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Press ReleaseAlert Logic Announces Doubling of Both Revenues and Customer Base in First Half of 2006SMBs quickly moving away from ineffective, high-priced IT security systems to Alert Logic's on-demand service HOUSTON - JULY 18, 2006 - Alert Logic, the only on-demand IT network security company dedicated to small and mid-sized businesses, today announced financial and customer growth numbers for the first half of 2006. From January through June of 2006, Alert Logic has doubled revenues and has grown its customer base from 60 to 110 SMB customers across the United States and is well ahead of all projected product, revenue and corporate goals for 2006. Beyond the dramatic increase in revenues and customers, Alert Logic has also introduced two new product updates, doubled the number of employees in their Houston headquarters, added 20 new sales and corporate partners across the US and installed a new management team and sales channel. The company, as the only IT security vendor focused on the SMB space, expects to see continued growth across all aspects of the business through the rest of 2006. Alert Logic has been able to grow quickly by offering a unique delivery model that combines 24x7 surveillance by human security experts, hosted "software-as-a-service", and on-premise appliances, all integrated into a seamless on-demand solution that deploys in days instead of weeks or months. Facing a growing increase in IT threats and compliance issues, coupled with overpricing and unusable security technology sold to them by large monolithic security vendors, SMBs have quickly turned to Alert Logic to help them meet their IT security needs and break the strangle hold that larger vendors have had over this market. Alert Logic's customer growth includes a wide range of SMBs nationwide, with particular growth in both the oil & gas/energy and local/state government markets. "Alert Logic is well past the goals we set for ourselves at the end of 2005, and expect nothing but a continuing of this growth," said Steve Kahan, CEO and President of Alert Logic. "Alert Logic sees no end to the fleecing that larger security vendors are giving to SMBs. Those same large vendors are also moving to the on-demand security delivery model that we are now in our third generation of and have a proven track record with. There is a definite need for our service right now and we expect to be on top of this trend in the future." About Alert LogicAlert Logic improves internal network security at a fraction of the cost of conventional network security products. Its unique on-demand delivery model combines appliance-based threat management technology with dedicated security experts who monitor networks for threats 24x7 - delivering better security for minimal effort and cost. As a result, Alert Logic customers can detect threats, protect assets, and correct exposures before they impact their businesses. Headquartered in Houston, Texas, more information about Alert Logic's Network Protection On Demand is available at http://www.alertlogic.com. Contact:
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