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this is my next long term big time potential COMTEX) B: ebaseOne and Websense Join Forces to Manage Corporate Int B: ebaseOne and Websense Join Forces to Manage Corporate Internet Access -- A $2.5 Billion Industry by 2004 HOUSTON, Jul 27, 1999 (BUSINESS WIRE via COMTEX) -- ebaseOne Corporation (OTC BB:EBAS), a rapidly growing Houston-based Application Service Provider (ASP) and Websense Inc., the leader in Internet access management systems, announced today a partnership to deliver a managed service that monitors and enforces Internet usage policies throughout corporate enterprises. Websense Enterprise is a sophisticated Internet access management system that enables corporations, schools and other organizations to monitor, report and manage traffic traveling from their internal network to the Internet. Websense's solutions will enable ebaseOne's customers to control their network bandwidth consumption, increase employee productivity and reduce legal liability associated with undesirable Internet content. "Corporations lose millions of dollars every year due to inappropriate Internet usage. Productivity losses are reaching into the hundred millions of dollars per year in U.S. companies alone," said John Carrington, president and CEO of Websense. In fact, a widely reported business survey last year showed that 72 percent of Internet users said they had visited online "smut sites" during business hours. In addition to lost productivity, Internet abuse also risks company assets, increases potential liability exposure and jeopardizes network security. Employees can sue their employers after having felt offended by material their coworkers have downloaded or printed from the Web. To prevent the Internet from burdening employers, most companies are implementing Internet access policies and implementing Internet access management systems. According to Mountain View, Calif.-based analyst firm Frost & Sullivan, Internet access management will be a $2.5 billion industry by the year 2004. "Websense will be one of ebaseOne's core technologies and represents a very important component for our customer's network infrastructure. Apart from the mission critical applications being delivered by ebaseOne, we feel that best-of-breed systems such as Websense, are critical as we strive to provide a complete mid-market solution. EbaseOne is focusing not only on the delivery of technology but the productivity and streamlined processes expected to bederived from it," says John Frazier, CEO and president of ebaseOne Corporation. Websense Enterprise will become one of ebaseOne's hosted applications for core technologies. ebaseOne is building a state-of-the-art Enterprise Application Center to host comprehensive and integrated pre-packaged software solutions, bundled with systems experts, best practices training and extraordinary customer services. ebaseOne's customers will be charged a flat monthly fee to access and run a variety of applications over the Internet. Websense is one of ebaseOne's first software partners. However, ebaseOne is currently forming significant subscription-based partnerships with all of the providers of the technology required to support this model. Under the subscription model, ebaseOne pays its partners a monthly fee for the usage of its software as opposed to a one-time up-front fee. ebaseOne expects all majorsubscription agreements to be in place within the next 60 days. About the Application Service Provider industry The ASP industry has been compared to the Internet Service Provider (ISP) industry in the early 1990's. Its growth is expected to explode within the next three years. According to International Data Corp., corporate spending on high-end outsourced applications, such as ERP and | ||||||||||||
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