EiQ Networks Moves to Larger Headquarters in Downtown Boston to Accommodate Rapid Company GrowthBoston, Mass.
EiQ Networks, a pioneer in hybrid SaaS security and continuous security intelligence services, today announced it has moved its worldwide headquarters to 60 State Street in Boston from its previous location at 12 Post Office Square, also in Boston.
EiQ’s new Boston headquarters is more than twice the size of the previous office space and will support EiQ’s expanding workforce of sales and software professionals as the company plans to add more than 50 new employees in 2016, half of them in Boston. Last year, EiQ added 47 new employees to its roster, 24 of them in Boston.
EiQ saw a 178% year-over-year increase in its SOCVue® Hybrid SaaS security services sales and 166% year-over-year growth in its customer base, which uses SOCVue to identify threats and vulnerabilities, mitigate risks, and enable compliance. EiQ recently announced it had closed $9.55 million in a Series C financing round led by Arrowroot Capital, a growth equity firm based in Santa Monica, California. The company ended 2015 with a 300% increase in Annual Recurring Revenue (ARR) over 2014.
“Relocating EiQ’s headquarters to downtown Boston last year enabled us to hire a talented group of professionals to drive accelerated customer adoption,” said Vijay Basani, Chairman, President, and CEO of EiQ Networks. “In order to accommodate our rapid growth, we’ve moved to larger headquarters that will enable us to continue hiring the best talent possible in order to support our quickly growing customer base.”
About EiQ Networks
EiQ, a pioneer in hybrid SaaS security services, is transforming how mid-market organizations build enterprise-class security programs. Acting as an extension of our customers’ IT teams, EiQ provides continuous security operations based on best-of-breed technology at a fraction of the cost of alternative solutions. EiQ is a trusted advisor to organizations that need to improve their IT security and compliance posture and protect against cyber threats and vulnerabilities. For more information, visit: https://www.eiqnetworks.com.
Kim Ann King
Vice President of Marketing
EiQ Networks, Inc.