Ranked in Top Ten Based on Five-Year Sales Growth
SAN DIEGO, Feb. 13 /PRNewswire-FirstCall/ -- Websense, Inc. , a global leader in web security and web filtering productivity software, today announced that it has been named to Forbes Magazine's "Top 25 Fastest-Growing Technology Companies" list for the third consecutive year. Of the 25 companies listed, Websense was ranked number nine based on the company's strong growth in sales in 2005, and its consistent sales growth over the last five years. In 2005, Websense revenue increased 33 percent and net income grew 48 percent. Over the five-year time period, revenues increased more than eight-fold, from $17.4 million in 2000 to $148.6 million in 2005.
"We are extremely proud to be among the top 10 organizations named to Forbes Magazine's 2006 list of the 25 fastest-growing technology companies," said Gene Hodges, chief executive officer and president of Websense, Inc. "2005 was an outstanding year for Websense, and our award-winning web filtering and web security software now protect nearly 24 million employee seats worldwide. We intend to build upon this momentum in 2006, as the security market converges to our strengths, and web-based threats continue to drive growth in demand for Websense's layered solutions at the gateway, network, endpoint and mobile device."
According to Forbes Magazine, to make this list, a company must have a minimum of $25 million in sales and have been profitable over the last 12 months. Companies also must have had sales growth of 10% a year (or better) for the last five years and consensus earnings forecasts of at least 10% annualized growth over the next three to five years. Culled are any companies with legal problems or other open-ended liabilities.
This list appears in the February 13, 2006 issue of Forbes Magazine. For more information on the "Top 25 Fastest-Growing Technology Companies" list, visit http://www.forbes.com/free_forbes/2006/0213/068.html
About Websense, Inc.
Websense, Inc. , a global leader in web security and web filtering software, is trusted to protect 24 million employees worldwide. Websense proactively discovers and immediately protects customers against web-based threats such as spyware, phishing attacks, viruses and crimeware with maximum protection and minimal effort. With diverse partnerships and integrations, Websense enhances our customers' network and security environments. For more information, visit http://www.websense.com/.
(C) 2006, Websense, Inc. All rights reserved. Websense and Websense Enterprise are registered trademarks of Websense, Inc. in the United States and certain international markets. Websense has numerous other unregistered trademarks in the United States and internationally. All other trademarks are the property of their respective owners.
This press release contains forward-looking statements that involve risks, uncertainties, assumptions and other factors which, if they do not materialize or prove correct, could cause Websense's results to differ materially from historical results or those expressed or implied by such forward-looking statements. All statements, other than statements of historical fact, are statements that could be deemed forward-looking statements, including statements containing the words "planned," "expects," "believes," "strategy," "opportunity," "anticipates" and similar words. These statements may include, among others, plans, strategies and objectives of management for future operations; any statements regarding proposed new products, services or developments; any statements regarding future economic conditions or financial or operating performance; statements of belief and any statements of assumptions underlying any of the foregoing. The potential risks and uncertainties which contribute to the uncertain nature of these statements include, among others, customer acceptance of the company's services, products and fee structures; the success of Websense's brand development efforts; the volatile and competitive nature of the internet industry; changes in domestic and international market conditions and the entry into and development of international markets for the company's products; risks relating to intellectual property ownership; and the other risks and uncertainties described in Websense's public filings with the Securities and Exchange Commission, available at http://www.sec.gov/. Websense assumes no obligation to update any forward-looking statement to reflect events or circumstances arising after the date on which it was made.
MEDIA CONTACT: Jennifer Culter Websense, Inc. 858 320 9511 jculter@websense.com
CONTACT: Jennifer Culter of Websense, Inc., +1-858-320-9511, jculter@websense.com
Web site: http://www.forbes.com/free_forbes/2006/0213/068.html
Web site: http://www.websense.com/
