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Network security management company Q1 Labs Inc. said it saw 70 percent revenue growth during the first half of the year and expects to hire a total of 75 employees in 2010.
The privately-held, Waltham-based company, which didn’t release its revenue figures, currently has a head count of 168. Fifteen of the new hires will be technical and engineering jobs in the United Kingdom. The company did not say how many of the new jobs are in the Massachusetts.
Q1 Labs said it acquired nearly 300 new customers in the first half of the year, growing to more than 1,250 customers worldwide.
The company also reported that its profitability in fiscal year 2009 has continued through the first half of 2010. Q1 Labs makes network security software, including QRadar, its flagship product.
The company has reported receiving $29 million in venture investment since its inception in 2001. Investors include Waltham’s Polaris Venture Partners, Boston’s Globespan Capital Partners and the New Brunswick Investment Management Corp.
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