SOURCE: Silver Peak Systems

January 29, 2007 09:00 ET

Silver Peak Raises $17 Million in Series C Financing

Artis Capital Leads Funding Round for WAN Acceleration Supplier

SANTA CLARA, CA -- (MARKET WIRE) -- January 29, 2007 -- Silver Peak Systems, Inc., a leading provider of scalable Wide Area Network (WAN) acceleration solutions, today announced that it has secured $17 million in series C funding, bringing the total investment in the company to $42 million. Artis Capital Management led the latest financing round, which includes investments from existing Silver Peak investors Benchmark Capital, Duff Ackerman and Goodrich LLC, Greylock Partners and Pinnacle Ventures.

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

"In a short period of time, Silver Peak has established itself as a premier provider of scalable and secure WAN acceleration solutions that improve the performance of all enterprise applications," said Stuart Peterson from Artis.

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

About Artis Capital Management

Artis Capital Management manages over $1.5 billion and invests primarily in public companies that deliver or apply emerging technologies. Artis has delivered superior and consistent risk-adjusted returns since its launch in January 2002. Artis also provides capital to premier private technology companies and is committed to being a long-term partner with entrepreneurs.

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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