Acton, Mass. – April 19, 2005 – eIQnetworks™, Inc. (www.eIQnetworks.com), a pioneer of comprehensive security and systems management solutions for the enterprise, today announced it is expanding its global partner strategy with the formal launch of a specialized Advantage MSSP Partner Program focused on helping Managed Security Service Providers deliver new revenue generating value added services such as Regulatory Compliance, On-demand reporting, Security Event Management, Log Management and Forensic Analysis. The eIQ Advantage MSSP Partner Program builds upon the Company’s existing worldwide channel, providing formal programs, sales and marketing tools and incentives tailored to meet the requirements for this strategic, highly focused and burgeoning market.

According to industry research, the global security market for Managed security services was $2.3 billion in 2004, with 2005 estimates already dwarfing last year. The alarming trend in security breaches coupled with stringent regulatory compliance requirements is resulting in enterprise customers seeking help from service providers who have the expertise and knowledge to help deal with multi-functional and cross platform security devices and systems. Managed Security Service Providers (MSSPs) are increasingly helping enterprise customers improve operations and performance of security processes, including augmenting in-house operational staff, enhancing security response, reducing operational expenses and improving security processes and strategies.

“In our business, staying ahead of the technology curve is critical to protecting our clients’ enterprise assets. However, in today’s environment of escalating and accelerating security threats, it has become business critical that we deploy the most comprehensive real-time monitoring, alerting, forensics and reporting technology available,” said Joe Young, president and chief executive officer of Global Data Systems Inc., a Pembroke, MA-based provider of managed security and information management services. “If our clients are in the headlines, that means it’s too late; they been compromised. eIQnetworks enables us to redefine the technology curve with a security event management solution so thorough, it enables us to be proactive and preemptive in dealing with any threat to our clients’ enterprise.”

Indiana-based Catalyst Technology Group (CTG) has partnered with eIQnetworks to provide a strategic layer of security event management capability to its depth and breadth of managed security services.

“At CTG, we deliver a wealth of security detection and protection services; but those services can quickly be rendered useless without comprehensive, actionable monitoring, alerting and reporting capabilities,” said Neil Issa, president of Catalyst Technology Group, Inc. “eIQnetworks’ Network Security Analyzer, combined with our specialized ‘Powered by eIQ’ client portal, allows us to add a highly valuable layer of managed security services for our clients, enabling us to provide a clearly differentiated caliber of service and alleviating our clients’ security woes.”

“In 2005, we continue to witness enterprises of all sizes come under attack from accelerating, increasingly sophisticated and rapidly multiplying threat activity,” said Vijay Basani, chief executive officer of eIQnetworks. “Responding to these challenges requires a specialized effort with tailored programs and products designed to minimize and eliminate these threats while implementing necessary processes to comply with various regulatory requirements. The eIQ Advantage MSSP Partner Program is providing these security services experts with the industry’s most comprehensive, powerful and accessible tools, with an unprecedented level of support to help them bring these solutions to their customers at an affordable price.”

The 3 tier eIQ Advantage MSSP Partner Program (Platinum, Gold and Silver) empowers partners with extensive, customizable information delivery vehicles with award-winning security management solutions. MSSPs can deliver log management, compliance analysis and reporting, security event monitoring and alerting, forensics analysis and reporting services. Key program elements include:

• Out of the Box Co-branded, client-facing portals (“Powered by eIQnetworks” Program) – Allows customers to logon to MSSP’s portals to gain access to security event and compliance reporting services;

• ‘Pay as you go’ Program - MSSPs can add new customers without large upfront commitment;

• Flexible payment program – Qualified MSSPs can pay on a monthly, quarterly or onetime basis, thus avoiding large upfront capital requirement;

• Volume and channel discounts – significant discounts makes it easy and affordable to offer new value added services to end customers;

• Free training through periodic and ongoing partner Webinars;

• Market Development and Co-marketing funds – MSSPs can qualify for co-marketing and market development funds;

• Partner extranet sites;

• Sales and support assistance – eIQ sales and support teams will work with MSSP partner teams to facilitate relationships and communication with customers.

With the eIQ Advantage MSSP Partner Program, MSSPs can offer the following new value added services:

• Monitoring and Alerting - Monitor and alert on security event data across all customer devices in real-time, and identify security breaches including viruses, intrusions, attacks, port activity, rule violations, denied/allowed traffic, protocol activity and more.

• Forensic Analysis – deliver on demand post-incident forensics and investigative analysis by reconstructing the time line of an attack or activity by a particular source or employee. It assists Auditors in verifying an organizations’ regulatory compliance using ad-hoc search capability.

• Reporting - Using Co-branded reporting portal to deliver new revenue generating services such as on-demand and customized reporting services to meet each customer unique security reporting requirements.

• Regulatory Compliance - Provide comprehensive and automated compliance reports, Security Event Monitoring, correlated alerting, and forensics analysis to meet compliance with government regulations such as Sarbanes-Oxley, GLBA, HIPAA and FISMA.

• Log Management – Automatically collect, correlate, compress, encrypt and archive log data from each customer’s devices to help them meet regulatory compliance requirements as well as for historical analysis.
  

To date, more than 15 leading MSSPs throughout the US and Europe have joined eIQ Advantage MSSP Partner Program. Currently, eIQnetworks sells its award-winning security and systems management solutions through a global channel and manages over 160 channel partners in over 50 countries.

About eIQnetworks
Founded in 2001, eIQnetworks is an award-winning provider of Security and Systems Management Solutions that deliver security-critical forensics, archiving, correlation, alerting, risk analysis, reporting as well as real-time event monitoring for information security professionals in multiple industries worldwide. The Company’s products are used in more than 50 countries around the world and are currently deployed in over 1000 companies and government agencies, including LL Bean, Hess, Sprint, Avaya, MCI, Malaysia Telecom, Fujitsu, Unisys, Fiberlink, Boston.com, FCC, US Army, US Navy, Wachovia, Citibank, HP, ADP, Bertelsmann, UBS, KPMG and many more. eIQnetworks’ solutions are available worldwide through an extensive, global distributor network. For additional information, visit www.eIQnetworks.com or call 1-877-LOGS R US.

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.