Websense (Nasdaq:WBSN) has been able to weather the market’s recent storm.

The San Diego-based company was founded in 1994 as NetPartners Internet Solutions, a reseller of computer security products. The organization changed its name to Websense in 1999 and had an IPO the following year.

Today it provides Web filtering solutions as well as Web and desktop software to a global base of clients. These solutions allow clients to protect confidential information from external Web-based attacks, such as spyware and phishing. They also enable Websense clients to track and manage how their employees utilize the Internet.

Websense divides its portfolio of offerings into three separate product lines. Its Web security product line focuses on helping companies to manage employees' use of the Internet by filtering access to websites and providing options for identifying risks associated with employee Internet usage. The data security product line assists clients in protecting confidential information from internal threats such as employee error or undetected malicious code. Websense’s messaging security products include email filtering solutions that provide protection from spam and viruses.

A major change to the business structure of Websense occurred in October of last year when the company completed the acquisition of one of its biggest competitors, SurfControl. This transaction served to bolster Websense’s email security software and hosted Web and email security solution offerings.

In July, the company reported its second-quarter results that included revenue of $73 million versus $50.4 million in the second quarter of 2007. Embedded in this amount was approximately $19 million from new or renewal SurfControl subscriptions and revenue recognized from the deferred revenue acquired from SurfControl. Websense checked in with a net loss of $8.2 million, or $0.18 per diluted share, for the second quarter of 2008. In the second quarter of 2007, the company posted . . .

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