IT Wise, the Sub-Saharan distributor for Packeteer, today announced that the latter has been cited as one of `100 Sizzling Companies to Watch` in the 5 June 2006 issue of BusinessWeek Magazine.
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 at 58 in this year`s rankings.
"As the dominant market share leader in the rapidly growing WAN optimisation market, it`s very gratifying to achieve `company to watch` status by one of the most influential business publications in the industry," commented 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 further information, please contact Kobus Snyders at telephone (012) 665 2204; fax (012) 665 2918; e-mail kobus@itwise.co.za.
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Packeteer Inc, founded in 1996 and headquartered in Cupertino, California, is the pioneer and global leader in WAN application traffic management. Packeteer`s PacketShaper product line consolidates network visibility, bandwidth management and quality of service capabilities, application acceleration and centralised management functions into a single, easy to deploy device. Packeteer solutions are sold through a global network of partners, distributors and system integrators, and are backed by a 24x7 global service and support organisation.
IT Wise
IT Wise, a South African company, is the sole Sub-Saharan Africa distributor for US-based Packeteer.
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