Prism Microsystems continues record revenue into 4th Quarter

Deeper, broader functionality, growing traction as a mid-market leader and award recognition reinforce EventTracker’s advanced SIEM offering

Columbia, MD –Prism Microsystems, developers of EventTracker – the most comprehensive Security Information and Event Log Management (SIEM) solution in the industry, announced record revenue for Q4 2008 with double digit growth and the addition of over 30 new customers. Significant product enhancements resulting in broader IT applicability, award recognition and growing traction as a mid-market leader contributed to Prism’s success over the past year.

“EventTracker is uniquely positioned to provide exceptional value to companies in today’s climate of shrinking IT budgets and the need to do more with less. With one of the most comprehensive feature-sets in the industry, EventTracker allows customers to lower IT costs and reap corollary benefits beyond the traditional security and compliance drivers – including IT troubleshooting and optimization, user profiling, activity monitoring, business intelligence and other use-cases,” said Steve Lafferty, VP of Marketing at Prism Microsystems.

Customer momentum

In 2008, Prism Microsystems saw significant demand for EventTracker adding over 100 new customers in the government, healthcare, retail, finance and education industries. New customers included Talbots, Choicepoint, Deloitte, Thompson Reuters, Army, Airforce and Navy bases across North America, a global retail giant, several large hospitals, regional banks and credit unions.

As cost became an important purchase driver, EventTracker won several competitive bake-offs based on its ability, as a software solution, to reside on existing hardware or virtual infrastructures. This also translated into flexibility in providing role-based access to multiple users without customers having to invest in additional boxes as with appliance vendors.

SIEM innovation

Keeping with its commitment of delivering the best-value SIEM solution in the market, Prism unveiled significant enhancements to EventTracker including:

Advanced USB monitoring – Monitor not just USB inserts/removals but also track files written to/deleted from USB devices

Remedial Action – Launch automated remedial action on any remote system to stop a breach in progress

Log Search – Google-like search interface for fast and easy searching across terabytes of data to accelerate troubleshooting

Recognition

Third-party accolades for Prism Microsystems continued in 2008. In May, Prism was featured by Gartner in its ‘Magic Quadrant for Security Information and Event Management, 1Q08’ report. EventTracker’s primary strength was identified as: “A software solution optimized for midsize businesses that require log management, SEM, compliance reporting and operations monitoring in a single product.”

Information Week magazine published a review of EventTracker stating, “Collect it. Mine it. Report on it. Those are the key functions of log data analysis, and Prism Microsystems eases them all …We tested EventTracker in our Syracuse University labs and came away impressed.” In October, EventTracker received the Network Products Guide Reader Trust Award for best in Event Management and Computer Forensics, and as recently as December, the solution was named a finalist in the SC Magazine Reader Trust Award program.

About Prism Microsystems

Prism Microsystems, Inc. delivers business-critical solutions to consolidate, correlate and detect changes that impact the performance, availability and security of IT infrastructures. EventTracker, Prism’s market leading Security Information and Event Management (SIEM) solution combines real-time Log Management with Change Management to defend critical IT assets from emerging and traditional cyber attacks and ensure compliance with regulatory standards. Recently featured by Gartner on its ‘Magic Quadrant for Security Information and Event Management, 1Q08’ report, Prism’s solutions are designed specifically for the needs of midsize enterprises and are easy to use, feature rich and highly scalable. With over 750 customers in 50 plus countries, EventTracker is deployed in multiple sectors including government, financial, retail and healthcare.

Visit www.eventtracker.com for more information. Follow us on Twitter @logtalk.