Network Computing is part of the Informa Tech Division of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them. Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.

Silver Peak Raises $17M

SANTA CLARA, Calif. -- Silver Peak Systems, Inc.,
a leading provider of scalable Wide Area Network (WAN) acceleration
solutions, today announced that it has secured $17 million in series C
funding, bringing the total investment in the company to $42 million. Artis
Capital Management led the latest financing round, which includes
investments from existing Silver Peak investors Benchmark Capital, Duff
Ackerman and Goodrich LLC, Greylock Partners and Pinnacle Ventures.

The new funding will provide working capital to expand day-to-day
operations, including rapid growth in the company's global sales and support
infrastructure.

"In a short period of time, Silver Peak has established itself as a premier
provider of scalable and secure WAN acceleration solutions that improve the
performance of all enterprise applications," said Stuart Peterson from
Artis.

"WAN acceleration has become a top consideration for large enterprises,
helping CIOs address strategic business continuity objectivities and server
centralization initiatives," said Rick Tinsley, president and chief
executive officer of Silver Peak. "As the demand for this technology
continues to surge, we are pleased to have the financial resources firmly in
place to grow the company in accordance with our customers' requirements."

Silver Peak Systems Inc.