SOURCE: St. Bernard

St. Bernard

March 03, 2009 08:00 ET

St. Bernard Appoints Louis Ryan Chief Executive Officer

Ryan Retains Position as Chairman of the Board and Brings New Vision and Leadership to Further the Company's Success

SAN DIEGO, CA--(Marketwire - March 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 led 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, 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."

About St. Bernard

St. Bernard Software develops and markets Internet security appliances and services that empower IT professionals to effectively, efficiently and intelligently manage their enterprise's Internet-based resources. Originally founded in 1995 as a market-leader in data security with its flagship product, Open File Manager™, the company is now recognized for delivering today's #1 Web filtering and security appliance, iPrism®. With millions of end users worldwide in more than 5,000 enterprises, educational institutions, SMB, and government agencies, St. Bernard strives to deliver simple, high performance solutions that offer excellent value to our customers.

Based in San Diego, California, St. Bernard (OTCBB: SBSW) markets its solutions through a network of value added resellers, distributors, system integrators, OEM partners and directly to end users. For more information about St. Bernard Software, visit www.stbernard.com.

©2009 St. Bernard Software Inc. All rights reserved. The St. Bernard Software logo, LivePrism, iPrism, and iGuard are trademarks of St. Bernard Software Inc. All other trademarks and registered trademarks are hereby acknowledged.

This press release may contain forward-looking statements that involve risks and uncertainties, as well as assumptions that, if they prove incorrect, could cause our results to differ materially from 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, among other things, any projections of earnings, revenues (including where the underlying contract has already been signed), or other financial items; any statements of the plans, strategies, and objectives of management for future operations; any statements concerning proposed new products, services, or developments; any statements regarding future economic conditions or performance; statements of belief and any statement of assumptions underlying any of the foregoing. The risks, uncertainties and assumptions referred to above include, among other things, performance of contracts by customers and partners; employee management issues; the timely development, production and acceptance of products and services and their feature sets; the challenge of managing asset levels, including inventory; the flow of products into third-party distribution channels; and the difficulty of keeping expense growth at modest levels while increasing revenues. Announcements of contract awards should not be interpreted as reflecting revenue in any particular period and may relate to revenue recorded in prior periods. These and other risks and factors that could cause events or our results to differ from those expressed or implied by such forward-looking statements are described in our most recent annual report on Form 10-KSB, as well as other subsequent filings with the Securities and Exchange Commission. We assume no obligation and do not intend to update these forward-looking statements.

Contact Information

  • Media contacts:
    Erin Hall / Katie Eakins
    LEWIS PR
    (619) 677-2700
    Email Contact

    Lorrie Hunsaker
    St. Bernard
    (858) 524-2041
    Email Contact