As Information Security Market Grows, PentaSafe Has Record Year

PentaSafe Announces New Customers and Record Revenues as Security Sector

Explodes



Apr 10, 2001, 01:00 ET from PentaSafe Security Technologies, Inc.

    HOUSTON, April 10 /PRNewswire/ -- PentaSafe Security Technologies, Inc., a
 leading provider of enterprise security infrastructure solutions, today
 announced the addition of more than ninety new customers to complete the close
 of its fiscal year, March 31, 2001.  New PentaSafe customers for the first
 quarter of 2001 include Abbott Laboratories, Magellan Health Systems, UNISYS,
 Kemper Insurance, Ocwen Bank, Dean Foods, Scientific Atlanta, PacifiCare
 Health, Famous Footwear, and George Washington University.  PentaSafe's
 European office also announced several new customer wins, including EDS, IBM,
 Volvo and Royal Trust Bank based in the United Kingdom.
     "While budgets for many IT requirements have been cut, security spending
 is actually up," said Doug Erwin, CEO of PentaSafe, "We've seen a steady
 increase in interest and purchases of our security software over the last
 twelve months, partially due to the new understanding in the corporate world
 that information security is no longer an option. "
     Erwin further attributed the growth in security software sales to an
 increased awareness by top management of the necessity for policy-driven
 information security across the enterprise, as well as the new regulations in
 the financial services and healthcare industries that mandate information and
 privacy safeguards.  PentaSafe closed the fiscal year with more than
 $22 million in revenues, up over 90% from the previous year.
     PentaSafe also made two key acquisitions in 2000 to better position
 themselves as the complete provider of enterprise security architecture.  In
 July, they acquired BrainTree Security Software, Boston, to a database
 security component.  BrainTree has been the leading international developer of
 Oracle, Sybase and SQL Server database security solutions for the last
 6 years.
     In October, PentaSafe acquired Baseline Software, Inc., publisher of the
 definitive security guide, Information Security Policies Made Easy, authored
 by security expert Charles Cresson Wood.  It was the best practices policy
 knowledge from the guide that has been incorporated into PentaSafe's newest
 product, the VigilEnt Policy Center.
     "Companies are beginning to realize that there is no quick fix 'silver
 bullet'," echoed Pete Lindstrom, senior security analyst at Hurwitz Group.
 "They need to develop a more cohesive, holistic approach to security that is
 driven by overall business strategy and policy."
     In preparation for the changing needs of information security buyers,
 PentaSafe has more than doubled its development staff in the past year.  The
 result has been the releases of a host of new security software products
 including the introduction of the VigilEnt Policy Center, the flagship
 security policy product that automates the creation, distribution and
 maintenance of an organization's information security policy.
     "While some security software companies may be experiencing a decline in
 sales due to the economy, those firms that offer a comprehensive approach to
 deal with the core issues of security in an organization are poised to come
 out ahead in this market," explained Lindstrom.  "PentaSafe's ability to
 incorporate best practices in security policies and integrate security
 technologies to those policies within the enterprise puts it in this class."
 
     Notice to Editors:  To help explain its vision of the market, PentaSafe
 has just published a White Paper entitled, Demystifying information security:
 the path to enterprise security infrastructure solutions, available for
 download from its Web site at www.pentasafe.com.
 
     About PentaSafe Security Technologies
     PentaSafe enables companies to safely grow their business by providing a
 complete security infrastructure solution for people, policy, and technology.
 Unlike any other vendor, PentaSafe's solutions help educate the people within
 an organization to comply with information security policies and integrate
 each policy with best of breed security technology -- all designed to assure
 maximum protection of information assets throughout the corporate enterprise.
 PentaSafe's innovative solutions allow companies to conduct e-business in a
 safe and secure IT environment by offering security management solutions for
 key elements of the IT infrastructure.  PentaSafe has more than 1200 customers
 worldwide, including eight of the top ten on the Fortune 100 list, and 4 of
 the "Big 5" auditing firms.  For more information, visit www.pentasafe.com.
 
     PentaSafe and VigilEnt are registered trademarks of PentaSafe Security
 Technologies, Inc. All other company and product names may be trademarks of
 the company with which they are associated.  Portions of this document may
 constitute "forward-looking statements" as defined by federal law. Although
 the company believes any such statements are based on reasonable assumptions,
 there is no assurance that actual outcomes will not be materially different.
 Any such statements are made in reliance on the "safe harbor" protections
 provided under the Private Securities Reform Act of 1995. Additional
 information about issues that could lead to material changes in performance is
 contained in the company's annual reports filed with the Securities and
 Exchange Commission.
 
 

SOURCE PentaSafe Security Technologies, Inc.
    HOUSTON, April 10 /PRNewswire/ -- PentaSafe Security Technologies, Inc., a
 leading provider of enterprise security infrastructure solutions, today
 announced the addition of more than ninety new customers to complete the close
 of its fiscal year, March 31, 2001.  New PentaSafe customers for the first
 quarter of 2001 include Abbott Laboratories, Magellan Health Systems, UNISYS,
 Kemper Insurance, Ocwen Bank, Dean Foods, Scientific Atlanta, PacifiCare
 Health, Famous Footwear, and George Washington University.  PentaSafe's
 European office also announced several new customer wins, including EDS, IBM,
 Volvo and Royal Trust Bank based in the United Kingdom.
     "While budgets for many IT requirements have been cut, security spending
 is actually up," said Doug Erwin, CEO of PentaSafe, "We've seen a steady
 increase in interest and purchases of our security software over the last
 twelve months, partially due to the new understanding in the corporate world
 that information security is no longer an option. "
     Erwin further attributed the growth in security software sales to an
 increased awareness by top management of the necessity for policy-driven
 information security across the enterprise, as well as the new regulations in
 the financial services and healthcare industries that mandate information and
 privacy safeguards.  PentaSafe closed the fiscal year with more than
 $22 million in revenues, up over 90% from the previous year.
     PentaSafe also made two key acquisitions in 2000 to better position
 themselves as the complete provider of enterprise security architecture.  In
 July, they acquired BrainTree Security Software, Boston, to a database
 security component.  BrainTree has been the leading international developer of
 Oracle, Sybase and SQL Server database security solutions for the last
 6 years.
     In October, PentaSafe acquired Baseline Software, Inc., publisher of the
 definitive security guide, Information Security Policies Made Easy, authored
 by security expert Charles Cresson Wood.  It was the best practices policy
 knowledge from the guide that has been incorporated into PentaSafe's newest
 product, the VigilEnt Policy Center.
     "Companies are beginning to realize that there is no quick fix 'silver
 bullet'," echoed Pete Lindstrom, senior security analyst at Hurwitz Group.
 "They need to develop a more cohesive, holistic approach to security that is
 driven by overall business strategy and policy."
     In preparation for the changing needs of information security buyers,
 PentaSafe has more than doubled its development staff in the past year.  The
 result has been the releases of a host of new security software products
 including the introduction of the VigilEnt Policy Center, the flagship
 security policy product that automates the creation, distribution and
 maintenance of an organization's information security policy.
     "While some security software companies may be experiencing a decline in
 sales due to the economy, those firms that offer a comprehensive approach to
 deal with the core issues of security in an organization are poised to come
 out ahead in this market," explained Lindstrom.  "PentaSafe's ability to
 incorporate best practices in security policies and integrate security
 technologies to those policies within the enterprise puts it in this class."
 
     Notice to Editors:  To help explain its vision of the market, PentaSafe
 has just published a White Paper entitled, Demystifying information security:
 the path to enterprise security infrastructure solutions, available for
 download from its Web site at www.pentasafe.com.
 
     About PentaSafe Security Technologies
     PentaSafe enables companies to safely grow their business by providing a
 complete security infrastructure solution for people, policy, and technology.
 Unlike any other vendor, PentaSafe's solutions help educate the people within
 an organization to comply with information security policies and integrate
 each policy with best of breed security technology -- all designed to assure
 maximum protection of information assets throughout the corporate enterprise.
 PentaSafe's innovative solutions allow companies to conduct e-business in a
 safe and secure IT environment by offering security management solutions for
 key elements of the IT infrastructure.  PentaSafe has more than 1200 customers
 worldwide, including eight of the top ten on the Fortune 100 list, and 4 of
 the "Big 5" auditing firms.  For more information, visit www.pentasafe.com.
 
     PentaSafe and VigilEnt are registered trademarks of PentaSafe Security
 Technologies, Inc. All other company and product names may be trademarks of
 the company with which they are associated.  Portions of this document may
 constitute "forward-looking statements" as defined by federal law. Although
 the company believes any such statements are based on reasonable assumptions,
 there is no assurance that actual outcomes will not be materially different.
 Any such statements are made in reliance on the "safe harbor" protections
 provided under the Private Securities Reform Act of 1995. Additional
 information about issues that could lead to material changes in performance is
 contained in the company's annual reports filed with the Securities and
 Exchange Commission.
 
 SOURCE  PentaSafe Security Technologies, Inc.