Q1 Labs Appoints Brendan Hannigan President and COO

Business Wire, Dec 20, 2007

Hannigan Promoted To Help Drive Corporate Growth, Expand Channel and OEM Initiatives and Direct Strategic Product Development

WALTHAM, Mass. -- Q1 Labs, a leading network security management company, today announced the appointment of Brendan Hannigan to president and chief operating officer. For nearly two years Hannigan served as Q1 Labs' chief operating officer responsible for product development and strategy, while leading the company's overall operations. In his new role, Hannigan will continue to focus on strategic planning and resource allocation with a focus on expanding Q1 Labs strategic partnership programs.

"Brendan's promotion is in recognition of his success transforming Q1 Labs into a network security management leader. Brendan has played a critical role in helping shape our product strategy, our go-to-market strategy, and now our business development and OEM strategies," said Shaun McConnon, CEO of Q1 Labs. "Brendan's new responsibilities will help drive our strategic partners and OEM partners to become critical revenue channels for Q1 Labs in 2008."

"2007 has been a year of great growth and opportunity for this company," said Hannigan. "In 2008, Q1 Lab's product and business strategy uniquely positions the company for hyper growth across our direct, VAR and OEM channels. No one else in the industry has the flexibility and scale that we have built into all of our operations."

Hannigan is a technology industry veteran with 20 years of industry experience. Before joining Q1 Labs, he served in a variety of senior marketing and product-development roles at Sockeye Networks, Forrester Research, Wellfleet Communications, Digital Equipment Corp. and Motorola. Hannigan graduated with honors in computer science from University College, Dublin, Ireland.

About Q1 Labs

Commanding a unique position at the nexus of security and networking, Q1 Labs is redefining network security management. Q1 Labs' flagship product, QRadar, integrates previously disparate network and security functions into one solution. This convergence ties the impact of security threats directly to specific business assets and services, reduces acquisition and operation costs, and increases accuracy. Q1 Labs' installed customer base ranges from government agencies and financial institutions to universities and healthcare providers. Please visit http://www.q1labs.com/company/ or call (781) 250-5800 for more information.

(c) 2007 Q1 Labs Inc. Q1 Labs, the Q1 logo, QRadar and the QRadar logo are trademarks or registered trademarks of Q1 Labs Inc. All other trademarks and service marks are the property of their respective owners. All rights reserved.