Packeteer, the global leader in WAN Application Optimization, today announced the company has been cited as one of "100 Sizzling Companies to Watch" in the June 5, 2006 issue of BusinessWeek Magazine
http://www.businessweek.com/hot_growth/2006/index.html. Packeteer joins this prestigious short list of fast growing companies that BusinessWeek credits as "agile and fiercely competitive" after recently surpassing significant milestones that include shipping its 50,000th PacketShaper to more than 7,000 customers worldwide and nine consecutive years of revenue growth with 22% growth in fiscal 2005.
According to BusinessWeek`s criteria for selection to the Hot Growth 100 Companies to Watch, "To win a position in this table, a company must excel in three ways. The selection process begins by ranking companies according to their three-year results in sales growth, earnings growth, and return on invested capital." Packeteer is slated 58th in this year`s rankings.
"As the dominant market share leader in the rapidly growing WAN optimization market, it`s very gratifying to achieve `company to watch` status by one of the most influential business publications in the industry," said Packeteer`s CEO Dave C^ot'e. "With our recent acquisition of Tacit Networks, and release of our 8.0 operating software that integrates application acceleration, visibility, control and compression technologies in a single system, we`re well positioned to offer great application performance for every application."
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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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