Q1 Labs Appoints New Chief Financial Officer

Industry veteran to drive worldwide finance, IT and facilities operations

WALTHAM, Mass. - January 24, 2011 − Q1 Labs, the global provider of total security intelligence solutions, today announced that it has appointed Brian Cohen as its chief financial officer, effective January 18, 2011.

Mr. Cohen brings over 30 years of financial and general management experience with rapidly growing venture capital-backed private and publicly traded companies. Most recently, he served as chief financial officer of Segway Inc., where he played a major role in managing the company's growth. Cohen's extensive experience includes CFO of WebLine Communications Corporation and CFO of publicly traded Telebit Corporation. He has also held leadership positions at other rapidly growing technology companies. Mr. Cohen has experience in international operations, mergers and acquisitions and venture capital financings, and the processes, systems and controls necessary in publically traded companies. Cohen commenced his career with PriceWaterhouseCoopers.

"We are very excited to have Brian join the company as we continue to grow, and anticipate our Initial Public Offering (IPO)," said CEO Shaun McConnon. " Brian's proven track record and his depth and breadth of financial and operational management expertise are extremely valuable additions to our management team."

Reporting to the CEO, Mr. Cohen will supervise the company's financial group and initiatives while serving as the chief financial spokesperson for the organization.

"As the leading independent SIEM vendor, Q1 Labs is in a unique position to take advantage of the surging global demand for highly integrated, automated and intelligent security solutions," said Brian Cohen, CFO. "With its stated goal of defining and dominating this security intelligence market, this is a very exciting time to be joining Q1 Labs, and I look forward to participating in fulfilling this vision."

Mr. Bob Fincke will remain with the company as the vice president of financial operations.

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About Q1 Labs
Q1 Labs is a global provider of high-value, cost-effective next-generation security intelligence products. The company's flagship product, the QRadar Security Intelligence Platform, integrates previously disparate functions - including SIEM, 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 security intelligence solution available. QRadar 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 global customer base includes managed service providers, 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.