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Counterpane Internet Security Closes Strongest Quarter Ever With Record Growth Through Year End.


Business Editors

CUPERTINO, Calif.--(BUSINESS WIRE)--Jan. 14, 2003

Company Sees Consecutive Growth Exceeding 30% Each

Quarter Through Calendar Year 2002

Counterpane Internet Security ''This article or section is being rewritten at

Internet security is the process of protecting data and privacy of devices connected to internet from information robbery, hacking, malware infection and unwanted software.
, Inc., developer and acknowledged leader of Managed Security Monitoring (MSM MSM - Micronetics Standard MUMPS ) services, today announced record revenue and bookings through December and the fourth consecutive record quarter of growth over 30%.

"Our impressive growth through 2002 was a key contributor in securing our recent $20 million round of financing," said John Bruce John Bruce can refer to:
  • John Bruce (baseball) (c. 1856–1924), a baseball executive
  • John Bruce (Canada) (1837–1893), first president of the Métis provisional government during the Red River Rebellion
  • John Bruce (history) (c.
, Executive Vice President of Sales, Marketing and Business Development at Counterpane. "We'll invest these funds to drive growth of the business."

"The channel strategy we launched last year continues to be a winning one for us," continued John Bruce. "We're not only seeing impressive growth, but a decrease in our sales cycle from 6 months to less than 90 days."

"Counterpane is an excellent partner for NEC (NEC Corporation, Tokyo, www.nec.com, www.necus.com) An electronics conglomerate known in the U.S. for its monitors. In Japan, it had the lion's share of the PC market until the late 1990s (see PC 98).

NEC was founded in Tokyo in 1899 as Nippon Electric Company, Ltd.
 BNS Noun 1. BNS - a bachelor's degree in naval science
Bachelor of Naval Science

bachelor's degree, baccalaureate - an academic degree conferred on someone who has successfully completed undergraduate studies
. We see significant growth opportunities in managed security monitoring with Counterpane," said William J. Holman, Senior Vice President of Sales for NEC Business Network Solutions, Inc.

About Counterpane

Counterpane Internet Security, Inc., is the innovator and acknowledged leader in providing Managed Security Monitoring (MSM) services. MSM combines people and technology to safeguard businesses. Working from a network of technically sophisticated Secure Operations Centers (SOCs) and using progressive analysis tools, Counterpane has built the most advanced analysis, correlation, detection, and diagnosis technology, comprising of a Sentry monitoring probe on the customer's network and the Socrates knowledge base inside the SOCs. Using this technology, Counterpane's expert Security Analysts are able to detect security incidents -- both external intrusions and insider attacks -- in real time, and tailor immediate, effective responses for its customers. The company is funded by Accel Partners, Amerindo Investment Advisors Investment Advisor

1. A person making investment recommendations in return for a flat fee or percentage of assets managed, known as a commission.

2. For mutual fund companies, it is the individual who has the day-to-day responsibility of investing and monitoring the cash and
, Inc., Comcast Interactive Capital, LP, Bessemer Venture Partners Bessemer Venture Partners is a private venture capital firm with offices in Silicon Valley, New York, Massachusetts, China, and India. It has backed such companies as Ciena, Flarion, Parametric Technologies, Skype, Staples, VeriSign and Veritas. , Dell Ventures, LP, Meritech Capital Partners, LP, Morgan Stanley To comply with Wikipedia's , the introduction of this article needs a complete rewrite.  Venture Partners and Symphony Technology Group. Headquarters are located at 19050 Pruneridge Avenue, Cupertino, California, USA. Phone: 408/777-3600, Fax: 408/777-3601, Website: www.counterpane.com.

Counterpane is a trademark of Counterpane Internet Security, Inc. All other companies, brand names or products are trademarks or registered trademarks of their respective companies.
COPYRIGHT 2003 Business Wire
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2003, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Publication:Business Wire
Geographic Code:1USA
Date:Jan 14, 2003
Words:349
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