Q1 Labs Continues Worldwide Growth with Expansion into Europe, Middle East and Africa

Business Wire, May 28, 2008

Cisco and Juniper Veteran Appointed to Drive European Expansion and Support OEM Relationships

WALTHAM, Mass. -- On the heels of announcing its expansion into Asia-Pacific, Q1 Labs, a leading network security management company, today announced the continued growth of its global footprint with aggressive plans for EMEA expansion. To accelerate the adoption of Q1 Labs' flagship product, QRadar, into the EMEA territory and assist with the success of its worldwide OEM partners, Q1 Labs appointed seasoned sales and data network security veteran, Matthew Nunney to EMEA Theater Director.

The European market in many ways mirrors the US in terms of the market drivers for security information and event management (SIEM) solutions like Q1 Labs' QRadar. QRadar helps customers meet their log management, threat management and compliance validation requirements across network and security infrastructures.

According to Gartner's March 2008 Dataquest Insight: Forecast Analysis for Security Information and Event Management, Worldwide, 2007-2012 "SIEM is one of the fastest-growing security markets, with a growth rate of more than 50% in 2006 and estimated revenue reaching more than $800 million in 2007. Overall spending on this technology will continue to increase as a broader set of companies applies the technology to address regulatory compliance and threat management issues."

Q1 Labs continues to outstrip market growth rates and this expansion is a direct response to increased customer demand in Europe and the need to support the company's worldwide OEM partnerships with Enterasys, Juniper Networks, and Nortel. Nunney will be responsible for managing the London-based office which will also serve Q1 Labs' existing customer base and regional partner network. Q1 Labs has existing customers in Germany, Sweden, Latvia, Turkey, Spain, Italy, Poland and the UK as well as 15 authorized reseller partners spread throughout EMEA.

"The expansion of our executive sales management team in Europe aligns with the company's overall global sales strategy," said Jon Fraleigh, vice president of worldwide sales, Q1 Labs. "Our European-based business grew by 200% in 2007 and we are on track to surpass that growth rate in 2008. The addition of Matthew Nunney to our sales team is a natural progression and his contacts in the industry are invaluable to our continued growth and success in this market."

About Matthew Nunney

Nunney joins Q1 Labs as director of sales for EMEA and brings more than 20 years experience in the data networking world. In his new role, Nunney will leverage his substantial sales and business expertise to drive sales of QRadar into the EMEA territory, and help the company's OEM partners continue their success. Nunney will have overall responsibility for sales, channel and OEM relationships in Europe and will report directly to Jon Fraleigh, vice president of worldwide sales.

Prior to Q1 Labs, Nunney was with Juniper Networks and Peribit Networks where he was responsible for WAN and data center acceleration technologies. Nunney also directed channel operations at Cisco Systems and was responsible for strategic relationships with IBM and HP. He started his career at Foundry Networks in Europe and served as the European managing director. Nunney holds a Bachelor of Engineering Degree with honors, Loughborough University, UK.

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.