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May 31, 2007
Increasing adoption of log management solutions resulted in 100% year on year quarterly revenue growth for Prism Microsystems and the addition of 60 new customers in the 1st quarter taking the customer base to over 600 companies across multiple sectors.
Columbia, MD – Growing adoption of log management solutions as critical for enabling IT compliance and enhancing overall security fuelled significant growth for Prism Microsystems in the 1st quarter of 2007. Dramatically exceeding business goals, the company added 60 new customers for its log management software – EventTracker – taking the customer base to well over 600 companies across multiple sectors. The 1st quarter also witnessed 100% year on year quarterly revenue growth with company records set for software license revenue, affirming Prism Microsystems position as the leading provider of in-depth logging solutions.
“Our success in building our considerable customer base is driven by our commitment to staying focused on customer requirements while delivering ‘ahead of the curve’ scalable solutions that exceed expectations” says Steve Lafferty, VP Marketing, Prism Microsystems Inc. “EventTracker’s features go well beyond the basic compliance requirements of organizations to provide advanced forensic analysis and complete system health monitoring” he adds.
Event log data contain a wealth of information about a company’s IT operations. Without an automated solution in place, however, making effective use of this data is a difficult process that consumes considerable resources. Faced with terabytes of disparate data being generated by hundreds of enterprise-wide sources, organizations of all sizes are now moving towards automating their log management processes to lower the administrative burdens typically associated with collecting and analyzing logs.
“Our triple-figure growth rate and a rapidly increasing customer base underscore the accelerating demand for log management solutions within the market” says Lafferty. “As a pioneer of innovative and robust event log management solutions, we are going to continue to raise the bar on our competition and deliver superior products and services to our customers.”
Spurred by compliance mandates and the growing number of data thefts, companies are finally waking up to the importance of managing and analyzing logs for gaining complete security, compliance and network visibility. Log management solutions such as EventTracker not only help IT personnel keep abreast of system issues but also provide significant value to business-level executives by aligning IT policies with internal/external controls and automatically identifying security violations for risk mitigation and faster, more informed decision making.
About Prism Microsystems
Prism Microsystems, Inc. was formed in 1999. It is headquartered in the Baltimore-Washington high tech corridor with its primary Research and Development facility in Bangalore, India. Privately funded and profitable since 2002, the company delivers business-critical solutions to consolidate, correlate and detect changes that could impact the performance, availability and security of a company’s IT infrastructure.
EventTracker, Prism’s enterprise event management solution, is designed to enhance the security of critical systems, maintain confident compliance, and improve overall performance and availability. EventTracker is engineered for ease of use and flexibility and has over 600 customers in 50 countries across multiple sectors.
Visit www.eventtracker.com for more information. Follow us on Twitter @logtalk.