CUPERTINO, Calif. -- Packeteer (NASDAQ: PKTR), the global leader in WAN application delivery, today announced the opening of new company subsidiaries in Mexico and Brazil to meet growing product demand by allocating more customer service and partners resources in Latin America. These wholly-owned Packeteer subsidiaries are incorporated under local laws to offer superior regional support and address the unique business operations requirements of each country.
At the same time, Packeteer today announced the appointment of Alex Maduro as its new director of Latin American sales. As a seven-year veteran of Packeteer in Latin America, Mr. Maduro has been instrumental in expanding Packeteers business presence and establishing the companys channel sales operation in Latin America. With the appointment of Mr. Maduro and the opening of these subsidiaries in Mexico and Brazil, Packeteer now has a local presence in nearly every country and region in Latin American, including Puerto Rico, Colombia, Peru, Ecuador, Chile, Argentina, Venezuela, Panama and Costa Rica.
Mexico and Brazil represent critical mass in the Latin American market and the opening of our new subsidiaries in these countries demonstrates a significant commitment to our regional customers and partners, said Wayne Bergland, Packeteers vice president sales Americas. By establishing new subsidiaries in Brazil and Mexico, Packeteer is well positioned to increase its influence in the fast growing Latin American market by providing more training centers, local support and new business development resources.