ACTON, Mass. – October 09, 2007 – eIQnetworks^®, Inc., a global provider of next-generation security information management (SIM) solutions, today announced that The South Financial Group Inc. (NASDAQ: TSFG) has selected SecureVue^® to proactively manage security, identify threats, support audit requirements and measure program effectiveness across the enterprise.

After reviewing competitive enterprise SIM offerings, The South Financial Group chose to deploy eIQ’s SecureVue because it presents a consolidated view of operations, security, risk and compliance information. eIQ’s next-generation SIM solution will enable South Carolina’s largest publicly traded bank holding company to improve efficiency, reduce costs and eliminate management complexity by replacing multiple point products with one unified platform.

“Protecting customer privacy and complying with regulations like GLBA and SOX are critical to ensuring customer trust and brand loyalty,” said Barry Miller, Chief Information Security Officer at The South Financial Group. “eIQ’s SecureVue platform allows our company to reduce risk by delivering enterprise-wide insight into security and compliance requirements.”

By combining log, vulnerability, configuration, asset, performance and NetFlow data into a unified repository, SecureVue provides end-to-end correlation that offers The South Financial Group extensive visibility into the enterprise. Executive and operational dashboards, correlation analysis, reporting, data archival and forensic capabilities enable TSFG to quickly identify and remediate security threats while adhering to audit requirements.

“We were especially impressed with SecureVue’s comprehensive next-generation SIM approach and ability to integrate network, security and compliance information into one platform,” Miller said. “Consolidation and correlation of information for IT risk management enables us to streamline resource requirements, identify security breaches and improve operational efficiency across our distributed network of over 170 branch offices.”

“Increasing security breaches, regulations and audit requirements are making it critical for today’s financial services companies to assure that customer information is being stored on a secure infrastructure,” said John Sullivan, Senior Vice President of Field Operations at eIQnetworks. “SecureVue delivers security intelligence and compliance management that enables companies like The South Financial Group to deliver a high level of confidence to customers, while reducing the risk of brand-damaging breaches and compliance violations.”