Kavado Appoints Technology Industry Veteran Vikram K. Desai as President and CEO

New York City-May 19, 2004-Kavado Inc., a leader in Web application security, today announced the appointment of technology industry veteran Vikram K. Desai as President and Chief Executive Officer.

Desai has nearly twenty years of consistent success in the communications, hardware and software industries. Most recently, as Chief Operating Officer of Radware (NASDAQ: RDWR), Desai led the company to record customer growth, fueled by successful expansion into the application security market, and the establishment of key strategic relationships with blue chip customers. Desai’s successful reformulation and execution of winning sales, marketing and distribution strategies resulted in nine consecutive quarters of double digit growth, returned the company to profitability, and increased shareholder equity 140%.

Prior to joining Radware, Desai held executive management positions with several publicly traded companies, including Global Crossing, WorldCom, ICG Communications and MCI Communications Corporation. Desai graduated from the University of Connecticut where his entrepreneurial style and accomplishments were recognized by BusinessWeek for initiating several successful start-ups.

“I am excited to be a part of the team and look forward to accelerating Kavado’s growth in a rapidly evolving market”, said Desai. “The ability to secure sensitive data underlying Web applications is of paramount concern to enterprises worldwide. Kavado’s powerful suite of integrated Web application security solutions has generated solid traction in markets that demand mission critical performance. I look forward to building upon this strong foundation.”

“Vik is a terrific addition to the company and we’re delighted to have him on board,” said Karen White, who serves on the Board of Directors of Kavado and is a General Partner at Pequot Ventures. “Kavado is poised for tremendous growth and Vik’s unique blend of executive management, technology and security industry background makes him an ideal leader for the team.”

“International markets have been critical to Kavado’s growth, said Jon Edington of 3i, an investor in Kavado. “Vik’s track record of multinational business leadership makes him a great fit as the company leverages its early success to achieve global market leadership.”

About Kavado, Inc.
Founded in 2000, Kavado is a leading provider of Web application security solutions. The company’s security products are used to protect organizations from the hostile manipulation of Web-enabled applications to steal, modify or delete critical data. Having been chosen by some of the world’s leading financial services firms, healthcare providers, pharmaceutical manufacturers, and government institutions, the company’s award winning integrated security suite of scanning and firewall products provides a process-oriented approach to identify and protect from application layer security threats.

Headquartered in New York City, with offices in the United Kingdom, France, Israel and throughout the United States, Kavado is a privately held corporation funded by Banc of America Equity Partners, Platinum Neurone Ventures, Pequot Ventures and 3i. For additional information, visit www.kavado.com or contact the company at 212-302-2400.

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