Acton, MA – February 23, 2005 – eIQnetworks™, Inc. (www.eIQnetworks.com), a pioneer of comprehensive security and systems management solutions for the enterprise, today announced it has signed an OEM licensing agreement with NEC (NASDAQ:NIPNY), one of the world's leading providers of Internet, broadband network and enterprise business solutions, to enhance NEC’s VALUMOware product offering. Under the terms of the agreement, NEC will license eIQnetworks’ Network Security Analyzer™ (NSA), the industry’s first browser-based, multi-vendor network security event management solution.

As a result of this strategic partnership, NEC is embracing eIQnetworks’ industry-unique, holistic approach to security event monitoring, alerting and reporting capabilities across customers’ enterprise-wide network security infrastructure. Utilizing NEC VALUMOware network incident management product, customers will now be able to quickly gather, analyze, report and manage information generated by their network security devices.

“This partnership with eIQnetworks allows NEC to extend award winning vendor neutral network incident event management to our customers who are looking for proactive network security management,” say Masato Yamamoto, General Manager, 1st Computers Software Division of NEC. “With incident management product of VALUMOware our customer will be able to gain insight into network security breaches, proactively identify hacker and virus attacks, and take corrective actions to improve overall perimeter security.”

NEC has been providing VALUMOware network management, integrated network operation and management solution for multi-vender network environment, for years and is going to launch network incident product of VALUMOware as a network security incident solution. VALUMOware network incident management product provides:

• centralized management of security events from multi-vendor security devices.

• tracking and isolation of a switch port connected to virus infected PC in the event of virus infection.

eIQnetworks’ NSA (which is called SecurityReporter in VALUMOware) helps to create and distribute reports of security log and traffic statistics on a periodic basis.

“This OEM licensing agreement with NEC represents another important strategic distribution channel, as well, it sends a strong message to the marketplace that major market forces, such as NEC, are ready to adopt our vision of holistic, comprehensive security event management,” said Vijay Basani, CEO & President of eIQnetworks. “eIQnetworks’ technology is sold as the preferred Security Event Management solution by several leading edge networking vendors. This partner-centric business model is furthering our vision in the marketplace and is positioning us well to become the de facto industry standard for strategic, effective security event management.”

eIQnetworks’ NSA is an award-winning Security Event Management solution that delivers the industry’s most comprehensive security event monitoring, alerting and reporting capabilities across the enterprise-wide network security infrastructure. NSA provides critical correlation analysis information necessary to minimize incident response time, eliminate false-positives and maximize opportunities for proactive and preventative actions, ultimately strengthening organizations’ overall security posture, reducing hacker and virus attacks while meeting regulatory compliance requirements. NSA is the only SEM solution in the industry that automatically collects, archives, normalizes, correlates, analyzes, monitors and reports on all security event data across multi-functional network devices from multiple vendors for significantly enhanced security management operations.

About NEC Corporation
NEC Corporation (NASDAQ: NIPNY) (FTSE: 6701q.l) is one of the world's leading providers of Internet, broadband network and enterprise business solutions dedicated to meeting the specialized needs of its diverse and global base of customers. Ranked as one of the world's top patent-producing companies, NEC delivers tailored solutions in the key fields of computer, networking and electron devices, by integrating its technical strengths in IT and Networks, and by providing advanced semiconductor solutions through NEC Electronics Corporation. The NEC Group employs more than 140,000 people worldwide and had net sales of 4,906 billion yen (approx. $47 billion) in the fiscal year ended March 2004. For additional information, please visit the NEC home page at: http://www.nec.com.

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.

eIQ Press Contact:
Mariah Torpey
Davies Murphy Group, Inc.
781-418-2404
eIQ@daviesmurphy.com

eIQnetworks and the eIQnetworks logo are registered trademarks and Network Security Analyzer is a trademark of eIQnetworks, Inc. All other trademarks, servicemarks, registered trademarks or registered servicemarks are the property of their respective owners.