eEye Digital Security Selected as Red Herring 100 Company

(ALISO VIEJO, CA) May 11, 2005 — eEye® Digital Security, a leading network security software company enabling businesses to protect and manage their network infrastructure, today announced that it has been named one of the Red Herring 100 Private Companies of North America. Red Herring’s editorial staff rigorously evaluated more than 900 private companies through a careful analysis of financial data and subjective criteria, including quality of management, execution of strategy, and dedication to research and development. Red Herring 100 companies will be presenting their business model and strategy at the Red Herring Spring conference. Red Herring Spring will take place May 17-19 at the Monterey Plaza Hotel in Monterey, California.

“Five years after the dot-com bubble burst, innovation and entrepreneurship are thriving. The companies on this list are proof,” said Red Herring editor-in-chief Joel Dreyfuss.

“Network security is a primary concern for enterprises today. From day one, we have focused our talents and resources on delivering world-class security solutions that protect enterprises and ensure business continuity for our customers,” stated Firas Bushnaq, eEye’s chief technology officer and co-founder. “This recognition serves as a tribute to eEye’s people, products, security research and strong customer and partner relationships. The eEye team is honored to have received this accolade from such a venerable institution.”

As a leading developer of vulnerability assessment, prevention and management software solutions, eEye has experienced great success since its inception in 1998, including four years of 100 percent year-over-year growth and large customer wins, as well as tremendous progress in its product and corporate strategy. Thousands of enterprises around the globe have recognized the effectiveness of eEye’s approach to security solutions – eliminating vulnerabilities rather than just thwarting attacks.

eEye has secured the two largest vulnerability management deployments in the world with the U.S. Department of Defense and Citigroup. eEye is recognized as the preeminent organization in the discovery of the most critical vulnerabilities in various platforms and applications. In 2004 alone, eEye’s research team discovered the vulnerabilities subsequently leveraged by the Sasser and Witty worms, two of the biggest worms this year, as well as the Microsoft ASN vulnerability, one of the most severe security vulnerabilities of all time.

eEye recently announced an update to Blink®, a host-based intrusion prevention system. With the addition of anti-spyware technology and protection from “phishing” scams, Blink delivers the most comprehensive layers of protection available, providing businesses with complete security for their borderless networks while ensuring business continuity. For more information, please go to: www.eEye.com/blink.

Red Herring’s lists of private companies are an important part of the magazine’s tradition of identifying new and innovative technology companies and entrepreneurs. Google and eBay were spotted in their early days by Red Herring editors as organizations that would change the way we live and work.About Red Herring Spring
Red Herring Spring is an invitation-only event for CEOs, select senior executives, and Venture Capitalists. Themed “The Dynamics of Disruptions’, Red Herring Spring 2005 will bring together executives from mostly private companies. These executives will be joined by senior executives from public companies and Venture Capitalists. Please contact Sean Raman at +1.650.428.2900 or email sraman@redherring.com if you would like to request an invitation to Red Herring Spring.

About Red Herring
Red Herring is the weekly magazine technology entrepreneurs, investors and industry observers read to stay ahead of the curve and to be better informed about the global marketplace. Red Herring covers technology, innovation, financial strategies, important personalities and trends that are transforming the world of business with unique insight, opinion and forward-looking analysis. Readers turn to Red Herring for knowledge to make strategic decisions, build companies and create a competitive advantage for their businesses. Red Herring articles, blogs, research and event information can be found online at www.redherring.com.

About eEye Digital Security
eEye Digital Security is a leading developer of network security software, and the foremost contributor to security research and education. eEye’s award-winning software products provide a complete vulnerability management solution that addresses the full lifecycle of security threats: before, during and after attacks. eEye’s customers, Citigroup and US Department of Defense, represent the largest deployments of vulnerability assessment and prevention technology in the private and public sector. eEye protects the networks and digital assets of more than 8,400 corporate and government deployments worldwide, including Avon, Continental Airlines, Dow Jones, Prudential, University of Miami, Viacom, Vodafone, Warner Music and Wyeth. Founded in 1998, eEye Digital Security is a privately held, venture-backed firm with headquarters in Orange County, California. For more information, please go to http://www.eEye.com

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