May 02, 2007 23:40 ET

WebSpy Wins 2007 Consensus Software Award

PERTH, AUSTRALIA -- (MARKET WIRE) -- May 2, 2007 -- WebSpy Ltd (ASX: WSY), an Australian developer of internet monitoring and management software, was last night named a winner of the prestigious 2007 Consensus Software Award.

The Consensus Software Awards program showcases Australia's finest software developers and their technology. The Award is based on the criterion of innovation; the ability to perform; and market potential.

Presenting the award was the Hon. Gary Nairn, Australian Federal Special Minister for State together with representatives from Microsoft and IBM who are major sponsors of the event.

Webspy's CEO Jack Andrys, COO Lagis Zavros and Development Manager Scott Glew attended the Sydney-based presentation dinner together with over 300 industry members.

WebSpy's Chief Operating Officer, Lagis Zavros, said, "Receiving this Consensus Award is great testament of our software development efforts and our ability to take a home-grown product to the world market successfully."

Zavros added, "This Consensus Software Award is particularly significant because it recognizes our product innovation, performance and execution as evaluated by an independent panel of industry experts."

The panel commented that "The WebSpy team has overcome the need of network managers to use different analysers for each log file reporting requirement by developing 'Vantage,' a log analysis application that intelligently and efficiently imports and analyses different types of log files, taking raw data and converting it into meaningful, actionable information for managers. True innovation."

WebSpy's winning entry, WebSpy® Vantage, allows analysis against any type of security device, enabling clients to import log files that their Internet proxy, firewall, cache device or mail server generates, then analyse data to generate and export various levels of activity-based reports. WebSpy® Vantage has been developed using the Microsoft .NET platform and is specifically designed to act as the ubiquitous analysis and reporting management tool for organizations that want to obtain tighter control and protection of their internet investments in increasingly complex network environments.

About WebSpy Ltd

WebSpy has been established for 11 years with over 5500 active customers and offices strategically located in the United States, United Kingdom and Australia. An extensive network of appointed Resellers and Distributors are supported by teams based in those regions. WebSpy provides management tools that enable organizations to make informed decisions to help mitigate risk and maximize productivity. With an ever increasing threat to organizations from internal Internet misuse, WebSpy helps to limit and control recreational use of the Internet at work.

For all other information please visit our website at or contact the WebSpy Head Office on: +61 8 9321 3322

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