NetSec Recognized As One of "10 Companies to Watch" by Bank Technology News

Managed Security Services Leader Honored for Providing Innovative Security Solutions for Financial Services Organizations

HERNDON, VA, August 10, 2004 - NetSec, a leading provider of managed security services, today announced it has been selected by Bank Technology News (BTN), a leading monthly magazine for financial services technology coverage, as a "Technology Company to Watch" in the August issue. This annual accolade is given to 10 technology companies each year that the publication's editors feel are providing technology solutions making a difference in the financial services sector.

As reported in Bank Technology News, "There's something to be said for having the foresight to be in the right business at the right time. It is the underlying thread that binds BTN's 10 Technology Companies to Watch-all making big waves in financial services. Among our picks, each company has been able to anticipate demand for market-sensitive innovation prior to a spike in urgency. Whether it's dealing with core banking processes more efficiently, spotting suspicious behavior imbedded in transactions, combating phishing ploys, or shifting a bank's idle power supply to where it's most needed at a given time, these firms-Mantas, Cyota, DataSynapse, Fidelity National, SAS, DeepNines, Exigen, NetSec, Banc Intranet, and iFlex-are finding that timing can be the best idea of all."

Kelly Kavanagh, an analyst at Gartner, Inc., a leading technology research and advisory firm notes in the article that "what NetSec does, it does very well. In particular, its management team is top-notch," he says. "Also, its customer portal, which gives clients a flexible, user-friendly view of the security environment, is a big selling point that differentiates it from the rest of the field."

"For financial and banking institutions, the stringent controls around the privacy and security of customer information and the financial transactions they conduct are inherent in the business, thus, requiring the partnership approach that NetSec offers along with its Finium^TM platform and 24x7 security management solutions," said Glenn Hazard, CEO of NetSec. "In addition, a combination of increasing regulatory pressure and shortages of qualified security staff naturally lead organizations to opt for outsourcing managed security services. This recognition by Bank Technology News underscores that what we offer financial institutions and organizations is right on the mark."

The "10 Technology Companies to Watch" article can be read at: http://www.banktechnews.com/article.html?id=20040802NJ1TRC6O

For the article reprint, please click here to download (pdf).

About NetSec
NetSec is a leading provider of managed and professional 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 Finium^TM, a co-managed platform operated via a 24x7 disaster-resilient security operations center that continuously monitors, analyzes, and mitigates security risk with the customer. By delivering unsurpassed expertise to help organizations plan and measure their security programs, establish and monitor compliance, and optimize security infrastructure operations, NetSec has gained recognition in both the U.S. federal and global marketplaces.

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 by former government security experts, NetSec is a privately held company with headquarters in Herndon, Virginia and London. For more information, visit www.netsec.net.