Q1 Labs Positioned in the Visionaries Quadrant of Gartner, Inc.'s Security Information and Event Management Magic Quadrant

Business Wire,  May 14, 2008  

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Evaluation Based on Q1 Labs Completeness of Vision and Ability to Execute

WALTHAM, Mass. -- Q1 Labs, a leading network security management company, today announced it has been positioned by Gartner, Inc. in the visionaries quadrant in the May 2008 Security Information and Event Management (SIEM) Magic Quadrant' report.

According to the report, the SIEM market is being driven by three factors: the emergence of user and resource access monitoring as the primary customer problem to be solved, the demand for the technology from a broad set of customers, and the availability of the technology from large vendors that also sell related products or services. SIEM is one of the fastest-growing security markets, with a growth rate of more than 50% in 2006, 30% in 2007 and estimated revenue reaching more than $800 million in 2007.

2007 was a watershed year for Q1 Labs as the company achieved significant growth milestones including more than 100% revenue growth and 100% customer growth year over year. The first quarter of 2008 continued that trend of growth and execution with the signing of worldwide OEM agreements with Juniper Networks and Nortel Networks as well as expansion into Japan and EMEA.

"I am proud of our position in the visionaries quadrant," said Shaun McConnon, Chief Executive Officer of Q1 Labs. "I am even more pleased that our own growth is far outstripping the market and that our visionary technology has been adopted by the worldwide sales forces of Juniper Networks, Enterasys Networks and Nortel Networks. This will further drive our execution in this market in 2008."

About the Magic Quadrant

The Magic Quadrant is copyrighted 2008 by Gartner, Inc. and is reused with permission. The Magic Quadrant is a graphical representation of a marketplace at and for a specific time period. It depicts Gartner's analysis of how certain vendors measure against criteria for that marketplace, as defined by Gartner. Gartner does not endorse any vendor, product or service depicted in the Magic Quadrant, and does not advise technology users to select only those vendors placed in the "Leaders" quadrant. The Magic Quadrant is intended solely as a research tool, and is not meant to be a specific guide to action. Gartner disclaims all warranties, express or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose.

1Magic Quadrant for Security Information and Event Management, 1Q08, Mark Nicolett, Kelly Kavanagh, May 2008

About QRadar

Q1 Labs, QRadar goes beyond traditional security information/event management (SIEM) products or network behavior analysis (NBA) products to create a command-and-control center that can monitor, analyze and remediate threats. QRadar combines, analyzes and manages an unequalled set of surveillance data -- network behavior, security events, vulnerability profiles and threat information -- to empower enterprises to manage business operations on their networks efficiently from a single console. More information about QRadar is available at: http://www.q1labs.com/products/.

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) 2008 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.

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