SOURCE: netForensics, Inc.

October 10, 2006 08:47 ET

netForensics Exceeds 150 Deals in the Past 12 Months

Demand for Security Information Management Remains Strong; netForensics Boasts Industry's Largest Installed Customer Base

EDISON, NJ -- (MARKET WIRE) -- October 10, 2006 -- netForensics, Inc., the pioneer and recognized market leader in Security Information Management (SIM), today announced that sales remain strong as the company closed over 150 deals within the past year helping to contribute to five-year triple-digit revenue growth. With 450+ customers including Career Education Corporation, Interval International, M&T Bank, and USAID, netForensics has the largest installed customer base that includes organizations across all major vertical markets including the public sector and financial services.

Driving sales for the company is the most recent release of netForensics nFX Open Security Platform (nFX OSP), the company's SIM platform built to provide Actionable Security Intelligence to users throughout the enterprise. nFX OSP offers comprehensive decision support capabilities with enhanced risk management, historical correlation and integrated incident response functionality. These new capabilities are designed to transform historical, real-time, and prospective security data into actionable information by intuitively presenting insider and external threat information and delivering the information across the enterprise to maintain compliance, reduce risk, and ensure business continuity.

Other key accolades and achievements in the past 12 months include:

--  Deloitte & Touche LLP's NJ Technology Fast 50 Winner (5 consecutive
    years of triple-digit growth)
    
--  Info Security Products Guide 2006 Global Excellence in Security
    Solution for Federal Award
    
--  Positioned in the Leader Quadrant of the Gartner Magic Quadrant for
    Security Information and Event Management 1H06, published on May 12, 2006*
    
--  netForensics nominates (and wins) USAID for SC Magazine Best Security
    Implementation of the Year
    
--  Info Security Products 2006 Hot Company to Watch
    
--  U.S. Department of Labor Mine Safety and Health Administration (MSHA)
    is one of Network World's 2005 Enterprise All-Star Award winners
    
--  New Jersey technology Council (NJTC) recognizes netForensics for
    exceptionally strong growth during the past 12 months
    
--  netForensics receives the highest cumulative score for nFX OSP in the
    Forrester Wave™ report, Security Information Management, Q3 2005,
    Forrester Research Inc., October 14, 2005
    
"The past 12 months has indeed been a banner year for netForensics. When selecting a SIM vendor, end users should consider a vendor's existing customer base, technology roadmap and testimonials from third-party sources," said Dennis Cline, CEO of netForensics. "We have exceptional strength in all three of these areas and will continue to drive forward and lead with a clear vision."

Partnerships are also playing a key role in the current growth of netForensics. Cisco continues to remain an important partner with the two organizations jointly closing several large enterprise-wide SIM deals over the past 12 months. In addition, netForensics was one of 13, out of approximately 150 independent software vendor partners, to receive an HP OpenView 2005 Achiever's Award at the most recent HP Software Universe conference. netForensics is an HP OpenView Platinum Business Partner within the Enterprise Management Alliance Program and was recognized for its revenue success in leveraging HP OpenView sales for fiscal year 2005.

"HP and netForensics understand that our customers need prioritized, actionable security intelligence from diverse enterprise technologies while addressing the requirements of regulations, policies and audits," said Chuck Neal, vice president, channels and alliances, Software, HP. "Our companies have partnered to deliver an extensible solution for security event correlation, monitoring, incident management and compliance reporting."

About netForensics

netForensics transforms all security related information into actionable intelligence, enabling more than 450 enterprises and government agencies to better respond to security threats, maintain compliant operations and ensure the continuity of key business processes. By harnessing the power of our award-winning Security Information Management platform that manages more security events at more organizations than any other product in the marketplace, we help customers deliver security management solutions that rely on the availability of timely and relevant security information.

netForensics facilitates security decision support by transforming relevant data from strategic applications and critical compliance-related assets, as well as the perimeter devices that protect them, into actionable security intelligence (ASI). ASI solutions make security information available to technology domains and users within the security organization and beyond -- by unifying network and security operations while supporting IT governance, enterprise compliance, and risk management initiatives.

* Gartner, "Magic Quadrant for Security Information and Event Management, 1H06" by M. Nicolett, A. T. Williams, P. Proctor. May 12, 2006.

Contact Information

  • Press Contact:
    Evan Weisel
    Welz & Weisel Communications
    P: 703-218-3555
    C: 703-628-5754
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