WebSideStory Announces Initial Public Offering of Common Stock

WebSideStory, Inc. (NASDAQ:WSSI) today announced the pricing on September 27, 2004 of its initial public offering of 5,000,000 shares of its common stock at a price to the public of $8.50 per share. Selling stockholders of WebSideStory have granted to the underwriters a 30-day option to purchase up to an additional 750,000 shares at the initial public offering price to cover over-allotments, if any. The shares will be listed on the Nasdaq National Market under the symbol "WSSI."

Friedman, Billings, Ramsey & Co., Inc. and RBC Capital Markets are acting as joint book runners and as co-lead managers for the offering. William Blair & Company L.L.C. and Roth Capital Partners, LLC are acting as co-managers for the offering.

The offering of the securities is made only by means of a prospectus, copies of which, when available, may be obtained from RBC Capital Markets at Two Embarcadero Center, Suite 1200, San Francisco, CA 94111 and from Friedman, Billings, Ramsey & Co., Inc. at 1001 Nineteenth Street North, 18th Floor, Arlington, VA 22209.

A registration statement relating to these securities was declared effective by the Securities and Exchange Commission on September 27, 2004. This press release shall not constitute an offer to sell or the solicitation of an offer to buy these securities, and there shall be no sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

WebSideStory is a leading provider of on-demand Web analytics services. WebSideStory's services collect data from web browsers, process that data and deliver reports of online behavior to the company's customers on demand. WebSideStory is a registered trademark of WebSideStory, Inc.