Cupertino, Calif. - May 9, 2006 - Packeteer® (Nasdaq: PKTR), the global leader in WAN Application Optimization, today announced that it has signed a definitive agreement to acquire privately held Tacit Networks of South Plainfield, New Jersey. Tacit Networks is a technology leader providing complete branch office infrastructure solutions for organizations pursuing server, storage and resource consolidation to meet cost, security and regulatory compliance objectives.
This acquisition will position Packeteer as a leading supplier in the large and fast growing market segment for "branch office box" solutions that deliver network services, network data reduction and file and bulk data caching for an estimated four million branch offices worldwide.
In connection with this announced acquisition, Brocade Communications (Nasdaq:BRCD) and Packeteer are also announcing a strategic relationship that includes Brocade as Packeteer's exclusive OEM distributor for WAFS products. Brocade Communications is an investor and OEM partner of Tacit Networks.
Tacit Networks is the only supplier that delivers Common Internet File System (CIFS), Wide Area File Services (WAFS), and acceleration technologies plus a complete branch office server replacement solution that includes DNS, DHCP, file and print services, in partnership with Microsoft. This enables the extension of the data center to the branch in one easily managed appliance.
"This acquisition puts Packeteer on the short list for every CIO grappling with server consolidation initiatives and application performance issues that impact the user experience at the branch office," said Dave Côté, president and CEO of Packeteer. "Ideally, enterprises want a complete branch office infrastructure solution from a single supplier to sustain transactional and collaborative application performance at the highest levels possible. Delivering this new combined product and technology solution to the market will allow our customers to realize this vision of superior application performance across their global organizations."
The demand to improve branch office application management is being driven in large part by analyst estimates that greater than 60% of all corporate data exists outside the data center with nearly half of that residing in remote locations. Consequently, there is increasing pressure on IT management to consolidate branch office e-mail, file and application servers without sacrificing application performance, not only to reduce costs, but to comply with increasingly stringent regulatory requirements calling for more data accessibility, regardless of its location. Packeteer's acquisition of Tacit directly addresses this market dynamic.
"Joining Tacit's vision for application performance with Packeteer's will enable the combined organization to solve virtually every networked application performance problem at the branch office," stated Greg Grodhaus, chairman and CEO of Tacit Networks. "The core competencies of each company will combine to create a new, high performance application delivery framework for enterprises actively implementing centralized network architectures."
Packeteer and Tacit Networks plan to work aggressively to fully integrate company operations and the combined product lines. The company's complete vision for branch office application delivery, including WAN Optimization and server consolidation will be announced later in the second quarter.
About Packeteer
Packeteer®, Inc., (NASDAQ: PKTR) is the global market leader in Application Traffic Management for wide area networks. Deployed at more than 7,000 companies in 50 countries, Packeteer solutions empower IT organizations with patented network visibility, control, and acceleration capabilities delivered through a family of intelligent, scalable appliances. For more information, contact Packeteer at +1 (408) 873-4400 or visit the company's web site at
www.packeteer.com.
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Tim hoefsloot – Regional manager Northern Europe
+31.182-358.411 or +31.620.435.473
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Yolande van der Meer – Marketing Manager
+31.182-358.412