Riptech Listed as a Leader in Managed Security Services Industry by Analyst Firm; Magic Quadrant Listing Reflects Riptech's Completeness of Vision and Ability to Execute

Business Wire, Feb 15, 2002

Business Editor

ALEXANDRIA, Va.--(BUSINESS WIRE)--Feb. 14, 2002

Riptech, Inc., the premier provider of scalable, real-time managed security services, today announced that Gartner analysts listed Riptech in the upper-right "leader" portion of the Managed Security Service Provider (MSSP) Magic Quadrant(1). Riptech's position in the desirable upper-right section demonstrates Riptech's completeness of vision and ability to execute upon that vision. Of the two companies named "Leaders," Riptech is the only pure-play MSSP.

According to the report, "Leading MSSPs are driving the market by offering full suites of services, strong back-end management tools, good service reputations and strong channels." The report also notes, "The managed security service market has gone through its first wave of consolidation, with more to come. The long-term winners in our Magic Quadrant will balance service, business models, technology and security."

Companies including OneSecure, Predictive Systems, and Para-Protect further validate confidence in Riptech's strategy. These organizations have chosen to exit the MSSP space to focus on core competencies. Following competitive analysis, each organization has elected to migrate its MSSP customers to Riptech through Riptech's service transition program. Riptech is the author of the Internet Security Threat Report, the only industry-leading resource to base analysis on empirical data collected from real attacks against over 300 companies in more than 25 countries.

"We are pleased Gartner has listed Riptech as a leader," said Amit Yoran, president and CEO at Riptech. "Corporations around the world are recognizing that the managed security model offers superior levels of quality and significant economies of scale. Riptech's market-leading Caltarian technology delivers real-time information protection through around the clock monitoring, analysis, and response. In the previous six months alone, Caltarian has identified and analyzed more than 5.5 billion log entries."

About Riptech

Riptech, Inc., the premier provider of scalable, real-time managed security services, protects clients through advanced outsourced security monitoring and professional services. Riptech's unique Caltarian technology platform provides real-time information protection through around-the-clock monitoring, analysis, and response. The Caltarian technology is capable of processing large volumes of network security data to separate security threats from false positives in real-time, with carrier-class scalability. Additionally, Riptech's Security Professional Services group provides security policy development, assessment and auditing, penetration testing, incident forensics, and response. Riptech security specialists have secured hundreds of organizations including Fortune 500 companies and federal agencies. Based on its analysis of attacks against a customer base of more than 300 companies in over 25 countries, Riptech regularly publishes the Internet Security Threat Report, which can be found at www.riptech.com. Founded in 1998 by former Department of Defense security professionals and market experts, Riptech is headquartered in Alexandria, Virginia with offices in San Jose, California, and New York City.

Riptech, the Riptech logo, Caltarian, and Real-Time Information Protection are trademarks or service marks of Riptech, Inc. Other products mentioned herein may be trademarks and/or registered trademarks of their respective owners.

(1) The Magic Quadrant is copyrighted February 2002 by Gartner, Inc. and is reused with permission. Gartner's permission to print or reference its Magic Quadrant should not be deemed to be an endorsement of any company or product depicted in the quadrant. The Magic Quadrant is Gartner's opinion and is an analytical representation of a marketplace at and for a specific time period. It measures vendors against Gartner-defined criteria for a marketplace. The positioning of vendors within a Magic Quadrant is based on the complex interplay of many factors. Gartner does not advise enterprises to select only those firms in the Leaders segment. In some situations, firms in the Visionary, Challenger, or Niche Player segments may be the right match for an enterprise's requirements. Well-informed vendor selection decisions should rely on more than a Magic Quadrant. Gartner research is intended to be one of many information sources and the reader should not rely solely on the Magic Quadrant for decision-making. Gartner expressly disclaims all warranties, express or implied of fitness of this research for a particular purpose.