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26 Sep 2005

Sophos exceeds growth expectations

Global security provider is set to build on its successes with forthcoming firewall and adware detection launches

Sophos logoSophos, a world leader in protecting business against viruses, spyware and spam, today announced an increase in annual turnover of 19.2% to £66.2 million ($122.6 million USD) for the year ending March 2005. Sophos has achieved year-on-year growth, ahead of the industry average, thanks to strong market demand for its integrated IT security solutions.

The growth comes from a significant number of new customer wins from large organisations around the world, including Heinz, Marconi, Wellesley College, EFS, Zodiac, Acens, Adecco, Radio Televisión Española, Australian National University, Philippine Airlines, Northern Ireland's Directorate of Information Systems and University Technology Malaysia.

Sophos's growth looks set to increase further with the forthcoming launches of its new centrally managed client firewall and adware detection and removal products in this fiscal year. It will release significant new versions of its enterprise endpoint protection solutions, which will provide advanced virus, spyware, adware and firewall protection for file servers, desktops and laptops on a wide range of platforms. The company will also launch a cutting-edge solution for the Linux operating system with on-access virus scanning and supporting a large number of Linux platforms.

"Sophos is constantly innovating to deliver first-rate protection to all types of organisations - proving especially strong in the education and public sectors. Our impressive track record has made us world leaders in protecting business networks against the ever-evolving threats to IT security," said Steve Munford, Chief Operating Officer at Sophos. "The nature of threats is changing - we're seeing more and more targeted, financially-motivated attacks against organisations. Our strong market presence and channel strategy give new customers confidence when deploying our software, while our impressive detection rates and good customer service play a big part in our high customer-retention rates."

The last fiscal year saw Sophos's global workforce rise to 925 employees - an increase of 26% on the previous year. Sophos has also recruited industry veteran Mark Harris as Global Director of SophosLabs. Harris previously worked at McAfee and brings more than nine years of IT security experience to Sophos. Other major appointments include Wendy Dean as Vice President of Engineering, Charles Southey as Vice President of IT, Mark Hatton as President of North America, Stuart Small as the UK Director of Sales and Marketing, and Steve Munford as Chief Operating Officer.

SophosLabs™, Sophos's global network of threat analysis centres, is growing at a steady rate and dealing with increasingly complex threats. Sophos is also growing its development department, which has introduced several new products to the market this year.

Sophos's enterprise range of software, which protects each entry point on the network, was launched in February 2005 and has already proved very successful. The company's recently launched Genotype™ detection technology allows organisations to further reduce exposure to unidentified threats and unwanted content by the use of forensic analysis to identify suspicious patterns and characteristics that are unique to either a virus family or a spam campaign. Most recently, Sophos launched PhishAlert™ service, which provides fast, near real-time alerts of phishing campaigns, and ZombieAlert™ service, which identifies infected machines that give control to unauthorised users. Sophos is the first vendor of its kind to offer such a service.

Sophos's achievements have been recognised in several business and industry award wins in the last year. It won the 2004 Queen's Award for Enterprise in International Trade and was ranked 35th in Business Week's Europe 500 list. Sophos also received its 29th Virus Bulletin 100% award.

In 2005, Sophos has joined the Anti-Phishing Workgroup (APWG) and the Anti-Spyware Coalition (ASC) among other industry associations. Having being one of the first companies to attain spyware certification, Sophos now analyses and protects against more than 500 new spyware samples every month.

About Sophos

More than 100 million users in 150 countries rely on Sophos as the best protection against complex threats and data loss. Sophos is committed to providing complete security solutions that are simple to deploy, manage, and use and that deliver the industry's lowest total cost of ownership. Sophos offers award-winning encryption, endpoint security, web, email, mobile and network security solutions backed by SophosLabs - a global network of threat intelligence centers.

Sophos is headquartered in Boston, US and Oxford, UK. More information is available at www.sophos.com.