Q1 Labs has announced that 2009 has been an exceptional year, after having doubled it’s customer base. During 2009, the company acquired 193 new customers in the fourth quarter of the year alone. The total customer count for the whole year was 971 customers. Furthermore, Q1 Labs enjoyed significant growth around the globe, as it acquired more than 200 new customers outside of North America.
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The company’s five year average revenue growth was reported to be in excess of 70%. The growth enabled the company to increase it’s headcount by 50% while increasing profitability in 2009 over 2008. The company was also able to extend it’s footprint by certifying the best VARS and integrators on the market, in addition to growing its OEM business by more than 100%.
Q1 Labs protects networks all year round. The company's flagship QRadar product provides IT administrators with a centralized view of network behavior analysis data. QRadar accepts data from a wide array of network security tools, including products from vendors such as Cisco Systems, McAfee, Symantec, and Trend Micro. Q1 sells through resellers and network equipment partners including Enterasys Networks and Juniper Networks. The company's financial backers include BDC Venture Capital, Globespan Capital Partners, Menlo Ventures, and Polaris Venture Partners.
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