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News

Q1 Labs Comments On Potential ArcSight Acquisition

Q1 Labs : 30 August, 2010  (Company News)
With ArcSight offering itself for sale, competitor Q1 Labs provides its view on the potential effects on the Security Information and Event Management market
As ArcSight's main challenger in the Security Intelligence market, Q1 Labs is thrilled to see this type of activity taking place in the space, as it validates Security Information and Event Management (SIEM according to Gartner) as a necessary technology that should be fundamentally implemented in large and small enterprises alike. In addition, it was recently reported by industry analyst firm Gartner that the security software market will grow more than 11%, passing $16.5 billion in 2010 - with SIEM taking a 20% cut. This is yet another proof point to the widespread adoption of Security Intelligence products such as SIEM.

In terms of Q1 Labs, our annual revenue growth rate is currently at 70% - or 3x the segment growth/7x the macro growth - which is continuing to grow as we continue to take share from companies such as ArcSight.

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