PAUL STICH JOINS COUNTERPANE INTERNET SECURITY AS PRESIDENT AND CHIEF OPERATING OFFICER

Ex-IBM Executive adds management strength as company continues to expand its services

CUPERTINO, Calif., February 10, 2003 - Counterpane Internet Security, Inc., developer and acknowledged leader of Managed Security Monitoring (MSM) services, today announced the addition of Paul Stich to its management team. Mr. Stich joins Counterpane as President and Chief Operating Officer, and will be responsible for the sales and delivery of Counterpane's innovative real-time security services. With 24 years of network and IT management experience, Paul leads the teams that protect Counterpane's customers from hackers, insiders, and virus attacks.

"No other security company has a better reputation than Counterpane," says Stich. "With $20 million in the bank and four quarters of record growth, Counterpane is already the premier company in the security monitoring space. I am excited to join such a premier company."

"Counterpane has always been able to attract the best talent, and the addition of Mr. Stich is a testament to that," says Tom Rowley, CEO of Counterpane. "He is an executive with a proven ability to grow an organization."

Before joining Counterpane, Stich was president and CEO of Peak XV Networks, a global network management and engineering firm. Paul's first entrepreneurial success was as co-founder, president, and CEO of Groundswell, a premier Internet consulting firm. Under his leadership, the company grew from 3 to over 225 consultants in five offices across the country. Prior to starting Groundswell, he was a vice president at IBM Global Services, where he was responsible for the telecommunications, media, entertainment, and utility industries for North and South America. Before that, he was a partner at KPMG Consulting, in charge of the National Telecommunications practice.

About Counterpane

Counterpane Internet Security, Inc., is the innovator and acknowledged leader in providing Managed Security Monitoring (MSM) services. MSM combines people and technology to safeguard businesses. Working from a network of technically sophisticated Secure Operations Centers (SOCs) and using progressive analysis tools, Counterpane has built the most advanced analysis, correlation, detection, and diagnosis technology, comprising a Sentry monitoring probe on the customer's network and the Socrates knowledge base inside the SOCs. Using this technology, Counterpane's expert Security Analysts are able to detect security incidents-both external intrusions and insider attacks-in real time, and tailor immediate, effective responses for its customers. The company is funded by Accel Partners, Amerindo Investment Advisors, Inc., Comcast Interactive Capital, LP, Bessemer Venture Partners, Dell Ventures, LP, Meritech Capital Partners, LP, Morgan Stanley Venture Partners and Symphony Technology Group. 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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Counterpane is a trademark of Counterpane Internet Security, Inc. All other companies, brand names or products are trademarks or registered trademarks of their respective companies.