ACTON, Mass.— February 09, 2009– eIQnetworks^®, Inc., the company redefining security and compliance management, today announced the appointment of Mike Sullivan to the position of chief financial officer. In his new role at eIQnetworks, Sullivan will guide all aspects of the company’s financial and administrative operations.

“Mike has a wealth of world-class experience, and we’re thrilled to welcome him to the executive team,” said Vijay Basani, CEO of eIQnetworks. “As eIQnetworks continues to scale to meet the security and compliance management requirements of enterprise customers and government agencies, Mike’s extensive experience with software companies of all sizes will serve us well. We are excited that we continue to bring top flight talent to the team.”

Mr. Sullivan has more than 19 years of extensive experience in fiscal management and operations with high-growth companies. Most recently he was CFO at Ecora Software, a leading provider of automated configuration auditing and compliance reporting solutions, where he oversaw all finance, accounting and strategic planning activities. Prior to Ecora Software, Mr. Sullivan served as CFO for public company Segue Software, where he helped guide the company's sale to Borland Software in 2006 for in excess of $110 million.

“eIQnetworks is at the perfect stage for me to have an immediate impact in strengthening the organization, accelerating growth and building the company’s operational capabilities to scale,” said Sullivan. “What attracted me most was the huge market opportunity eIQ is pursuing with new and innovative technology poised to disrupt the status quo. Not many companies have been able to grow consistently and raise top-tier venture capital financing in this economy. So I’m very excited to join the team.”

Prior to his appointment as CFO at Segue Software, Mr. Sullivan held several positions at the company, including VP Finance, Corporate Controller and North American Controller. Before joining Segue Software, Mr. Sullivan developed his expertise in financial management with companies such as Kortec, Bixby International and C.R. Bard. Mr. Sullivan holds an MBA from Northeastern University and a Bachelor of Arts from Dartmouth College.

About eIQnetworks

eIQnetworks is redefining security and compliance management by fostering collaboration across security, network, data center and audit teams to more quickly isolate the root cause of security issues and ensure compliance mandates are being enforced. Global financial, media, healthcare, manufacturing, and government enterprises rely on eIQnetworks to make sense of formerly disparate data sources to react faster to emerging threats, automate their compliance efforts, and more effectively monitor security policies. Headquartered in Acton, Mass., eIQnetworks is located online at www.eIQnetworks.com and can be reached at +1 877.564.7787.