Q1 Labs Expands Federal Operation in Response to Exponential Market Growth
15 June, 2010 - Emerging Security Intelligence Use Cases Demand Next Generation SIEM, Risk Management and Log Management Technology
WALTHAM, Mass., Jun 15, 2010 (BUSINESS WIRE) -- Q1 Labs, the global provider of total security intelligence solutions, today announced it has seen exponential growth in its federal segment due to demand from federal agencies wanting to enhance their security postures to protect against cyber threats, validate compliance with federal mandates, and for the desire to have situational awareness for emerging technologies such as cloud computing and virtualization.
In 2010, Q1 Labs has increased its federal headcount by 400%, including the appointment of a seasoned VP with a track record of sales excellence delivering next-generation technologies into the federal market. Erich Baumgartner has joined the company as Vice President of Federal Operations, where he oversees all of Q1 Labs' customer, partner and integrator business. Prior to Q1 Labs, Erich held sales leadership positions at high growth, leading edge security companies such as Raptor, Symantec, OKENA, Ingrian and Arxan.
Over the last three years, Q1 Labs' federal business has been growing at an average of 150% a year, with strong growth across all cabinet agencies. To meet this explosive growth, the company now has about 15% of its sales force dedicated to sales teams for the defense, intelligence and civilian agency/sectors. Q1 Labs continues to take share from competitors, providing both public and private entities with the most security intelligence on the market with its QRadar SIEM solution. This intelligence enables them to:
-- Meet critical security monitoring requirements tied to emerging technologies such as cloud computing, virtualization, service-oriented architecture and open source software -- all technology markets that are expected to grow through 2014, according to INPUT
-- Meet federal mandates such as FISMA 2.0, which stresses the need for 'continuous monitoring'
-- Monitor network and security infrastructure for transient and mobile networks -- particularly in foreign theatres
-- Acquire geo-location aware security content (rules, alerts, reports) to combat Nation State hacking and cyber-warfare
-- Combine complex event correlation with application layer content from the network in order to detect emerging threats and deliver real-time impact analysis and forensics
QRadar is next-generation SIEM technology that provides "mission-speed" for federal agencies that require:
-- Swift deployment, timely operational readiness and immediate results -- which first-generation solutions can't deliver
-- Automated discovery of network assets and deployment capabilities -- making the solution easy to use out-of-box
-- Pre-built security intelligence in the form of searches, rules and reports
-- Top notch support -- that doesn't top out their budgets
"We're doing exceptionally well in the federal segment and continue to see federal adoption of our QRadar SIEM and Log Manager to meet compliance regulations, protect geographically dispersed networks, and support operations with minimal staff and budget," said Erich Baumgartner, vice president of Federal Sales for Q1 Labs. "Federal customers want to deploy advanced SIEM and log management capabilities as simply as possible; customer feedback indicates we have the most intelligent, integrated and automated SIEM on the market, and provide superior sales and evaluation support."
In addition, Q1 Labs has also cemented a number of partnerships in the federal space, with providers such as Patriot Technologies, Merlin International and The Winvale Group. "We selected Q1 Labs as a partner because our federal customers are looking for next-gen security intelligence solutions, as their needs are evolving. First-gen solutions depend on customization and expensive professional services to achieve ROI, which is no longer an option given the current economic climate," said Bruce Tucker, President and Founder of Patriot Technologies. "Next-gen technologies, like QRadar SIEM from Q1 Labs, are best positioned to enable initiatives such as data center consolidation, deployment and monitoring of virtual servers and cloud security solutions."
QRadar SIEM provides the most visibility into network activity, monitoring through layer 7 of the network. QRadar SIEM is FIPS 140-2 Compliant, STIG Tested, and NIAP CC EAL2 certified, with EAL3 currently in-process.
Supporting Resources
-- Q1 Labs Website www.q1labs.com
-- Follow Q1 Labs on Twitter! http://twitter.com/Q1Labs
About Q1 Labs
Q1 Labs is a global provider of high-value, cost-effective next-generation network security management products. The company's flagship product, QRadar SIEM, integrates previously disparate functions -- including risk management, log management, network behavior analytics, and security event management -- into a total security intelligence solution, making it the most intelligent, integrated and automated SIEM product available. QRadar SIEM provides users with crucial visibility into what is occurring with their networks, data centers, and applications to better protect IT assets and meet regulatory requirements. Q1 Labs is headquartered in Waltham, Mass., U.S.A., and the company's customers include healthcare providers, energy firms, retail organizations, utility companies, financial institutions, government agencies, and universities, among others. For more information, visit Q1Labs.com, e-mail info@Q1Labs.com, or call 781-250-5800.
SOURCE: Q1 Labs
Q1 Labs
Nicole Czarnecki, 781-250-5829
PR manager
Nicole.Czarnecki@Q1Labs.com
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