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To: Bilow who wrote (4832)	5/29/1998 6:46:00 PM
From: Glenn D. Rudolph	Respond to of 164687

High-Growth Internet Company Receives $6 Million in First Round Of Venture Financing PR Newswire - May 29, 1998 14:49 MWD %MLM %CPR %FNC V%PRN P%PRN SAN DIEGO, May 29 /PRNewswire/ -- NetPartners Internet Solutions, Inc., a San Diego-based Internet software developer, announced today that it has secured a total of $6 million in its first round of venture financing. Morgan Stanley Venture Partners is supplying $5 million, with an additional $1 million provided by Edelson Technology Partners. NetPartners is the developer of the award-winning WebSENSE Internet Screening System, software that monitors, reports, and manages Internet access in a networked environment. Since its launch in 1996, WebSENSE has become the screening solution of choice for businesses and schools, capturing the majority of the networked market. It is also the only market leading screening product certified by the International Computer Security Association's (ICSA) rigorous testing laboratories. The company's overall mission is to enable organizations and families to safely and easily obtain the benefits of Internet communications by delivering innovative Internet technology. "As we have watched the screening market grow, we realized that there are far more opportunities out there than we could have tackled," said Phil Trubey, president and CEO of NetPartners. "The fundamental reason for acquiring our financing right now is to deliver the scalable, enterprise wide products that our customers are demanding." NetPartners works in conjunction with leaders in Internet and networking technology to develop WebSENSE for the broadest range of platforms including: -- Cisco Systems, Inc. -- Microsoft -- Check Point Software Technologies, LTD -- IBM -- Netscape "This outside financing allows us to continue to aggressively penetrate the corporate market by broadening the already largest domestic and international channel in our industry," said Trubey. "It also gives us the ability to continue work on our carrier class products for the new emerging ISP market which will deliver WebSENSE into the home and small business markets." Founded in 1994 with little more than $8,000 on his personal credit cards, Trubey built NetPartners into a multi-million dollar enterprise by 1997. The company has managed to increase revenues over 250% per year since its inception. The success of WebSENSE has been built on several factors including: -- High-quality products -- User-friendly interface and setup -- Accurate and comprehensive site categorization -- User-customizable reporting -- Wide range of platforms Pricing for all WebSENSE products is based on a subscription to the "Master Database," a list of more than 250,000 web sites classified into one of 30 categories, making it the most comprehensive database in the industry. Proprietary IP Screening technology delivers high performance and security. As part of the subscription service, NetPartners continuously updates the database. The WebSENSE software downloads list updates automatically every day at a time specified by the user. About Morgan Stanley Venture Partners Morgan Stanley Venture Partners (http://www.msvp.com) is the venture capital affiliate of Morgan Stanley Dean Witter & Co. (NYSE: MWD). About Edelson Technology Partners Edelson Technology Partners, based in Woodcliff Lake, New Jersey, is composed of four strategic capital funds representing ten major multinational firms. In the past 14 years, Edelson Technology Partners has invested in over 80 high technology companies on a worldwide basis. About NetPartners Internet Solutions, Inc. NetPartners Internet Solutions, Inc. is the developer of the award winning WebSENSE family of server and ISP-based software to monitor, report, and manage Internet use. It is also a founding member of the Secure Internet Filtering Technology (SIFT) Consortia, a division of the International Computer Security Association (ICSA), formerly NCSA. NetPartners Professional Services Division offers a variety of Internet security related products and consulting. Company headquarters are located at 9210 Sky Park Court, San Diego, CA 92123. Contact NetPartners by calling 800-723-1166, on the web at netpartners.com, or e-mail info@netpartners.com. SOURCE NetPartners Internet Solutions, Inc. /CONTACT: Bryan Wampler of NetPartners Internet Solutions, Inc., 619-505-3053, or bryan@netpartners.com/ /Web site: msvp.com /Web site: netpartners.com (MWD)