theDocumentId => 1131612 netForensics Reports Strong Growth Q2 2009

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7/27/2009
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netForensics Reports Strong Growth Q2 2009

Acquisition of High Tower Software's SIEM technology helps drive growth

EDISON, N.J., July 23 /PRNewswire/ -- netForensics, Inc. a leader in the Security Information Management market, today announced that it concluded the second quarter having added dozens of new customers growing the company's worldwide customer base to over 550.

Since acquiring High Tower Software's SIEM technology in February '09 (now nFX Cinxi One), netForensics has experienced strong growth in the appliance market from customers looking for an affordable technology of SIM and log management in one appliance. "Historically many customers have had to choose between log management and security information and event management solutions," said Dale Cline, President and CEO of netForensics. "With nFX Cinxi One, customers get both log management capabilities with powerful correlation technology and real-time monitoring in one box."

In addition to the growth of nFX Cinxi One, netForensics' second quarter highlights included:

-- Continued double digit revenue growth and profitability in Q2 2009.

-- Addition of over 50 new nFX Cinxi One customers to the netForensics family of clients.

-- Leading Analyst recognitions; Gartner recognized netForensics as a "visionary" provider of SIEM solutions in its 2H '09 report on the SIEM market and Forrester recognized netForensics for possessing all features identified as key to SIM solutions.

-- Leadership team expansion; Appointed Dave Steidle as Vice President of Technology to drive product vision and enhancements.

-- Accolades for nFX SIM One; Info Security Products Guide awarded netForensics' nFX SIM One the "2009 Global Excellence Award Winner," demonstrating that netForensics is ahead of the curve when it comes to the best-of-the-best products for ensuring the security of an organization.

"This has been a very significant quarter for netForensics from both a technology and customer perspective," said Dale Cline, President and CEO of netForensics. "With our nFX Cinxi One appliance gaining wide adoption in the appliance market and our core nFX SIM One product continuing to be recognized as the premier enterprise SIM solution, it is further evidence of our ability to execute on our vision and provide the highest level of satisfaction to our customers."

About netForensics

netForensics delivers security compliance management solutions that help stop the ever-increasing attacks that threaten organizations. Through its patented nFX technology, netForensics not only solves security compliance challenges, but provides the proof needed to address the myriad of regulatory and internal governance requirements. The netForensics' suite of nFX One products provides solutions to address external and internal threats, mitigation, log management and reporting. Governments and companies of all sizes around the world rely on netForensics to gain unparalleled information security management visibility, prevent costly downtime, and maintain compliant operations. For more information, visit: http://www.netforensics.com/.

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