Websense Names John McCormack as CEO; Announces Preliminary Fourth Quarter 2012 Financial Results

  Websense Names John McCormack as CEO; Announces Preliminary Fourth Quarter
                            2012 Financial Results

Achieves Record Fourth Quarter Billings Performance

Announces Retirement of CEO Gene Hodges

Appoints Charles Boesenberg to Board of Directors

Announces Russ Dietz as Chief Technology Officer

PR Newswire

SAN DIEGO, Jan. 13, 2013

SAN DIEGO, Jan. 13, 2013 /PRNewswire/ --Websense, Inc. (NASDAQ: WBSN) today
announced that its board of directors has named John McCormack as the
company's chief executive officer and as a board member, effective
immediately. He succeeds Gene Hodges, who is retiring after serving as both
CEO and a board member since January 2006. Websense also announced record
fourth quarter billings performance, Charles Boesenberg's appointment to the
board of directors, and Russ Dietz as the company's chief technology officer.

"The board and I would like to thank and congratulate Gene for a strong fourth
quarter performance and for all that he has accomplished in transforming
Websense into a leading content security provider," said John Carrington,
chairman of the Websense board of directors. "We wish Gene the best in his
retirement, and we are confident that he leaves Websense well-positioned as we
continue to extend our technology leadership and achieve corporate

"John McCormack has taken the lead in the successful execution of our
strategic initiatives, enabling us to generate solid fourth quarter billings
growth amid the continued expansion of our field sales organization," said
Carrington. "As president, he has demonstrated his executive acumen while
leading our worldwide sales and sales engineering teams; our marketing,
product management, business development and technical support organizations;
as well as the Websense^® Security Labs™ and research and development."

Preliminary Fourth Quarter Financial Results

Websense also released its preliminary fourth quarter 2012 results today. The
company expects billings to be approximately $122 million, up 5 percent
year-over-year, exceeding its guidance range of $112 to $117 million for the
fourth quarter. Also for the fourth quarter, Websense expects revenues of
$91.5 to $92.0 million, versus guidance of $90 to $92 million.

Non-GAAP earnings per diluted share are expected to be in the range of $0.27
to $0.28, versus guidance of $0.32 to $0.35, primarily reflecting the
increased sales commissions incurred with the higher-than-expected billings
during the quarter.

The company expects fourth quarter cash flow from operations to be
approximately $11 million, versus guidance of $8 to $11 million, also
reflecting the higher level of billings.

"With solid sales of our TRITON™ products across all global markets, we were
able to achieve billings results above our expectations," said John McCormack,
Websense CEO. "I look forward to continuing this momentum as we expand our
sales coverage and reach more customers with our innovative content security

Complete financial results for the fourth quarter and full year 2012 will be
released after the market close on January 29, 2013.

Charles Boesenberg Appointed to Board of Directors

Websense also announced that Charles Boesenberg was appointed as an
independent director, effective today.

"We are pleased to strengthen our board with the addition of Charles
Boesenberg, a seasoned board member with more than 30 years of experience in
accelerating growth for high-tech companies as both a CEO and an independent
director," said Carrington.

Boesenberg is currently a board member for Boingo Wireless, Callidus
Software^®, Keynote^® Systems and Silicon Graphics International Corporation
(SGI^®). He has previously served on the boards of Symantec™, Ancestry.com^®,
Rackable Systems, Onyx Software Corporation, Macromedia, Maxtor and
Interwoven. Boesenberg is the former chief executive officer and chairman of
the board of NetIQ^® Corporation; president and CEO of Integrated Systems Inc;
and has held senior executive level positions at companies including Magellan
Corporation, Central Point Software, Apple^® Inc., Data General and IBM^®.

Boesenberg's memberships on Websense board committees will be determined in
the near future.

Management Appointments

Websense CEO John McCormack joined the company in July 2006 as senior vice
president of product development and was named president in April 2009.

"With more than 25 years of security and industry experience, McCormack's
leadership, vision and technical insight has been a driving force in
Websense's global expansion and ground-breaking innovation," said Carrington.
"Under his guidance, Websense has emerged as a consistent leader in the
rapidly evolving content security industry. His vision is reflected in the
award-winning Websense TRITON architecture, which unifies the essential
components of modern threat defense and data theft prevention into a cohesive
content security system that offers best-in-class security effectiveness and
pervasive deployment across an integrated appliance and cloud platform."

In addition to the appointment of McCormack as CEO, Russ Dietz has also been
named Websense chief technology officer (CTO).

Russ Dietz joined Websense in November 2012 as CTO and executive vice
president of product development. He is responsible for the future of Websense
TRITON security technology and product strategy, innovation, and research and
development. Dietz will oversee the worldwide Websense engineering, product
management and security lab teams.

"Russ has a unique combination of business, market, and technology skills that
will prove invaluable as we continue to build upon our innovative TRITON
platform," said McCormack. "Our continued investment in cloud, mobile, data,
and internet security will be enhanced by his leadership and proven success in
these areas. TRITON has set the industry benchmark for best-in-class
integrated content security and I'm confident that Russ can lead our team's
efforts to accelerate our momentum as we enhance this technology platform."

Dietz brings more than 30 years of experience in the technology and security
space to Websense. He has a proven record of success as CTO of multiple
hardware, software and systems security companies, and is a recognized pioneer
and innovator in cloud computing and virtualization security solutions. Dietz
holds more than 20 patents in encryption, authentication and network traffic
behavior and analysis.

"Websense is extremely well-positioned in the marketplace, and I am proud to
join the Websense team," said Russ Dietz, Websense CTO. "I look forward to
extending the company's technology platform as well as expanding its market
leadership. My goal is to drive continued innovation in the delivery of
integrated content security, both in the cloud and through on-premise
appliances, maintaining our corporate commitment that no one stops more
security threats than Websense."

Non-GAAP Financial Measures

This news release refers to earnings per diluted share that is not calculated
in accordance with generally accepted accounting principles (GAAP). Non-GAAP
earnings per diluted share adjusts for the following items: acquisition
related adjustments, share-based compensation expense, amortization of
intangible assets, deferred expenses and certain other items. Management
believes this non-GAAP financial measure provides meaningful supplemental
information regarding our performance that enhances management's and
investors' ability to evaluate the company's operating results, trends and
prospects and to compare current operating results with historic operating
results. A reconciliation of GAAP earnings per diluted share and non-GAAP
earnings per diluted share for the fourth quarter of 2012 will be provided
when our final fourth quarter financial results are released on January 29,

This news release also includes billings which is not a numerical measure that
can be calculated in accordance with GAAP. Websense provides this measurement
in news releases reporting financial performance because this measurement
provides a consistent basis for understanding the company's sales activities
in the current period. The company believes the billings measurement is useful
to investors because the GAAP measurements of revenue and deferred revenue in
the current period include subscription contracts commenced in prior periods.
A reconciliation of billings to deferred revenue for the fourth quarter of
2012 will be provided when final fourth quarter financial results are released
on January 29, 2013.

About Websense, Inc.

Websense, Inc. (NASDAQ: WBSN), a global leader in unified web security, email
security, mobile security, and data loss prevention (DLP), delivers the best
content security for modern threats at the lowest total cost of ownership to
tens of thousands of enterprise, mid-market and small organizations around the
world. Distributed through a global network of channel partners and delivered
as appliance-based software or SaaS-based cloud services, Websense TRITON
content security solutions help organizations leverage social media and
cloud-based communication, while protecting from advanced persistent threats
and modern malware, preventing the loss of confidential information, and
enforcing internet use and security policies. Websense is headquartered in San
Diego, California with offices around the world. For more information, visit

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This news release contains forward-looking statements that involve risks,
uncertainties, assumptions and other factors which, if they do not materialize
or prove correct, could cause Websense's results to differ materially from
historical results or those expressed or implied by such forward-looking
statements. All statements, other than statements of historical fact, are
statements that could be deemed forward-looking statements, including the
estimates of the fourth quarter 2012 results, statements regarding expansion
of sales coverage and expected benefits, billings and growth momentum,
statements regarding the expected contributions of new management, statements
of belief and any statements of assumptions underlying any of the foregoing,
and any statements containing the words "planned," "expects," "believes,"
"strategy," "opportunity," "anticipates" or similar words. The potential risks
and uncertainties which contribute to the uncertain nature of these statements
include, among others, risks associated with expanding Websense's sales force
on a global basis, including hiring and integration related risks, customer
acceptance of the company's products and services, product performance,
launching new product offerings, products and fee structures in a changing
market, the success of Websense's brand development efforts, the volatile and
competitive nature of the Internet and security industries, changes in
domestic and international market conditions, including in continental Europe,
fluctuations in currency exchange rates and impacts of macro-economic
conditions on our customers, ongoing compliance with the covenants in the
company's credit facility, changes in accounting interpretations and the other
risks and uncertainties described in Websense's public filings with the
Securities and Exchange Commission, available at www.websense.com/investors.
Websense assumes no obligation to update any forward-looking statement to
reflect events or circumstances arising after the date on which it was made.

Investor Contact:
Avelina Kauffman
Websense, Inc.
(858) 320-9364

Media Contact:
Patricia Hogan
Websense, Inc.
(858) 320-9393

SOURCE Websense, Inc.

Website: http://www.websense.com
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