Frost & Sullivan Selects PresiNET as Award Recipient for Technology Leadership in the Managed Security Services ''MSS'' Market

Business Wire, Oct 27, 2004

PALO ALTO, Calif. -- This award distinguishes PresiNET for their breakthrough technology providing cost-effective Internet Security, Business Intelligence and Performance Management within the global managed security services provider (MSSP) market space.

In conjunction with the release of their 2004 World Managed Security Services Markets (MSS) report, Frost & Sullivan, a global growth consulting company, announced it has bestowed their prestigious Technology Leadership Award on PresiNET Systems Corp., an innovative provider of Internet management solutions. The independent analyst firm presented this award to PresiNET for its demonstrated technology leadership by excelling in all stages of the technology life cycle - incubation, adaptation, take-up, and maturity-to ensure a continuous flow of improvements and high-end functionality for the lowest investment costs for their clients in the industry.

PresiNET finds itself in a select and prestigious group of Frost & Sullivan Award Winners this year that include systems integrators, telecommunication service providers, and boutique managed security service providers (MSSPs).

To choose the recipient of this award, the Frost & Sullivan Analyst Team tracks emerging technologies and ongoing research and development projects within the industry. This process includes interviews with market participants and extensive technology research. The technologies and research projects are then compared according to customer base demands. Also considered are elements such as technological competitive advantage, customer acceptance rates, and market share growth. Competitors are then compared and ranked for relative position. PresiNET received the number one industry ranking in the category of Technology Leadership among MSSPs

"For tasks such as security - outsourcing offers a host of advantages over in-house solutions. These include cost and time savings, and, most importantly, the freedom to focus efforts on core competencies and other IT initiatives," says Jason Wright, Program Leader of Security Technologies, Frost & Sullivan. "The undeniable benefits offered by PresiNET in their ability to do more for less by leveraging economies of scale becomes a highly attractive option for their clients - especially when a client's IT resources are restricted. PresiNET's competence and capabilities have continuously improved since Frost & Sullivan began tracking this company's progress in 2000," adds Wright.

"Since the network is more frequently attacked during non-business hours, hiring around-the-clock security staff adds to the cost of an in-house solution. PresiNET is earning the respect and trust of their clients through their undeniable value proposition of leveraging the expertise of their seasoned analysts to provide 24X7X365 security monitoring and management," stated Wright.

"PresiNET has been posting impressive growth rates as the Small and Medium-sized Business (SMB) market increasingly adopts the idea of outsourced security. In fact, the company more than doubled the market's growth rate, making PresiNET the second fastest growing MSSP in 2003. With this growth, PresiNET has begun to expand its customer base to include large enterprise clients. Behind the notable success of PresiNET lies an easy to deploy and use, yet sophisticated and unique technology," says Wright.

"This award from Frost & Sullivan qualifies the innovative value proposition of our technologies and the cost-effectiveness of these offerings to our clients. We are very pleased to receive this Award and the affirmation it provides from Frost & Sullivan." - Dean Pothorin, Founder and Chief Executive Officer, PresiNET Systems Corp.

For creating a unique and valuable perspective into a network's performance metrics, and for successfully marketing its services to create substantial business growth rates, PresiNET is a deserving recipient of the Frost & Sullivan's Technology Leadership Award.

About Frost & Sullivan

Frost & Sullivan, a global growth consulting company founded in 1961, partners with clients to create value through innovative growth strategies. The foundation of this partnership approach is our Growth Partnership Services platform, whereby we provide industry research, marketing strategies, consulting, and training to our clients to help grow their business. A key benefit that Frost & Sullivan brings to its clients is a global perspective on a broad range of industries, markets, technologies, econometrics, and demographics. With a client list that includes Global 1000 companies, emerging companies, as well as the investment community, Frost & Sullivan has evolved into one of the premier growth consulting companies in the world.

About PresiNET Systems Corp. www.PresiNET.com

Founded in 1999, PresiNET offers cost-effective Intelligence, Security and Performance technologies that provide a complete suite of solutions to both SMB and Enterprise clients. These technologies provide a real-time window into the interrelationship of the many applications, complex technologies, security events, and users deployed on the network. PresiNET's Internet Management Solutions produce a unified, enterprise-wide picture, which allows organizations to manage distributed networks as a whole entity, and allows for detailed analysis and management of the bandwidth and connections.