Silver Peak Raises $17M

Silver Peak has secured $17 million in series C funding, bringing the total investment in the company to $42 million

January 30, 2007

1 Min Read
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SANTA CLARA, Calif. -- Silver Peak Systems, Inc.,a leading provider of scalable Wide Area Network (WAN) accelerationsolutions, today announced that it has secured $17 million in series Cfunding, bringing the total investment in the company to $42 million. ArtisCapital Management led the latest financing round, which includesinvestments from existing Silver Peak investors Benchmark Capital, DuffAckerman and Goodrich LLC, Greylock Partners and Pinnacle Ventures.

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

"In a short period of time, Silver Peak has established itself as a premierprovider of scalable and secure WAN acceleration solutions that improve theperformance of all enterprise applications," said Stuart Peterson fromArtis.

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

Silver Peak Systems Inc.

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