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Acton, MA – September 26, 2006– eIQnetworks™, Inc.,
a global leader in the Security Information and Event
Management (SIEM) market, today announced the formation of eIQ
Credit Corporation and launch of an all-inclusive, 100%
financing program in North America. eIQ’s new program offers a
variety of financing alternatives for eIQ software, support
and maintenance contracts.
Designed to meet the needs of both enterprise and service
provider businesses, the program can be customized to meet
specific requirements. The program offers flexible 24, 36 and
48 payment terms to enable customers to spread payments over
time to better meet individual cash flow requirements without
exhausting credit lines.
“Once again eIQnetworks has raised the bar by enabling us to
not only deliver comprehensive security management services,
but to also provide attractive and compelling financing
options,” said Michael Bruck, President of BAI Security, a
leading Managed Security Service Provider based in Chicago.
“The new monthly financing program aligns nicely with our
existing monthly service model.”
Benefits of eIQ’s financing program include:
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Provides faster access to leading IT security and compliance
management solutions.
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Eliminates the need to secure budget for technology
acquisition upfront.
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Avoids capital budget timing constraints.
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Allows enterprise customers to implement leading SIEM
solution using operational budgets.
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Better aligns service models with software purchase
requirements.
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Amortizes software “soft costs” (i.e., support/maintenance)
over multiple years.
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Preserves bank lines for other uses.
“In today’s competitive marketplace, many organizations
struggle to find or allocate budget for necessary technology
purchases,” said Peter McGovern, Chief Financial Officer at
eIQnetworks, Inc. “We developed eIQ Credit Corporation to
help our customers quickly acquire solutions by removing the
issues of limited funds, short budgetary cycles and tight
financial caps from the purchasing scenario.”
For more information, please visit
http://www.eIQnetworks.com/financing or contact us at +1 877
564 7787
About eIQnetworks
eIQnetworks, Inc., a global leader in the Security Information
and Event Management (SIEM) market, provides results-driven
solutions to help enterprise, government and MSSP customers
improve security operations while reducing costs. With over
1,800 organizations relying on the power of eIQ to centrally
manage information risk and protect IT assets, security
professionals worldwide are able to take proactive steps to
minimize security breaches and meet compliance mandates. eIQ
customers include Avaya, BT, Casio, Citibank, Celgene,
Fujitsu, Hess, KPMG, Sprint, Malaysia Telecom, Singapore
Telecom, Nuspire, Rackspace, US Army and US Navy. eIQ products
are sold worldwide through strategic OEM partners Astaro,
Fortinet, Intoto, IPolicy Networks, Mirapoint, NEC,
NetContinuum, Secure Computing, Top Layer Networks, and a
global network of distributors and resellers. For additional
information, please visit
www.eIQnetworks.com
or call +1 877 564 7787.
About BAI Security:
BAI Security, a leading Managed Security Service Provider,
helps organizations of all sizes protect their IT
infrastructures and comply with ever-changing regulations. BAI
Security offers advanced specialization with high-profile and
highly-regulated industries, such as Banking & Finance, as
well as Healthcare, Education, and Retail. BAI Security’s use
of Comprehensive Threat Prevention is unique in the industry.
By leveraging our ability to simultaneously monitor firewalls,
intrusion detection/prevention, antivirus inspection, Spyware
and SPAM protection, as well as content management, our
Managed Security Service (MSS) can take advantage of the
shared information between these security components – giving
BAI a layered approach which is critical to a successful
security protection program. For additional information,
please visit
www.baisecurity.net
or call 630-836-8680.
eIQ Press Contact:
Mariah Torpey
Davies Murphy Group, Inc.
781-418-2404
eIQ@daviesmurphy.com
eIQnetworks and the eIQnetworks logo are registered trademarks of eIQnetworks, Inc. All other trademarks, servicemarks, registered trademarks or registered servicemarks are the property of their respective owners.
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