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News

High Growth in Sales for Network Security Intelligence Products

Q1 Labs : 11 March, 2010  (Company News)
Q1 Labs is reporting high growth levels during 2009 for its intelligent, integrated and automated network security
Q1 Labs has surpassed the 1000 customer mark, continuing to build on the company's recently disclosed explosive growth in 2009. Last year, Q1 Labs acquired nearly 500 customers, doubling its customer base since 2008. Breaking the 1000 customer mark is due to having the solutions that the market prefers and to the success of Q1 Labs' channel program; the company is known for working closely with its OEM and channel partners to meet the security needs of customers, allowing partners to provide the most intelligent, integrated and automated SIEM appliance on the market.

"We're thrilled to see so many customers utilizing QRadar to protect their operations and their networks," said Shaun McConnon, CEO of Q1 Labs. "We're quickly taking market share from competitors because customers recognize that QRadar gives them the most bang for their buck. We provide the most visibility into network activity, enabling customers to see into layers one through seven on their networks - no other SIEM vendor provides this depth of network visibility as thoroughly and cost-effectively as we do."

The company acquired 193 new customers in Q4'09 alone; since then, Q1 Labs has added many customers worldwide, bringing its total customer count to more than 1000.

"We work tirelessly with our OEM and channel partners to ensure we're ahead of the market and providing them with the right set of products to offer their customers," said Tom Turner, senior vice president of marketing and channels. "Our sales team works hand-in-hand with our partners to meet customer demand. We're known amongst our channel partners for being easy to do business with; more than 75% of our revenue comes from the channel - a testament of the dedication to our partners."

The company continues to see success globally and in selected verticals, across the financial, government (federal, state and local), education, retail, pharmaceutical, healthcare, energy and service provider industries.
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