BindView Maintains Worldwide Leadership Position in Host-Based Vulnerability Assessment Market for Third Consecutive Year

Business Wire, Sept 12, 2002

Business/Technology Editors

HOUSTON--(BUSINESS WIRE)--Sept. 12, 2002

Company Scores a Win, Place and Show in New Intrusion Detection

and Vulnerability Assessment Market Report by IDC

BindView Corporation (NASDAQ:BVEW), a leading provider of IT security management solutions announced today that it has been recognized by IDC as the worldwide leader in the host-based vulnerability assessment market for the third consecutive year. In IDC's just issued bulletin "Worldwide Intrusion Detection and Vulnerability Assessment (ID&VA) Market Forecast and Analysis, 2002-2006 - Vendor View," BindView is also recognized as the second largest vulnerability assessment (VA) software vendor and as the third largest worldwide ID&VA software vendor. Looking forward, IDC expects the ID & VA software market to grow considerably and to exceed $1.4 billion in revenues by 2006.

"IDC sees vulnerability assessment as one of the most important components in creating a strong layered security infrastructure," stated Charles Kolodgy, research manager for Internet Security at IDC. "BindView has played an important role in advancing this market by addressing their customers' demand for more effective identification and reporting of security vulnerabilities with its bv-Control product family of vulnerability assessment solutions. Moving forward, we expect that BindView will continue to be a key player in the VA security market."

According to IDC, VA products help companies find potential holes in their security architecture, providing warnings about potential weaknesses that could be exploited by a hacker. This allows enterprises to better understand their exposure to attacks and to regularly maintain an effective security posture. The host-based VA sub-market contains tools that are typically used for analyzing internal security threats, including user security and system security.

IDC believes that the VA market will be a growth area over the next 24 months. Industry surveys show that only about half of large enterprises have VA products and the percent of deployment of the host-based sub-market is considerably lower. Growth in the VA market will be fueled by the increased complexity of security threats as well as the increased government regulations requiring enterprises to submit on-going security reports.

Moving forward, IDC predicts that a new category of VA products will emerge; VA Management. These products will integrate security policy creation, maintenance, and enforcement. BindView is listed as one of the vendors pioneering the way in this area.

"We are pleased to be recognized once again as the leader in the host-based vulnerability assessment market by IDC due to the success of our bv-Control product family," said Eric Pulaski, chairman and chief executive officer at BindView Corporation. "With the launch of our Policy Center product family we can now expand on our leadership position to provide a closed loop system for managing security programs and enforcing security policies according to pre-defined business standards, saving companies time and money."

About BindView Corporation

BindView Corporation, the worldwide leader in providing host-based vulnerability assessment software delivers proactive security management solutions to help safeguard computer systems and networks from security breaches before they occur. Unlike traditional approaches, the company's solutions work from the inside out to help protect business systems from both internal and external threats, thus reducing business risks. BindView's suite of cross-platform software and associated services help secure, automate and reduce the costs of managing information technology infrastructures. More than 20 million licenses of our solutions have been shipped worldwide to approximately 5,000 companies, including more than 80 of the Fortune 100 and 24 of the largest 25 U.S. banks. Contact BindView via e-mail at info@bindview.com or visit BindView's World Wide Web Site at http://www.bindview.com. BindView can also be reached at (800) 749-8439 or at (713) 561-4000.

Statements in this news release not based on historical fact are "forward-looking" statements pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Actual results could differ materially because of factors such as, for example, competition within the network management software industry and specifically within the vulnerability-assessment and ID&VA markets; the actual rates of growth in those markets; the pace of technological change; BindView's ability to execute its revenue- and cost-related strategies; possible customer deferrals of significant purchases in view of uncertainties in the domestic and global economy; and other risk factors and related matters described from time to time in BindView's Form 10-K filings, Form 10-Q filings, and other periodic filings with the Securities and Exchange Commission.

Editors Note: BindView(R), the BindView logo, and the BindView product names used in this document are trademarks of BindView Development Corporation, which may be registered in one or more jurisdictions. The names of products of other companies mentioned in this document, if any, may be the registered or unregistered trademarks of the owners of the products