SOURCE: Silver Peak Systems

January 15, 2008 09:00 ET

Silver Peak Raises $21 Million in Series D Financing

SANTA CLARA, CA--(Marketwire - January 15, 2008) - Silver Peak Systems Inc., a leading provider of scalable Wide Area Network (WAN) acceleration solutions, today announced that it has secured $21 million in series D funding, bringing the total investment in the company to $63 million. The latest round of funding includes investments from Artis Capital Management, Benchmark Capital, Duff Ackerman and Goodrich LLC, Greylock Partners, J. & W. Seligman & Co, and Pinnacle Ventures.

The new funding will provide working capital to expand all areas of the company's global business, including engineering, sales, marketing and support.

"WAN acceleration is essential to the success of a variety of key IT initiatives, from server centralization and virtualization to data backup and recovery," said Rick Tinsley, president and chief executive officer of Silver Peak. "As data volumes increase, so too does the demand for a scalable WAN acceleration solution. The latest financial investment, coupled with the company's unique technology, puts Silver Peak in an ideal position to capitalize on this burgeoning market."

About Silver Peak Systems Inc.

Silver Peak facilitates the centralization of servers and storage by improving application performance across a Wide Area Network (WAN). With the company's award winning NX family of WAN acceleration appliances, enterprises can improve disaster recovery in data centers and reduce "server sprawl" in branch and remote offices. Silver Peak delivers exceptional, transparent performance improvements for all enterprise applications, including data replication, backup, file transfers, email, web and real-time applications such as Citrix and VoIP. For more information, visit

NOTE: Silver Peak Systems, the Silver Peak logo, Network Memory and Silver Peak NX Series are trademarks of Silver Peak Systems Inc.

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