Nuvo Network Management Inc.

Nuvo Network Management Inc.

March 08, 2005 08:00 ET

NUVO Wins Security Services Contract With Fortune 100 Company: Event Correlation Enables Improved Management of Security Threats


NEWS RELEASE TRANSMITTED BY CCNMatthews

FOR: NUVO NETWORK MANAGEMENT INC.

TSX VENTURE SYMBOL: NNM

MARCH 8, 2005 - 08:00 ET

NUVO Wins Security Services Contract With Fortune 100
Company: Event Correlation Enables Improved Management
of Security Threats

OTTAWA, ONTARIO--(CCNMatthews - March 8, 2005) - NUVO Network Management
Inc. (TSX VENTURE:NNM), a leading managed services provider for
solutions that Maximize IT® availability and performance for business
profitability, announces that it has been awarded a new contract to
manage more than 200 security firewalls by a Fortune 100, US-based
company.

NUVO's managed security services enable the client to aggregate and
correlate security events across its world-wide security infrastructure
and critical assets in real time so that it can identify and prevent
potential threats faster and more accurately. This is backed by total
lifecycle management, including patch implementation, daily
configuration backups, upgrade installation, proactive signature
updates, and tuning of security devices, as well as timely security
intelligence and warning of emerging threats.

"After the company thoroughly reviewed and assessed the major managed
security solutions available in the market, NUVO was selected for this
service based on our leadership and performance record," said Phil
Weaver, President and CEO. "As a trusted security advisor, we have
worked closely with them to meet the evolving requirements of conducting
superior security event response.

"NUVO continues to attract the attention of business leaders with our
leadership solutions, and is outpacing industry growth. Gartner has
predicted that in North America, the market for security services will
grow from $4 billion in 2001 to $9 billion in 2006, a compound annual
growth rate of 17 percent. Meanwhile, NUVO's managed security and server
services are growing at over 150% last year and over 200% year-over-year
growth in our first quarter of this year."

With 24x7 monitoring and rapid incident response, quality processes,
certified experts, and a web-portal customer interface, NUVO's
MAXsecure™ managed security services provide a resilient,
cost-effective solution for companies to deal with security threats,
including:



- Continuing escalation of threats, vulnerabilities and risks (e.g.
viruses, spam, spyware)
- Accelerating attacks, resulting in downtime
- Regulatory compliance (Sarbanes Oxley, Health Information
Portability and Accountability Act, etc.)
- Technology evolution (IP telephony, WAN)


About NUVO

NUVO provides remote management and protection of IT infrastructures for
businesses worldwide to maximize the availability of their computing
infrastructure. NUVO enables our customers to excel by delivering fully
integrated, proactive management services and business data. This
provides the critical information needed for
effective analysis and decision-making to maximize performance and
control costs. NUVO achieves this through certified experts,
best-of-class technology, deep integration, highly automated processes,
and best practices in a 24x7, resilient infrastructure. www.nuvo.com.

Forward Looking Statements

Certain statements included in this press release are forward-looking
and are subject to certain risks and uncertainties. The results or
events predicted in these statements may differ materially from actual
results or events. Factors that may cause results or events to differ
from current expectations include, but are not limited to, those set out
on NUVO's website at http://www.nuvo.com/news/fls.html.

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Contact Information

  • FOR FURTHER INFORMATION PLEASE CONTACT:
    NUVO Network Management Inc.
    Gary Gudbranson
    Vice President, Marketing
    (613) 726-5012
    marketing@nuvo.com
    The TSX Venture Exchange has neither approved nor disapproved the
    content of this press release.