netForensics Sees Double-Digit Growth in MSSP Revenues

EDISON, N.J., Nov. 1, 2010 /PRNewswire/ -- netForensics, Inc., a global leader in the Security Information and Event Management market, today announced that the company exceeded expectations with MSSP revenues up 50%, resulting in another profitable quarter.  Driven by key strategic relationships and product enhancements netForensics continues their commitment in delivering unparalleled security visibility and maintaining compliant operations for the world's largest Managed Security Providers (MSPs) and Cloud Security Services.  

"There is a fundamental shift occurring in today's security market," said netForensics' CEO Dale Cline.  "As customers continue to struggle with securing their corporate infrastructure and customer's data, typically in a declining budget cycle, turning to the cloud for delivering the security power they require is accelerating.  netForensics is the premier enabler of Cloud Security and our third quarter FY 2010 results continues to validate those initiatives."

In addition to strong growth in the MSSP market, netForensics' third quarter executed an impressive array of product, customer and company accomplishments including the following:

• Endace and FairWarning Technology Partnerships - Introduced key partnerships and over 15 new collectors demonstrating continued commitment to providing customer's integration and support with an extensive array of security and networking technologies.  Read more>
• Inclusion in the Cisco Developer Network - Successfully completed interoperability testing which ensures netForensics nFX Cinxi One software easily interoperates with Cisco security products.  Read more>
• SC Magazine Roundup Award - Received five stars in SC Magazine, in the security information management (SIEM) group, validating nFX Cinxi One's ability to provide true end-to-end security event management, from log collection and storage, to real-time monitoring and incident identification.  Read more>
• Federal User Group Event- Kicked off the third quarter meeting with the federal community, providing agencies with the necessary capabilities to gain complete visibility into their security and FISMA compliance posture.

About netForensics

netForensics security information and event management solutions enable organizations of all sizes to rapidly identify and respond to threats and adhere to ever-changing compliance regulations. Our software and appliance products collect and centralize volumes of event log data to deliver accurate, actionable, real-time security intelligence. netForensics offers its award-winning nFX Cinxi One, recognized for its ease of deployment and management, and the industry's only solution that combines security information management (SIM) and log management on one appliance. For over a decade, our nFX SIM One software solution has helped enterprises, managed service providers, and government agencies around the world to manage risk, protect their assets, and maintain compliant operations.

For more information, visit www.netforensics.com/, read the blog or follow us on Twitter.

SOURCE netForensics, Inc.