WatchGuard Appoints New CEO

SEATTLE -- WatchGuard Technologies, Inc. (Nasdaq:WGRD - News), a leading provider of Internet security solutions, today announced the appointment of Edward J. Borey as Chairman of the Board and Chief Executive Officer, effective immediately. Steve Moore, a founder of the Company who had been serving as interim CEO, will continue to serve on the Board of Directors and will actively assist Mr. Borey with the transition.

Mr. Borey was most recently Chief Executive Officer and President of PSC, Inc., where he built the company into a global provider of data capture technology and services. He previously served as Executive Vice President and Chief Operating Officer at Intermec Technologies Corporation, a subsidiary of Unova, Inc. (NYSE:UNA - News), a leading provider of global supply chain solutions, mobile computing systems, RFID, and wireless data collection. At Intermec, Mr. Borey led the integration of five separate companies, increasing revenues from $350 million to a profitable $800 million during his tenure. Mr. Borey also held executive positions at the Graphics Group of Paxar Corporation (NYSE:PXR - News), Monarch Marketing Systems, formerly a subsidiary of Pitney Bowes (NYSE:PBI - News), Datachecker Systems Inc., formerly a subsidiary of National Semiconductor (NYSE:NSM - News), Nixdorf Computer Company, currently Siemens AG (NYSE:SI - News), and others. He currently serves as a Director on the Board of Arotech Corp (Nasdaq: ARTX - News). Mr. Borey received an MBA from the University of Santa Clara in 1983, an MA in Management from the University of Oklahoma in 1979, and a BA in Economics and Political Science from the State University of New York in 1972.

"I am extremely excited to be joining a strong team," said Ed Borey. "WatchGuard has a great foundation in our people, technology, and worldwide distribution capabilities. We plan to build on this strong foundation to capitalize on the significant opportunity in the small- to medium-sized enterprise market, the fastest growing segment in security. We are seeing the further integration of other security technologies onto the firewall/VPN appliance platform and WatchGuard is at the forefront of bringing a truly innovative and upgradeable solution to the SME customer. With the introduction of our new Firebox X and security-on-demand strategy, we are at a very exciting juncture in WatchGuard's history."

WatchGuard Technologies Inc.