Hybrid Security-as-a-Service Pioneer EiQ Networks Continues Upward Trajectory with 11th-Consecutive Record Quarter

10/25/16

EiQ Networks, a pioneer in hybrid security as a service, today announced the 11th-consecutive record quarter for its SOCVue® Security Monitoring and Vulnerability Management services. The EiQ customer base grew 118% from Q3 2015 to Q3 2016, and net new customers added during the quarter grew 88% from Q3 2015 compared to Q3 2016. EiQ’s customers use SOCVue to identify, analyze, and report against cyber threats and vulnerabilities, mitigate risks, and enable compliance.

Additional highlights of the third quarter in calendar year 2016 include:

  • Dozens of new customers, of which EiQ announced three in Q3, including YMCA of Greater Boston, Bay Federal Credit Union, and Massachusetts Maritime Academy.
  • The expansion of EiQ’s reseller partner program with 11 new partners, four of which were announced in Q3: Horsetail Technologies, Solutions4Networks (S4Nets), Technical Support International (TSI), and United Technology Group.
  • The availability of SecureVue® Cloud, a fully managed cloud native SIEM and Log Management solution that is tightly integrated with EiQ’s SOCVue Security-as-a-Service platform. This fully managed cloud-native SIEM/Log Management solution delivers a faster, easier, and highly scalable implementation without the need to purchase and maintain hardware or employ dedicated SIEM/Log Management administrators, making it even more affordable.

“EiQ is continuously monitoring our customers’ IT environments around the clock to proactively detect, analyze, and remediate threats and vulnerabilities in order to mitigate risks against the evolving cyber threat landscape,” said EiQ’s Founder, CEO, and Chairman, Vijay Basani. “Our customers receive enterprise-class security for a fraction of the cost, so they can have the peace of mind they deserve.”

With outstanding product innovation, customer service delivery, continuing employee expansion, and strategic investments, EiQ continues to help mid-market organizations (those with fewer than 5,000 employees) with proactive threat detection, continuous threat and vulnerability analysis, and timely remediation guidance.

EiQ’s SOCVue is the only subscription hybrid security as a service that combines people, process, and technology to deliver a cost-effective information security program, including:

  • Proactive and Continuous Critical Security Controls Auditing
  • Fully Managed and Co-managed SIEM & Log Management
  • Continuous Vulnerability Management
  • 24x7x365 Security Monitoring by Trained EiQ SOC Security Analysts
  • Incident Analysis, Notification, and Remediation Guidance
  • Compliance Reporting


About EiQ Networks

EiQ, a pioneer in hybrid security as a service, 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.

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