Enterasys Networks Selects NetSec as Premier MSSP Partner

Partnership to Deliver Industry-Leading Integrated Security Management Solutions

HERNDON, VA, April 28, 2004 - NetSec, a leading provider of managed security services, today announced that Enterasys Networks (NYSE: ETS), a global provider of Secure Networks for enterprise customers, has selected NetSec as a premier partner in its new Managed Security Service Provider (MSSP) partner program, the latest addition to its comprehensive Secure Networks partner strategy. Together, NetSec and Enterasys will deliver managed intrusion defense solutions to the marketplace. NetSec has integrated Enterasys' Dragon Intrusion Defense solution into its FiniumTM security management platform and has multiple Global 1000 customers currently running the service. Enterasys selected NetSec based on its expertise and capabilities to integrate and deploy Enterasys Secure Networks solutions and its focus on Global 1000 and government customers.

"NetSec has deep expertise in intrusion management solutions and considers Enterasys Secure Networks solutions, including its Dragon Intrusion Defense products as high-quality, best-of-breed technology that serves the enterprise marketplace," said Mordecai B. Rosen, vice president of corporate development at NetSec. "Our long-standing relationship with BP and other Global 1000 customers provides a great example of the value an integrated Enterasys/NetSec solution can bring to the marketplace."

Today, NetSec has a customer list that includes five of the 10 largest companies in the world and nine of the 15 executive departments in the U.S. federal government, making the company one of the fastest growing providers of managed security services. NetSec offers managed services that integrate threat, vulnerability and event management, reducing the burdens of monitoring, filtering, tracking and reporting so security staff can focus on more critical tasks. A centralized Web portal and customizable profile enable high-risk threat notification, early warning of vulnerabilities, patch tracking and incident handling and response.

"NetSec is a recognized leader in the MSSP space and this relationship offers customers an intrusion management option that increases security with a lower cost of ownership," said Mark Aslett, president, Enterasys Networks. "The combination of Enterasys and NetSec provides an effective solution that integrates intrusion technology with threat and vulnerability management to enhance and further the delivery of Enterasys unique approach to building Secure Networks."

Secure Networks is Enterasys' unique approach to enterprise networking that integrates advanced security and management features to centralize and automate granular control of the entire network infrastructure. Secure Networks solutions enable enterprises to reduce risk and focus on business-enhancing activities.

About NetSec
NetSec is a leading provider of managed security services for global corporations and government agencies. With a vendor-neutral approach to the lifecycle security needs of a customer, NetSec offers a suite of security services powered by FiniumTM, a co-managed platform driven by flexible technologies, proven processes and expert staff; operated via a disaster-resilient Security Operations Center. FiniumTM integrates threat, vulnerability and event information via a centralized, secure Web Console, enabling analysts and managers to better manage security as part of their business.

Five of the 10 largest companies in the world and nine of the 15 executive departments in the U.S. government rely on NetSec, making it one of the fastest growing providers of managed security services. Founded in 1998, NetSec is a privately held company with headquarters in Herndon , Virginia and London. For more information, visit www.netsec.net .

About Enterasys Networks
Enterasys Networks (NYSE: ETS) is a global provider of Secure NetworksT for enterprise customers. Enterasys' innovative network infrastructure offerings deliver the security, productivity and adaptability benefits required by Global 2000 organizations, coupled with the industry's strongest service and support. For more information on Enterasys and its products, including multilayer switches, core routers, WAN routers, wireless LANs, network management, and intrusion defense systems, visit www.enterasys.com.

This press release contains projections and other forward-looking statements regarding the future revenue, cash flows and other financial performance of us or other future events and circumstances, and actual results, events and circumstances could differ materially. Such statements include, but are not limited to, statements reflecting management's expectations regarding our future financial performance; strategic relationships and market opportunities; and our other business and marketing strategies and objectives. These statements may be identified with such words as "we expect", "we believe", "we anticipate", or similar indications of future expectations. These statements are neither promises nor guarantees, and involve risks and uncertainties that could cause actual results to differ materially from such forward-looking statements. Such risks and uncertainties include, among other things, the following factors: the lingering effects of the recently settled SEC investigation and our financial statement restatements could materially harm our business, operating results and financial condition; worldwide economic weakness, deteriorating market conditions and recent political and social turmoil have negatively affected our business and revenues and made forecasting more difficult, which could harm our financial condition; we have a history of losses in recent years and may not operate profitably in the future; our quarterly operating results are likely to fluctuate, which could cause us to fail to meet quarterly operating targets and result in a decline in our stock price; we earn a substantial portion of our revenue for each quarter in the last month of each quarter, which reduces our ability to accurately forecast our quarterly results and increases the risk that we will be unable to achieve previously forecasted results; we may need additional capital to fund our future operations and, if it is not available when needed, our business and financial condition may be harmed; pending and future litigation could materially harm our business, operating results and financial condition; the limitations of our director and officer liability insurance may materially harm our financial condition; our failure to improve our management information systems and internal controls could harm our business; we have experienced significant turnover of senior management and our current management team has been together for only a limited time, which could harm our business operations; retaining key management and employees is critical to our success; there is intense competition in the market for enterprise network equipment, which could prevent us from increasing our revenue and achieving profitability; we may be unable to expand our indirect distribution channels, which may hinder our ability to grow our customer base and increase our revenue; we expect the average selling prices of our products to decrease over time, which may reduce our revenue and gross margins; we use several key components for our products that we purchase from single or limited sources, and we could lose sales if these sources fail to fulfill our need on a timely basis; we depend upon a limited number of contract manufacturers for substantially all of our manufacturing requirements, and the loss of any of our primary contract manufacturers would impair our ability to meet the demands of our customers; and those additional risks and uncertainties discussed in our most recent filings with the Securities and Exchange Commission, including our annual report on Form 10-K for the fiscal year ended December 28, 2002. Readers are cautioned not to place undue reliance on these forward looking statements, which speak only as of the date hereof. We expressly disclaim any obligation to publicly update or revise any such statements to reflect any change in these forward-looking statements, or in events, conditions, or circumstances on which any such statements may be based, or that may affect the likelihood that actual results will differ from those set forth in the forward-looking statements.

Media Contacts
Area:United States
Name:Jenny Chen
Role:NetSec
Tel:703.788.6383
E-mail:jchen@netsec.net
Area:United States
Name:Drew Miale
Role:Enterasys Networks
Tel:+1.978.684.1201
E-mail:dmiale@enterasys.com

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