NitroSecurity Doubles SIEM Sales During Record 2010

Jan. 31, 2011 - PRLog -- PORTSMOUTH, N.H. – January 31, 2011 – NitroSecurity, Inc., the leader in high-performance, content-aware security information and event management (SIEM) solutions today announced that the company posted record results in 2010 and continues this strong momentum into 2011. Highlights of the year include:

Corporate Milestones

•   100% SIEM sales growth year-over-year while achieving positive cash flow results for the year.

•   Dramatic customer growth with the addition of 125 new Fortune 1000 enterprise, federal government, critical infrastructure, healthcare and financial services customers including Adelphi University, Bank of China, Cvent, Roswell Park Cancer Institute and the U.S. Army.

•   Acquired advanced, risk-based correlation technology for detecting data leakage and advanced cyber threats, and Fortune 100 customers including AT&T and the City of Seattle through the acquisition and integration of the security business of LogMatrix.

•   Expanded international operations in Europe, the Middle East and Africa with sales, systems engineering and development resources based at the company’s new Watford, UK offices to satisfy increasing customer and partner demand.

“We appreciate the trust that our customers and partners have placed in our people and products,” said Ken Levine, CEO of NitroSecurity. “We look forward to working collaboratively with them to address the ever-evolving cyber threat and compliance landscape and jointly develop the industry’s first truly real-time security intelligence solutions.”

Technology Leadership

•   New NitroView ELM offering delivers the industry’s deepest level of integration between log management and security event management, providing deep analysis across all relevant logs, and immediate access to source log records, essentially eliminating the need to manually search through massive log files.

•   Launched NitroView CIP, establishing the industry’s only end-to-end NERC CIP security and compliance solution for critical infrastructure providers with the unique ability to log, analyze and correlate security events across their entire infrastructure – from Ethernet-connected networks to serially connected elements like process line controllers (PLCs) and remote terminal units (RTUs).

•   Only SIEM with fully integrated database activity monitoring (NitroView DBM) and application data monitoring (NitroView ADM) capabilities for protecting against and detecting potential data leakage caused by trusted insiders, which is at the heart of the WikiLeaks controversy.

•    The first SIEM to deliver advanced geo-location tracking, which provides a visual view – down to city/town zip codes or similar specific locations – of where activities like security attacks or suspect user/application traffic are geographically concentrated, helping SOC operators better understand threats and determine potential courses of action.

“Advanced attacks such as Aurora and Stuxnet have drastically transformed the cyber threat landscape,” said Jon Oltsik, Senior Principal Analyst at Enterprise Strategy Group. “These attacks and others proved again that no system is untouchable and no asset can go unmonitored. NitroSecurity’s innovations in real-time, highly scalable, content-aware SIEM are a leading indicator of the direction the industry needs to go in to reduce risk, rapidly respond to threats and ensure compliance.”

SIEM Partner of Choice

NitroSecurity expanded its global channel partner program to 75 world-class organizations, including new partners ApliDigital, Bat Blue, CynergisTek, Dataway, HiWAAY, IronBow Technologies, LTI DataComm, MAD Security, Mission Critical and NetBR. Channel partners drove over 60 percent of 2010 sales.

“We teamed with NitroSecurity to become a strategic Accuvant solution-enabled partner because of their unique technology, product roadmap and dedicated organization,” said James C. Foster, Vice President of Accuvant. “The powerful partnership of NitroView SIEM solutions and Accuvant Solution Services enables us to execute our mission to protect the United States, her allies, corporations and citizens.”

•   Executed strategic technology partnerships with global leaders OSIsoft, McAfee and F5 Networks to provide advance cyber solutions to critical infrastructure and Fortune 1000 enterprise customers. NitroView ESM is tightly integrated with OSIsoft’s PI System®, McAfee® ePolicy Orchestrator® (McAfee ePO) software and F5 Networks’ BIG-IP® Application Delivery Networking architecture.

•   Established solution partnerships with Emerging Threats Pro, provider of the fastest and most diverse IDS signature set and firewall rules; Encari, a leading critical infrastructure compliance consulting firm; FairWarning, a leading supplier of cross-platform healthcare privacy auditing solutions for Electronic Health Records (EHR); and Waterfall, a leading provider of unidirectional security gateways to utilities and critical infrastructure operators.

Honors, Accolades and Certifications

•   Named a “Visionary” in Gartner’s 2010 Magic Quadrant for Security Information and Event Management.

•   Lauded by analyst firm The 451 Group: “By combining content visibility, database activity monitoring and intrusion prevention technology into one of the fastest ESIM products available, NitroSecurity offers one of the most useful and seamless incident response-focused ESIM products available today.”

•   Won the prestigious 2011 InfoWorld Technology of the Year Award for “the best log management solution of 2010.” The integrated NitroView ESM and NitroView ELM solution bested six other vendors to achieve the top score in the August “InfoWorld Review: Better Network Security, Compliance with Log Management.”

•   Inducted into the SC Magazine Innovators Hall of Fame in the inaugural “Class of 2010” for its flagship SIEM solution, NitroView ESM, after being named an Innovator of the Year for three straight years and one of the Top 20 Products of the Last 20 Years.

•   Recognized by Everything Channel as one of North America’s top IT vendors for its NitroConnect Partner Program, which was awarded the Five-Star “exceptional” rating in the Small Business category.

•   Selected for inclusion on the U.S. Army Information Assurance Approved Products List (IA-APL) – the first and only SIEM vendor with FIPS 140-2 Level 2 validation and Common Criteria v3.1 EAL3 certification to achieve Army approval.

•   Certified – the first SIEM and standalone IPS solution – on the DOD Unified Capabilities Approved Products List (UC APL), streamlining procurement across all branches of the Department of Defense.

About NitroSecurity
NitroSecurity develops high-performance security information and event management (SIEM) solutions that protect critical information and infrastructure. NitroSecurity solutions reduce 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 organizations in the energy, healthcare, education, financial services, government, retail, hospitality and managed services industries. For more information, please visit http://www.nitrosecurity.com.

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NitroSecurity develops high-performance security information and event management (SIEM) solutions that protect critical information and infrastructure. NitroSecurity solutions reduce 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 organizations in the energy, healthcare, education, financial services, government, retail, hospitality and managed services industries. For more information, please visit http://www.nitrosecurity.com.