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What Financial Crisis?: Websense Safe Behind Tech's Teflon Curtain, Says CEO
Posted Sep 22, 2008 12:11pm EDT by Aaron Task in Internet, Software and Services, Products and Trends, RecessionIt's been an unprecedented few weeks on Wall Street, with the credit crisis coming home to roost via record market losses and gains, unexpected bank buyouts and mergers, and, potentially, the biggest federal bailout in history.
How has the turmoil affected the tech sector?
For my guest, Websense CEO Gene Hodges, not much: "It's the biggest non-recession I've ever seen," he says in the accompanying video, which was recorded last week. That's partly because Websense, which provides Web security and data-loss prevention software to corporate clients, has been largely unexposed in beleaguered financials -- exhibiting what Hodges calls "the blessing of diversification."
As a result, his company continues to perform well for its launch of a new product designed to protect Web 2.0 properties and their users from malicious attacks. Domestically, Websense has 20% of the $1.4 billion Web security market, while 57% of its business is outside the United States. In addition, Hodges predicts up to 20% growth over the next few years.
3 Comments
__A_YAHOO_USER__ - Monday September 22, 2008 01:05PM EDT
I dont see any recession in the whole sector of the economy.....Except what happening speculative way to get money by hedging against the company share or go short selling by selling it to make the share down and to create panic........Sadly the victim is Bank. Commercial Bank,Investment Bank,Domestic Bank and Small Bank...I wished that system will be stopped for god....I hope all government in the civilized world declare it illegal.....Will it happen again ...yes .........not unless it will be declare illegal....
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georgeg - Monday September 22, 2008 12:22PM EDT
This guy needs to get a clue..... NON RECESSION...Beer sells in every economy. He has a good product and that is great but NON RECESSION