federal government sector, powered by the
first SIEM to earn FIPS 140-2, Level 2 validation and the only SIEM vendor
to also achieve Common Criteria EAL3+ Certification.
-- Dramatic customer growth in enterprise markets such as energy,
financial services, manufacturing, healthcare, retail, higher education,
consulting and government, highlighted by Consumers Energy, First Citizens
Bank, Administaff, Salt Lake County, Central Washington University, Furman
University and Yodlee.
-- Introduction of industry-first integrations of application data
monitoring, database activity monitoring and log management with the
market's highest-performing SIEM.
-- Industry endorsement including NitroView being named a "Top 20
Product of the Last 20 Years" by SC Magazine. NitroSecurity was also
recognized as an Industry Innovator by SC Magazine for the third year
running and was a finalist in Government Security News' First Annual
Homeland Security Awards.
"As we evaluated SIEM solutions for our environment, we wanted to be able
to address the new wave of sophisticated attacks emanating from databases
and applications," said Mark L. Evans, Information Security Manager of Salt
Lake County. "Only NitroSecurity's NitroView had the level of performance
and integrated capabilities needed to handle and correlate the enormous
volume of data that's becoming the new baseline for security operations in
near real-time."
Industry's Fastest SIEM Accelerates Adoption and Growth
Despite the decline in overall IT and network technology spending, security
spending remains strong. Security teams are being tasked to do more with
tighter budgets and reduced staff, in the face of a rapidly expanding and
evolving threat landscape. As a result, customer demand for solutions that
help manage and make sense of the deluge of risk and threat information is
expanding exponentially.
With a unique ability to improve real-time security and address compliance
requirements, NitroSecurity is the SIEM solution provider of choice, with
average annual revenue growth in excess of 90 percent over the last four
years. These results are even more impressive when evaluated against a
backdrop of the most challenging economy in recent history.
NitroSecurity experienced dramatic growth in both Federal and state/local
government sectors, including the Department of Defense. As government
mandates to improve security at all levels remain top priorities, the
company is increasingly pursued as the SIEM go-to partner because it is the
only vendor in the market with the highest levels of certifications -- FIPS
140-2 Level 2 and Common Criteria EAL3+. The company also introduced the
new NitroGuard 5400 IPS to satisfy the 10 gigabit interface requirements of
ever-expanding government networks.
"We appreciate the trust that our customers have placed in our people and
technology," said Ken Levine, CEO, NitroSecurity. "We look forward to
working collaboratively with these sophisticated security teams to address
the ever-evolving threat and compliance landscape."
Content and Compliance are King
With growing attack sophistication, new targets such as PDFs and social
networks, global criminal organizations and less room for regulatory error
or oversight, the challenge of identifying and responding to threats has
never been more urgent, and the threat landscape has never been bigger.
In 2009, NitroSecurity advanced the state-of-the-art in SIEM solutions with
first-to-market capabilities in two major areas:
-- Content-Awareness -- NitroSecurity delivered two products to market
that dramatically increase customer visibility, and extend security and
compliance context to prevent data loss. The release of the NitroView
Application Data Monitor (ADM) enables real-time security management with
full visibility into applications -- including header information, content
and attachments -- to determine when applications are being used outside of
acceptable policies or for fraudulent and malicious purposes. The company
also delivered the new NitroView Enterprise Security Manager X5 appliance
for extremely large or high-capacity networks, delivering a ten-fold jump
in performance to support uncompressed collection rates of up to 100,000
events and flows per second.
-- Compliance and Real-time Security Response -- In 2009, NitroSecurity
also closed the widening gap between compliance and threat response. With
the introduction of NitroView Enterprise Log Manager (ELM) and NitroView
Database Activity Monitor (DAM), and both products' integration with
NitroView ESM, the company provides customers with the deepest SIEM
integration in the market. As a result, organizations can greatly improve
IT security efficiencies and strengthen regulatory compliance -- including
correlating database activity with logs, events, flows and user identity --
while reducing post-event analysis and forensics from hours to seconds.
For more information visit http://www.nitrosecurity.com or call
888-LOG-SIEM.
About NitroSecurity NitroSecurity develops award-winning security information and compliance management solutions that protect business information and infrastructure. NitroSecurity solutions reduce business risk exposure and increase network and information availability by removing the scalability and performance limitations of security information management. Utilizing the industry's fastest analytical tools, NitroSecurity identifies, correlates and remediates threats in minutes instead of hours, allowing organizations to quickly mitigate risks to their information and infrastructure. NitroSecurity serves more than 500 enterprises across many vertical markets, including healthcare, education, financial services, government, retail, hospitality and managed services. For more information, please visit http://www.nitrosecurity.com.
Contact Information: Contact: Bryan Grillo CHEN PR, Inc. 781-672-3129