SOURCE: NitroSecurity


January 28, 2010 13:55 ET

New Compliance Mandates and Security Threats Propel NitroSecurity to More Than 90 Percent Average Annual Revenue Growth Over the Last 4 Years

Award-Winning SIEM Solutions Driving Momentum in Public and Private Sectors

PORTSMOUTH, NH--(Marketwire - January 28, 2010) - NitroSecurity, Inc., the leader in high-performance, content-aware security information and compliance management (SIEM) solutions, today announced that 2009 marked another record year for the company. Highlights include:

--  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 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

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