eEye Closed First Quarter With Record Revenue
eEye Digital Security, a provider of IT security and unified vulnerability management solutions, today announced that the Company closed the first quarter of 2011 with record revenue, continued positive cash flow, and its highest liquidity levels in five years.
Continuing its strategy to invest in Research and Development, eEye has focused new and existing resources on making its Retina solution suite the industry leader in vulnerability management. Notably, the Company has grown its workforce by 110 percent since the beginning of 2010.
Retina is the only solution that integrates assessment, mitigation, protection, and reporting into a complete offering, enabling IT security professionals to centrally manage organization-wide IT security from a single, web-based console. In the fourth quarter of 2010, the Company introduced a major new version of its Retina CS management console and optional add-on modules for configuration compliance, regulatory reporting, and patch management.
Retina CS has been recognized by the industry for its product leadership in vulnerability management. Most recently, Retina CS received a 5-star rating from SCMagazine. The review highlighted “robust scanning, auditing and reporting capabilities” among the product’s strengths and awarded perfect scores in Product Rating categories: Features, Ease of Use, Performance, and Support. According to the SC Magazine product review, “A mainstay in the vulnerability tool market, eEye has done an excellent job with this one. Fully loaded, it may be all one needs for vulnerability management.”
eEye significantly deepened its thought-leadership position in the vulnerability and compliance management market with the launch of its free vulnerability scanner, Retina Community. Since April 1, 2011, more than 5000 IT security professionals have downloaded the tool. The Company continues to focus on serving the IT security community with other free resources, such as a recently released IT security research report, In Configuration We Trust, which outlines simple configuration changes that can dramatically improve an organization’s security posture. eEye’s Zero Day Tracker provides an online catalogue of the newest zero-day vulnerabilities, instructions for quick remediation, and a historical record of past vulnerabilities. eEye’s Vulnerability Expert Forum (VEF) webinars, hosted monthly by CTO Marc Maiffret and the eEye Research Team, continue to attract hundreds of IT security professionals seeking insight and information on recently announced critical vulnerabilities from Microsoft and other software vendors.
“We’re firing on all cylinders, from research and development to sales and marketing,” said Kevin Hickey, eEye CEO. “Our steady focus on company growth and technology leadership has enabled us to close the first quarter of 2011 with strong successes and record revenue.”
About eEye Digital Security
Since 1998, eEye Digital Security has made vulnerability and compliance management simpler and more efficient by providing the only unified solution that integrates assessment, mitigation, protection, and reporting into a complete offering with optional add-on modules for configuration compliance, regulatory reporting, and integrated patch management. eEye’s world-renowned research and development team is consistently the first to uncover critical vulnerabilities, prevent their exploit, and build new protections into our solutions. Thousands of mid-to-large-size private-sector and government organizations, including the two largest vulnerability management installations in the world, rely on eEye to protect against the latest known and zero-day vulnerabilities. More at www.eeye.com.