Websense Named to Forbes Magazine's Coveted 'Top 25 Fastest-Growing Technology Companies' List for Third Consecutive Year Monday February 13, 8:00 am ET Ranked in Top Ten Based on Five-Year Sales Growth
SAN DIEGO, Feb. 13 /PRNewswire-FirstCall/ -- Websense, Inc. (Nasdaq: WBSN - News), a global leader in web security and web filtering productivity software, today announced that it has been named to Forbes Magazine's "Top 25 Fastest-Growing Technology Companies" list for the third consecutive year. Of the 25 companies listed, Websense was ranked number nine based on the company's strong growth in sales in 2005, and its consistent sales growth over the last five years. In 2005, Websense revenue increased 33 percent and net income grew 48 percent. Over the five-year time period, revenues increased more than eight-fold, from $17.4 million in 2000 to $148.6 million in 2005. ADVERTISEMENT
"We are extremely proud to be among the top 10 organizations named to Forbes Magazine's 2006 list of the 25 fastest-growing technology companies," said Gene Hodges, chief executive officer and president of Websense, Inc. "2005 was an outstanding year for Websense, and our award-winning web filtering and web security software now protect nearly 24 million employee seats worldwide. We intend to build upon this momentum in 2006, as the security market converges to our strengths, and web-based threats continue to drive growth in demand for Websense's layered solutions at the gateway, network, endpoint and mobile device."
According to Forbes Magazine, to make this list, a company must have a minimum of $25 million in sales and have been profitable over the last 12 months. Companies also must have had sales growth of 10% a year (or better) for the last five years and consensus earnings forecasts of at least 10% annualized growth over the next three to five years. Culled are any companies with legal problems or other open-ended liabilities.
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