RESTON, VA--(Marketwire - February 4, 2009) - AlgoSec, the leading provider of Firewall Operations and Security Risk Management Solutions, today announced over 400% growth in the number of Managed Service Providers (MSPs) offering AlgoSec Firewall Analyzer (AFA) solutions to their clients thanks to the new Software as a Service (SaaS) model. With AFA, MSPs are generating new revenue by enhancing Service Level Agreements (SLAs) and improving operational efficiency by offering AlgoSec's technology as a SaaS.

Fueled by the current down market where companies are looking to improve operational efficiency while cutting costs, the AFA delivered as a SaaS is seeing significant growth, particularly among MSPs which pay as they go, ensuring maximum revenue with zero risk.

AFA makes it possible for businesses or their security providers to easily and effectively manage multi-firewall, multi-vendor security environments and gain essential visibility to make informed decisions regarding network traffic. AFA's intelligent algorithms and unique ability to map the network topology provides unprecedented insight, streamlines firewall change and risk management, and provides IT governance where it did not exist.

"In addition to the traditional methods of delivery, MSPs now easily and seamlessly offer their clients the benefit of a comprehensive and intelligent firewall management solution via the SaaS model. The SaaS model's value has become wholly evident in today's market where CAPEX budgets are under pressure, and everybody is looking for flexibility," said Yuval Baron, CEO and Co-Founder of AlgoSec. "Delivering the AlgoSec solutions via SaaS eliminates any financial risk for our partner MSPs because they only pay when they have actual revenues from provisioning AlgoSec's technology to customers. It is a win-win for everyone: customers, partners and AlgoSec."

The SaaS model has seen significant growth among MSPs serving all markets, particularly within the network security arena and AlgoSec's MSP partners are no exception. Aside from the proven benefits the SaaS model affords to end-user customers -- better manageability, scalability, and value for resource-conscious organizations -- MSPs delivering the AFA as a cloud-based service are reaping new benefits as well, including:

--  Increased flexibility in the services they offer and greater speed in
    provisioning those services.
--  New revenue streams by allowing MSPs to absorb new clients faster and
    rapidly provide new services to existing customers.
--  Ability to serve multiple customers from a single platform by
    providing access control per customer and through unique algorithms that
    support parallelization.
--  Web-based access and email alerts to key stakeholders at their client
    organizations, providing tailored visibility on-demand.
    

"AlgoSec's SaaS offering was built specifically with our needs in mind. AlgoSec Firewall Analyzer provides us with the cost-effective control and oversight we need when managing a number of different firewalls, all with different risk profiles and demands. The AFA also provides our customers with the same information, at no risk to our MSP practice, which is critical to us," said Joakim von Brandis, manager for Network Security Services, Mnemonic Norway.

AFA is available in multiple form factors either as software, VMware or as an appliance, depending on the specific needs of individual enterprise networks. It is offered in a variety of delivery methods depending on the requirement of individual enterprise networks including directly to the end-user, via consultants and auditors and is increasingly being adopted by MSPs provisioning it as a SaaS.

About AlgoSec

AlgoSec is the leading provider of Firewall Operations and Security Risk Management solutions. AlgoSec's® exclusive technology is optimized for enterprises, MSPs, auditors and consultants to quantifiably increase their operational effectiveness. More than 300 leading organizations have selected AlgoSec's products -- AlgoSec Firewall Analyzer and FireFlow™ -- to intelligently automate what were traditionally manual, time- and labor-intensive tasks surrounding firewall, router and VPN management. This translates to significant cost savings and greater output for organizations without increasing headcount. AlgoSec also allows IT organizations to get more from their current infrastructures by extending the lifespan of existing security devices.

Contact Information: Media Contact: Matt Otepka 206-855-7826