Zopa Picks Alert Logic to Protect Consumer and Partner Data

Social Finance Company to Enhance Overall IT Security with Software-as-a-Service Solution

HOUSTON, TX - AUGUST 25, 2008 - Alert Logic, an award-winning provider of on-demand IT compliance and security solutions, today announced that Zopa, Inc., a social finance company, has selected Alert Logic Threat Manager� to protect its IT network from worms, Trojans, botnets and other harmful attacks that can evade perimeter and endpoint defenses.

Zopa is the world's first social finance company and the only lender that empowers borrowers to control the interest rate on their loan. With Zopa, everyone gets a better interest rate, the opportunity to connect with other people, and the satisfaction that comes from helping each other in a way that is safe, risk-free, and fully compliant.

Research by Gartner predicts that social banking platforms will grow to a 10 percent share of the worldwide market for retail lending and financial planning by 2010.*

Alert Logic Threat Manager will help Zopa detect network threats, proactively eliminate vulnerabilities and comply with policies and regulations. The intrusion detection and vulnerability management solution will improve Zopa's overall security posture and provide additional protection for its consumer and partner data.

As a partner to several credit unions, Zopa is required to protect the credit unions, their members, and the confidentiality of records. Zopa will be participating in a Statement of Auditing Standards No. 70 (SAS 70) Type II audit to demonstrate to its credit union partners that it has adequate safeguards in place for hosting and processing customer data. Alert Logic's online, real-time reporting capabilities will allow Zopa to provide evidence of its controls in intrusion detection and vulnerability management.

"As a financial services company, we must demonstrate to our customers and partners that our network is secure," said Rajesh Jayaraman, chief technology officer of Zopa. "We can make no compromises on security and Alert Logic's technology helps us meet our customers' expectations."

Zopa also picked Alert Logic Threat Manager because its Software-as-a-Service (SaaS) delivery model makes it possible to easily implement, manage and scale the solution without expending the resources that would be necessary to deploy a non-SaaS-based solution. By leveraging Alert Logic's SaaS platform, Zopa is no longer tasked with deploying and maintaining an intrusion detection and vulnerability management infrastructure.

"Protecting consumer and partner data is a 24x7 job, and Alert Logic's solution will enable Zopa to provide a secure network to safeguard its customers' assets," said Michael Turner, Alert Logic president and CEO. "With our award-winning security solution and SaaS platform, Zopa will be able to enhance its overall security posture and comply with industry and government regulations."

*Gartner Press Release, "Gartner Says Social Banking Platforms Threaten Traditional Banks for Control of Financial Relationships," February 6, 2008.

About Alert Logic

Alert Logic is a leading provider of on-demand IT compliance and security solutions. By enabling its customers to detect threats, eliminate vulnerabilities, and manage log data, Alert Logic provides the easiest way to secure networks and comply with policies and regulations. Alert Logic's on-demand platform utilizes Software-as-a-Service to deliver the benefits of rapid deployment, zero maintenance, and no upfront capital costs. As a result, Alert Logic customers benefit from easy and affordable compliance and security. Based in Houston, Texas and founded in 2002, more information about Alert Logic can be found at http://www.alertlogic.com.

Alert Logic Contact:

Patrick Kimball
phone: 713.351.1756
email: pkimball@alertlogic.com


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