Monday, May 8, 2006

Packeteer to Acquire Tacit Networks for Branch Office Box

Packeteer, a supplier of WAN Application Optimization solutions, agreed to acquire privately-held Tacit Networks for for approximately $78 million in cash, plus the assumption of vested and unvested Tacit stock options.

Tacit, which is based in South Plainfield, New Jersey, provides branch
office infrastructure solutions for organizations pursuing server, storage and resource consolidation. Tacit's solution delivers Common Internet File System (CIFS), Wide Area File Services (WAFS), and acceleration technologies plus a complete branch office server replacement solution that includes DNS, DHCP, file and print services, in partnership with Microsoft. This enables the extension of the data center to the branch in one managed appliance.

In connection with this announced acquisition, Brocade Communications and Packeteer are also announcing a strategic relationship that includes Brocade as Packeteer's exclusive OEM distributor for WAFS products. Brocade Communications is an investor and OEM partner of Tacit Networks.

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