Blue Coat to Revamp PacketShaper

SUNNYVALE, Calif. -- Blue Coat Systems, Inc. (Nasdaq: BCSI), the leader in WAN Application Delivery and Secure Web Gateway, today announced its initial plans to sell, support, and enhance the PacketShaper product once it completes the expected acquisition of Packeteer, Inc. (Nasdaq: PKTR). Blue Coat announced its intent to acquire Packeteer on April 21, 2008 and commenced its tender offer for the acquisition on April 30, 2008.

Blue Coat considers the PacketShaper product and its underlying technology and functionality a strategic technology and intends to invest significantly in its future. PacketShaper can identify and classify discrete applications, while providing the optimization needed to ensure applications use network resources properly. Blue Coat intends to enhance and expand the application identification and classification capabilities of PacketShaper and maintain it as a standalone product. Blue Coat also plans to explore extending the interoperability between PacketShaper and its own Blue Coat® ProxySG® family of appliances, based upon a closer analysis and feedback from customers. Blue Coat will also investigate using PacketShaper technologies in future products.

“The Packeteer PacketShaper appliance is a great product with a strong and well-deserved reputation,” said Brian NeSmith, president and chief executive officer, Blue Coat Systems. “We plan to rejuvenate the product to extend its life long into the future as a standalone product and build upon the capabilities of the PacketShaper and ProxySG appliances to solve the challenges of WAN Application Delivery.”

Blue Coat Systems Inc.