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San Diego, CA - 3/3/2009 - St. Bernard Software, Inc. (OTCBB: SBSW), a leader in Web security appliances, today announced the appointment of Lou Ryan to Chief Executive Officer (CEO) effective January 15, 2009. The appointment follows the resignation of Vincent Rossi, CEO and Acting Chief Financial Officer, to pursue other opportunities. In addition to his appointment as CEO, Ryan will also retain his position as St. Bernard’s Chairman of the Board of Directors, a role he has served since June 2008.
An active member of St. Bernard’s Board of Directors since July 2006, Ryan brings nearly 20 years of executive experience within the software and security industry. He has lead and / or founded several companies, such as Entercept Security Technologies Inc., an intrusion-prevention technology company which was sold to McAfee in 2003, Delrina Corporation, a publicly-traded software company which was sold in 1995 to Symantec Corporation and Borland International, (NASDAQ: BORL) a leading vendor of Open Application Lifecycle Management (ALM) solutions. Ryan is also a board member and early investor of a number of organizations, including Plastic Jungle, a leading site for gift card exchange, Paglo, a leader in on-demand IT management and Foundstone, a vulnerability assessment company which was sold to MacAfee in 2004.
In discussing his appointment, Ryan stated, "I was excited to take on this position for a few reasons. Not only did I recognize an enormous amount of untapped potential within the organization, but I also have numerous ideas about how to add interesting and new value to our iPrism product line." Ryan continued, "St. Bernard is already a recognized leader in the Web filtering market, and I look forward to working with the current management team to advance our position in the industry and keep our solutions evolving to the needs of the future."
In December 2008, Ryan purchased 778,901 shares of St. Bernard stock, representing approximately 5.3% of the Company. "I firmly believe in St. Bernard, and its ability to become an even stronger competitor in the global marketplace," said Ryan. "This personal investment reflects my confidence and commitment to the Company, and, together with a highly-talented team of dedicated employees, I look forward to building a stronger and more prosperous organization."
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Paula Wheeldon
EdgeWave
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pwheeldon@edgewave.com
Erin Hall / Katie Eakins
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sbs@lewispr.com
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