St. Bernard Announces Operational Growth in Lagging Economy
Ten Percent Hiring Increase Will Support Local Development Team
SAN DIEGO, CA--(Marketwire - August 18, 2009) - St.
Bernard Software, Inc. (OTCBB: SBSW), a leader in Web security appliances, today announced a ten percent
hiring increase that will support the transition from international to
local Development efforts on its iPrism Web Filter, and enable the Company
to expedite execution on its product strategy.
Although the current state of the economy has forced many local technology
companies to scale back resources and minimize overhead, St. Bernard is
among the few companies positioned to initiate expansion of its local
employee base by investing in new Engineering talent. This growth will be
focused on supporting the Company's product roadmap, which calls for a
combination of both new technology development and an expanded business
strategy for existing and new markets.
"Despite economic challenges that are having an impact on many local
technology companies, we are poised for growth," said Lou Ryan, CEO of St.
Bernard. "Part of this success can be attributed to our reputation in the
Web filtering market space,
and the fact that our technology continues to be in high demand. St.
Bernard's investment in local Engineering resources further demonstrates
our confidence in our technology roadmap and the future direction of the
Now with over 5,000 active subscribing customers, St. Bernard recently
announced its second quarter earnings results. Highlights included
-- Generated positive cash flow
-- Produced profit from operations
-- Increased subscription revenues 8%
-- Increased gross profits 9%
-- Increased research and development investment 17%