Websense Continues International Growth, Bolsters European Office
LONDON, UK, Feb. 14, 2001 - Continuing to lead the employee
Internet management (EIM) software category in Europe, Websense Inc.
(NASDAQ: WBSN) recently added several members of the FTSE 100 to its
global customer portfolio.
Leading UK listed companies that selected Websense Enterprise software
in Q4 2000 include Barclays, Bass, British Telecom, Cadburys Schweppes,
Capita Group, Colt Telecom, Diageo, HSBC, Old Mutual, Royal Bank of
Scotland and Sainsbury. With the new additions, Websense now serves more
than 30 of the FTSE 100.
Websense software helps companies monitor, report and manage how their
employees use the Internet. Websense Enterprise - the company's core
product - is designed to increase worker productivity, save bandwidth
and reduce potential legal liability. Currently, more than 12,000
organisations use Websense, including more than 239 of the Fortune 500
and 40 of the Nikkei 225, encompassing more than 7.5 million employees
"It's not just the FTSE 100 - companies of all sizes choose Websense
over our smaller-suited competitors because they want reliable products
that tightly integrate with their existing network infrastructures, such
as firewalls or caching boxes. In addition, they want software
providers with long-term outlooks that promise to be around to deliver
the service," said Geoff Haggart, Websense vice president of EMEA. "For
these reasons, Websense continues to succeed in competitive situations,
whether the companies are based in Europe or elsewhere."
Increasing its European expansion, Websense recently formally
established Websense International Ltd., based in the UK. This new
office, which includes UK-, France- and Germany- based management,
marketing, sales and technical staff, will serve as the main
headquarters for European operations. This expansion includes added
benefits for Websense European customers that will now be served via UK-
based servers downloading Websense's Master Database.
The European customer additions and company expansion come fresh on the
heels of Websense's strong Q4 2000 results, in which the company
achieved more than $30 million in billings in 2000 and more than $3
million in positive cash-flow for the quarter. Websense showed 22
percent revenue growth in Q4 2000 from Q3 2000, and anticipates a net
profit on a pro forma basis by Q3 2001. Websense continues to drive
strong international revenue, with 33 percent of Q4 2000 revenue derived
from outside of North America.
"We showed significant growth during our first year as a public
company," said Haggart. "European growth will continue to be a focus for
Websense, as we move down the path toward profitability."
About Websense Inc.
Websense Inc. (NASDAQ: WBSN) is the worldwide leader of employee
Internet management (EIM) solutions. Websense Enterprise software
enables businesses to monitor, report and manage how their employees use
the Internet. This supports an organisation's efforts to improve
employee productivity, conserve network bandwidth and mitigate legal
liability. Founded in 1994, the company serves more than 12,000
customers, ranging in size from 100 person firms to global-sized
corporations. Websense customers include 239 of the Fortune 500
and more than 40 of the Nikkei 225, encompassing 7.5 million employees
Websense is listed on the year 2000 Software 500 ranking and has been
honoured by the Deloitte & Touche "Technology Fast 50" program. The
company also has strategic technology relationships with CacheFlow
(NASDAQ: CFLO), Check Point (NASDAQ: CHKP), Cisco (NASDAQ: CSCO) and
Microsoft (NASDAQ: MSFT). For more information, visit http://www.websense.com
Except for the historical information contained herein, this press
release contains forward-looking statements, including statements
containing the words "planned," "expects," "believes," "strategy,"
"opportunity," "anticipates" and similar words. Such forward-looking
statements are subject to known and unknown risks, uncertainties or
other factors that may cause the Company's actual results to be
materially different from historical results or any results expressed or
implied by such forward-looking statements. We assume no obligation to
update any forward-looking statements to reflect events or circumstances
arising after the date hereof. The potential risks and uncertainties
which could cause actual growth and results to differ materially include
but are not limited to, the volatile and competitive nature of the
Internet industry, changes in domestic and international market
conditions, foreign exchange rates, the success of the Company's brand
development systems efforts, and customer acceptance of the Company's
services, products and fee structures. Further information on the
factors and risks that could affect Websense's business, financial
condition and results of operations are included under the "Risk
Factors" sections of Websense's public filings with the Securities and
Exchange Commission, available at http://www.sec.gov
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