Red Herring Names CyberMedia `Best IPO of the Year'
Honored for Outstanding Performance at Venture Market West Conference
MONTEREY, Calif., May 6 /PRNewswire/ --The Red Herring, the leading technology and business magazine, yesterday honored CyberMedia Inc. (Nasdaq:CYBR) for outstanding financial performance and awarded the company "Best IPO in 1996" at the Venture Market West conference in Monterey, CA.
The Venture Market West 1997 awards ceremony honors companies that were the most successful in furthering their business goals one year after attending the
1996 conference. ``Venture Market West gives rising young companies an opportunity to showcase their potential to the investment community. The awards
ceremony acknowledges the businesses that reached their potential with help from the relationships made at Venture Market West 1996,'' said Tony Perkins, CEO
and editor-in-chief of Herring Communications. ``Not only did CyberMedia have a successful IPO, raising $40 million, but revenues increased remarkably in the
past year, and the company continues to grow.''
``Last year, when we presented at Venture Market West, CyberMedia was privately held, had about 40 employees, one product, and 1995 annual revenues of
$5.5 million,'' said CyberMedia CEO and President Unni Warrier. ``Today we have grown exponentially - with over 185 employees, three bestselling software
products and revenues of $16.5 million in the first quarter of 1997. We also successfully shipped International versions in six countries, and our products are now
pre-installed in the latest hardware designs from leading PC makers like Sony, AST, NEC-Packard Bell and Fujitsu. Presenting at Venture Market West helped
draw additional attention to CyberMedia and forge industry relationships -- it clearly contributed to our early and rapid success.''
After an initial public offering in October 1996, CyberMedia posted third quarter 1996 revenue growth of 734%, over third quarter 1995 revenues, placing it well
ahead of every other software company. CyberMedia was ranked the fastest-growing software company in America for that quarter by Broadview Associates and
Standard & Poor's Compustat.
Other companies recognized at the event were VeriSign, for Best Strategic Financing and 3Dlabs for Best Aftermarket Performance in an IPO.
About Venture Market West
Venture Market West is produced by Herring Communications, Inc., a San Francisco-based publishing company specializing in high-level business information on
technology and entertainment. The company delivers this information to a worldwide audience of executives, entrepreneurs and investors via The Red Herring and
Hits magazines, The Red Herring Direct Online news Service and two international conference series. For information on the Venture Market Conference series,
visit www.herring.com.
About CyberMedia
CyberMedia is the leading supplier of automatic service and support solutions for PC users. CyberMedia mission is to empower computer users to fix computer
problems on their own -- before they need to call technical support hotlines for help. The company's ActiveHelp product line includes First Aid, Oil Change,
Uninstaller and the Tech Support Yellow Pages.
CyberMedia's products are distributed in over 10,000 retail stores in the United States, from WalMart to CompUSA; internationally in Germany, Canada, Italy,
France, Austria, Switzerland, the United Kingdom and Australia; via OEM distribution partners including AST, Sony, Fujitsu, Packard Bell-NEC and Phoenix
Technologies; and on the Internet through America Online, C/NET, leading online resellers, and CyberMedia's web site.
Founded in 1991, CyberMedia (NASDAQ:CYBR) employs over 185 with company headquarters at 3000 Ocean Park Boulevard, Suite 2001, Santa Monica,
CA and offices in San Jose, CA. To order, call 800/721-7824 or visit the CyberMedia web site at http://www.cybermedia.com.
Giselle Bisson
Public Relations Manager
CyberMedia, Inc.
3000 Ocean Park Blvd.
Santa Monica, CA 90405
310-581-5961
giselle@cybermedia.com
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