BindView Updates Financial Estimates for Third Quarter 2005

BindView Corporation (NASDAQ:BVEW), a leading provider
of IT security compliance solutions, today updated financial
expectations for the third quarter ended Sept. 30, 2005. The Company
estimates revenues for the third quarter of 2005 will range between
$17.7 and $18.1 million, which is lower than its previously announced
estimate of $19.0 and $21.0 million.

   About BindView

   BindView Corporation is a leading provider of proactive IT
Security Compliance software worldwide. BindView solutions enable
customers to centralize and automate Compliance Monitoring,
Vulnerability Management, Identity Administration and Configuration
Management operations across the enterprise. By following established
regulatory guidelines, audit frameworks, technical standards and
industry best practices, BindView solutions enable customers to
implement a policy-based approach toward safeguarding their IT
environments from internal and external threats and vulnerabilities.
The result is improved security and improved compliance auditing
across users, systems, applications, and databases based on Microsoft,
UNIX, LINUX and Novell operating systems. With BindView insight at
work(TM), customers benefit from reduced risk and improved operational
efficiencies with a verifiable return on investment. More than 20
million licenses have shipped to 5,000 companies worldwide, spanning
all major business segments and the public sector. Contact BindView
via e-mail at [e-mail], on the web at
http://www.bindview.com, and at 1-713-561-4000 or 1-800-749-8439.
   Statements in this news release not based on historical fact are
"forward-looking" statements pursuant to the safe harbor provisions of
the Private Securities Litigation Reform Act of 1995. Actual results
could differ materially because of factors such as the risk factors
and other matters described from time to time in BindView's Form 10-K
filings, Form 10-Q filings, and other periodic filings with the
Securities and Exchange Commission, including without limitation the
time required for large transactions to close and the general
willingness of customers to make investments in information
technology.