St. Bernard Software Announces the Acquisition of Singlefin

Business Wire, Oct 4, 2006

Company Expands SME IT Security Leadership and Enhances Product Portfolio with Managed Security Services

SAN DIEGO -- St. Bernard Software, Inc. (OTCBB:SBSW), a global provider of security solutions for small- and medium-sized enterprises (SMEs), today announced it has signed a definitive agreement to acquire Singlefin, a provider of managed security and business services. Singlefin delivers on-demand email filtering, Web filtering and instant messaging (IM) management as a hosted or "in the cloud" service and is focused on the SME customer segment.

The acquisition strategically enhances St. Bernard's unique position as the only provider of appliance, software and on-demand delivered security solutions into the SME market. With compounded annual growth rates of over 26% through 2009 (source: IDC, 2005), the on-demand security services space is ranked by industry analysts as among the fastest growing segments in the security market. Moreover, the acquisition reinforces St. Bernard Software's commitment to serving the SME market by significantly enhancing the security solutions the company will offer in secure content management, data security and business continuity, providing true industry-leading choice to current and future customers.

With the integration of Singlefin's hosted security technology, St. Bernard Software is providing SME customers with a unique ability to meet their budgetary and IT needs while allowing them to focus on managing their business. Singlefin has been hosting email and other security services since 2003 and already operates an extensive email filtering service with more than 5 billion messages analyzed daily through its patented reputation filters. Singlefin brings 900 SME customers to St. Bernard Software, as well as ISPs such as Juno, NetZero and BlueLight.

"This acquisition comes at a great time for our customers, employees and investors. It is an exciting step in our ongoing commitment to provide a full range of secure content management solutions that meet the specific needs of small- and medium-sized enterprise customers," said Vincent Rossi, President and COO at St. Bernard Software. "Our current customers and prospects now have the opportunity to select a security appliance or service model that will efficiently and effectively protect their corporate assets and ensure business continuity."

"Singlefin's secure content services and unique selling model are specifically tailored for the SME market and give customers a painless way to protect their networks," said Jake Jacoby, founder and president of Singlefin. "St. Bernard Software has an excellent reputation with small and medium enterprises, and we are excited about the opportunity to extend new and unique value to these customers."

"Security in the cloud is the fastest growing segment in this space, offering affordable pricing and immediate access to security programs without the typical infrastructure requirements," said Richard Stiennon, chief research analyst for IT-Harvest. "With limited IT resources, the SME is the likeliest sector to quickly benefit from on-demand security delivered as a service. This approach gives customers the flexibility to select the specific enterprise-class solutions they need."

Exact terms of the acquisition are not being disclosed. For further information on St. Bernard Software and its complete suite of security products, please visit www.stbernard.com. Additional information on Singlefin can be found at www.singlefin.net.

About St. Bernard Software

St. Bernard Software is a global provider of security solutions, including Internet and email filtering appliances, patch management and data backup solutions. St. Bernard Software also provides the SME market with a complete line of hosted security solutions, including email, IM and URL filtering services.

Deployed across millions of computers worldwide, the company's award-winning products deliver innovative security solutions that offer the best combination of ease-of-use, performance and value. Established in 1995 with headquarters in San Diego, and an international office in the United Kingdom, St. Bernard Software sells and supports its products directly and through solution partners worldwide. For more information, please visit www.stbernard.com.

About Singlefin

Singlefin is a leader internationally in providing managed security and business services to small- and medium-sized companies. Singlefin's enterprise-class services are delivered as on-demand, hosted services that save customers money and time that they would otherwise spend on IT infrastructure, deployment and maintenance costs.

Singlefin's solutions handle every aspect of security from attachment filters, to archiving integration and back-ups to anti-virus protection, to outbound filtering, compliance filtering, routing and more. Singlefin is the only company to handle configurable and scaleable email, web filtering and instant messaging management, and to provision these services instantly over the Web. Singlefin is privately funded and is headquartered in San Diego. For more information, please visit the Web site at www.singlefin.net or email at info@singlefin.net.