Jack Sweeney Appointed CEO of Network Intelligence; Matt Stevens Named Executive Vice President...

WESTWOOD, Mass. -- Network Intelligence(TM) Corp., the leader in appliance-based security event management (SEM), today announced the appointment of Jack Sweeney as Chief Executive Officer. This appointment will well-position Network Intelligence for its next evolution, aligning its organizational

Mr. Sweeney is an accomplished technology industry executive who brings more than 20 years of experience managing capital investments and operations in the IT security market. He most recently served as CEO at Stargus, a network and service analysis company that develops solutions for broadband cable networks. Mr. Sweeney led Stargus as CEO before managing a successful acquisition by C-Cor.

Prior to Stargus, Mr. Sweeney was a general partner with Prism Venture Partners where he made significant investments in the data protection and data monitoring markets in early stage companies such as GeoTrust, Ingrian Networks, and Silverback. Before Prism, Mr. Sweeney was the CEO of EPiCON, where he guided the company's strategic business development and its $450 million acquisition by Nortel Networks. Mr. Sweeney has also served as the CEO of Bell Atlantic Network Integration (BANI), growing the business from a regional networking services group into a $330 million organization worldwide.

"Jack's vast leadership experience in the technology industry, and his deep expertise in venture finance, means he understands the attributes that make growing companies succeed in emerging markets," said Michael Shanahan, board member, Network Intelligence, and managing partner, Egan Managed Capital. "Jack's goals and vision - expanding the customer base, delivering the most innovative technology and developing our human talent - align perfectly with the board's vision. I'm extremely pleased that he sees the same opportunity the board invested in."

In another senior executive alignment, Matt Stevens was named Chief Technology Officer to further advance Network Intelligence's technology leadership within the SEM market. Matt is responsible for driving Network Intelligence's product innovation over the past six years - this appointment enables Matt to focus his technology expertise on developing new security solutions that meet the quickly changing needs of companies worldwide.

About Network Intelligence Corporation

Network Intelligence is the leader in appliance-based security event management (SEM). Its core product line, the Network Intelligence Engine(TM) delivers scalable and cost-effective security solutions for more than 400 world-wide small business, mid-market and enterprise customers. With Network Intelligence's solutions, businesses are able to capture, analyze and manage raw security related data, transforming it into actionable business intelligence. For more information about Network Intelligence, please visit the Company's web site at www.network-intelligence.com, or phone 781-375-9300.