Watchguard Technologies, Inc. Announces Initial Public

Offering Seattle, Washington (ots-PRNewswire) - WatchGuard Technologies, Inc. (Nasdaq: WGRD), a provider of Internet broadcast security solutions, today announced the initial public offering of its common stock on the Nasdaq National Market under the trading symbol WGRD. The initial public offering price for the 3,500,000 shares in common stock offered by the company is $13.00 per share. Six selling stockholders have granted the underwriters an option to purchase up to an additional 525,000 shares at the initial public offering price to cover over-allotments, if any. WatchGuard will not receive any of the proceeds from the sale of common stock by the selling stockholders. The offering is made through an underwriting group managed by Dain Rauscher Wessels, Warburg Dillon Read LLC, SoundView Technology Group and Wit Capital Corporation. A registration statement relating to these securities has been filed with and declared effective by the Securities and Exchange Commission. This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of these securities in any state in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state. A copy of the final prospectus relating to the offering is available from Dain Rauscher Wessels, 60 South Sixth Street, Minneapolis, MN 55402, 612-371-2800; Warburg Dillon Read LLC, 299 Park Avenue, New York, NY, 10171, 212-821-3700; SoundView Technology Group, 22 Gatehouse Road, Stamford, CT, 06902, 203- 462-7200; Wit Capital Corporation, 826 Broadway, 6th floor, New York, NY 10003, 800-452-4340. About WatchGuard Technologies WatchGuard is a leading provider of dynamic, comprehensive Internet security solutions designed to protect small- to medium- sized enterprises, or SMEs -- those businesses, governmental entities and educational institutions with fewer than 1,000 employees -- that use the Internet for electronic commerce and communications. WatchGuard's innovative LiveSecurity solution enables SMEs to keep their security systems current with minimal effort through its broadcast of threat responses, software updates and information alerts over the Internet. Businesses can manage their own Internet security using the WatchGuard LiveSecurity System(TM) or outsource their security management to an ISP implementing LiveSecurity for MSS(TM). For more information, call 206-521-8340 or visit WatchGuard at www.watchguard.com. NOTE: WatchGuard is a registered trademark of WatchGuard Technologies, Inc. in the United States, Norway, New Zealand and Japan, and is trademarked in other countries. Firebox and LiveSecurity are trademarks of WatchGuard Technologies, Inc. Contact: Steve Moore, Chief Financial Officer of WatchGuard Technologies, Inc., 206-521-8340; or Jeff Howlett, Investor Relations of StreetConnect, 206-320-1231. ots Original Text Service: WatchGuard Technologies, Inc. Internet: http://www.newsaktuell.de Contact: Steve Moore, Chief Financial Officer of WatchGuard Technologies, Inc., (USA) 206-521-8340; or Jeff Howlett, Investor Relations of StreetConnect, (USA) 206-320- 1231 Company News On-Call: http://www.prnewswire.com/comp/128128.html or fax, 800-758-5804, ext. 128128 Web site: http://www.watchguard.com Subscribers please note that material bearing the slug "PROTEXT" is not part of CTK's news service and is not to be published under the "CTK" slug. Protext is a commercial service providing distribution of press releases from clients, who are identified in the text of Protext reports and who bear full responsibility for their contents. PROTEXT