WebTrends

Prospectus Summary

This summary highlights only selected information contained elsewhere in this Prospectus. Before making an investment in WebTrends' Common Stock, you should read this entire Prospectus and the Financial Statements and Notes, all of which should be consulted when reading this Summary. Except where noted otherwise, all information in this Prospectus, including share and per share information, assumes (1) the automatic conversion of all outstanding shares of Class B Common Stock into shares of Common Stock upon completion of this Offering; and (2) no exercise of the Underwriters' over-allotment option. See "Description of Capital Stock" and "Underwriting."