COUNTERPANE INTERNET SECURITY, INC NAMED TO THE RED HERRING 100

Counterpane recognized by Red Herring editors for innovation and business strategy

Red Herring 100 Press Release

CUPERTINO, Calif., May 13, 2002 -- Counterpane Internet Security, Inc., developer and acknowledged leader of Managed Security Monitoring (MSM), announced its inclusion in the Red Herring 100 as selected by the editors of Red Herring, the premier magazine of business technology and innovation.

The Red Herring 100 recognizes the top 50 public and the top 50 private companies whose services, business models, products and quality of management define business innovation. It previews the leaders of tomorrow in a number of key technology-related sectors, including software, biotechnology, wireless, communications services, media, hardware, nanotechnology, consumer electronics and energy.

"We are thrilled to be recognized by the editors of Red Herring magazine for our innovation in developing and delivering Managed Security Monitoring, the first complete network security monitoring service," said Counterpane President and CEO, Tom Rowley. "Continued strong demand have helped us to maintain our position as the largest outsourced security monitoring company in the world."

In its sixth year, the Red Herring 100 has become the most respected list of its kind. Red Herring editors compile the list by using the same combination of subjective insights and hard metrics favored by venture capitalists and investment bankers. These factors predict a company's ability to disrupt existing markets or create entirely new ones.

The Red Herring 100 is featured in the June 2002 issue of Red Herring magazine and is also available on www.redherring.com. It includes a short profile of Counterpane Internet Security, 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, Inc., Bessemer Venture Partners, Dell, Deutsche Bank, Goldman Sachs, and Morgan Stanley Dean Witter Equity Fund. Headquarters are located at 1090 La Avenida, Mountain View, California, USA. Phone: 650-404-2400, Fax: 650-903-0461, Website: www.counterpane.com.

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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.