THE WORLD ECONOMIC FORUM DESIGNATES TECHNOLOGY PIONEERS FOR 2002: TOM ROWLEY, CEO, COUNTERPANE INTERNET SECURITY, INC. SELECTED

CUPERTINO, California - January 15, 2002 - At its 2002 Annual Meeting in New York City, the World Economic Forum announced the designation of its Technology Pioneers 2002. Tom Rowley, President and CEO of Counterpane Internet Security, Inc. will be among the 70 selected Technology Pioneers invited to participate in this year's special program. Technology Pioneers are chief executives who are developing and applying the most innovative and transformational technologies. Their cutting-edge work in fields such as proteomics, peer-to-peer renewable energy and Internet infrastructure represents an enormous resource of entrepreneurial talent. This dynamic group is at the forefront of change in a variety of technology sectors.

In line with the Forum's commitment to improving the state of the world, the Technology Pioneers program was established in 2000 to provide a new perspective on technological change. By bringing these chief executives together with scientists, academics, NGOs, and Forum members and partners, the Forum hopes to shed new light on how technology can be used to stimulate medical breakthroughs, create economic growth and enhance global communication. The Forum will also engage these entrepreneurs in dialogue on important global issues such as ethics, privacy and bridging the digital divide.

Each year Technology Pioneers are nominated by members, constituents and collaborators of the World Economic Forum. Technology Pioneers from prior years are re-evaluated according to the same strict selection criteria, which include:

1. Innovation. The company must be truly innovative. A new version or repackaging of an already well-accepted technological solution does not qualify as an innovation. The innovation should be recent ­ not more than two years old. The company should invest significantly in R&D.
2. Growth and Sustainability. The company should have all the signs of a long-term market leader and should have well-formulated plans for future development and growth.
3. Proof of Concept. The company must have a product on the market or have proven practical applications of their technology. Companies in "stealth" mode and companies with untested ideas or models will not qualify.
4. Leadership. The company must have visionary leadership that plays a critical role in driving the company towards reaching its goals.
5. Status. The company must not currently be a Member of the World Economic Forum. This criterion applies to the parent company ­ thus wholly owned subsidiaries of large firms are not eligible.
6. Potential Impact. This company must have the potential to have a substantial long-term impact on business and society in the future. Nominees are evaluated by an external review committee comprised of technology experts with respect to the criteria above.

One of this year's Technology Pioneers is Tom Rowley, President & CEO of Counterpane Internet Security, Inc. Mr. Rowley co-founded Counterpane with Bruce Schneier, a renowned information security expert, author, and cryptographer. They developed a new method of monitoring enterprise networks for anomalies and intrusions from hackers. This business model of vigilantly monitoring networks, detecting intrusions as they occur, and rapidly responding to remedy those intrusions, has grown rapidly since its inception. This has allowed enterprises to conduct business electronically on the Internet while significantly reducing the business risks. It is a unique service that blends the best of computer and security technology with highly trained and skilled security analysts who interpret the monitoring results to quickly and accurately determine the appropriate course of action.

"I am very honored to be have been nominated and selected as a Technology Pioneer by the World Economic Forum," said Tom Rowley, President & CEO of Counterpane Internet Security, Inc. "My career and avocations have always involved developing and working with new technologies and then creating companies and markets that are in line with those interests. At Counterpane, we have combined the best technologies, the most advanced processes and the most highly skilled people to create a level of security that was previously unavailable. Counterpane is quickly becoming a great commercial success, which makes me very proud. To be recognized by the Forum for these achievements makes it extraordinarily special."

Rowley is an entrepreneurial leader with strong marketing and engineering management skills. He has been at the helm of several significant starts-ups in the Silicon Valley, including Veridicom, Inc., National Semiconductor, plus pioneering voice-messaging technologies at Centigram Communications, Voysys Corporation and Prompt Communications. Under Rowley's leadership, Counterpane was selected as a 2001 Laureate of the Computerworld Honors Program. Rowley holds a BEEE from Manhattan College and has also done graduate work for a Masters Degree in Computer Science at University of Maryland. Rowley holds two patents with the United States Patent Office.

The uniqueness of the Technology Pioneer network ensures that key entrepreneurs are engaged in an integrated and interdisciplinary way, drawing on the diversity, creativity and dynamism of each individual. The Technology Pioneers community will provide the Foundation and its members with in-depth knowledge of some of the key technology issues facing society.

About The World Economic Forum

The World Economic Forum (www.weforum.org), based in Geneva, Switzerland, is an independent organization committed to improving the state of the world. Funded by the contributions of 1,000 of the world's foremost corporations, the Forum acts in the spirit of entrepreneurship in the global public interest to further economic growth and social progress. The Forum serves its members and society by creating partnerships between and among business, political, intellectual and other leaders of society to define, discuss and advance key issues on the global agenda.

Incorporated in 1971 as a foundation, the World Economic Forum is impartial and not-for-profit, and is tied to no political, partisan or national interests. In 1995 the Forum was awarded NGO consultative status with the Economic and Social Council of the United Nations.

About Counterpane

Counterpane Internet Security, Inc. is the developer and leading provider of Managed Security Monitoring. Established in 1999 by entrepreneurial expert Tom Rowley and security technologist and author Bruce Schneier, Counterpane addresses the critical need for increased levels of security services. Centered on a network of sophisticated Secure Operations Centers, staffed by expert security analysts, the Company provides 24x7 monitoring, as well as penetration detection and response. Counterpane's Managed Security Monitoring services enable e-business to be conducted safely. The company is funded by Accel Partners, Amerindo Investment Advisors, Inc., Bessemer Venture Partners, Dell, Deutsche Bank, Goldman Sachs, and Morgan Stanley Dean Witter Equity Fund. Headquarters are located at 1090 La Avenida, Mountain View, California, USA. Phone: 650-404-2400, Fax: 650-903-0461, Website: www.counterpane.com.

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