NetScaler Secures $35 Million Investment From Top-Tier Investors; Goldman Sachs Leads Group of Investors Including Bay Partners and Mellon Ventures

Business Wire, Oct 4, 2000

Business Editors/High-Tech Writers

SANTA CLARA, Calif.--(BUSINESS WIRE)--Oct. 4, 2000

NetScaler, the leading provider of Internet infrastructure solutions that enable Quality of eXperience (QoX), announced today that it has secured a $35 million investment round led by Goldman, Sachs & Co. Bay Partners and Mellon Ventures along with existing investors Gabriel Venture Partners and Credit Suisse First Boston also participated in the investment. Ankur Sahu of Goldman Sachs' Principal Investment Area will join NetScaler's board of directors.

NetScaler will use the investment to further develop and pioneer new generations of Internet infrastructure devices and applications based on its patent-pending Web Transaction Management (WTM) architecture.

NetScaler's WTM architecture is the base platform for Internet devices, such as NetScaler's WebScaler Internet accelerator, that advance Internet Quality of eXperience by accelerating end-user response time and protecting Web transactions from traffic surges and distributed denial-of-service attacks.

"In the dynamic Internet infrastructure market, Netscaler has developed a unique technology with tremendous potential to enhance customer retention at Web sites and improve the end-user experience," said Ankur Sahu, of Goldman Sachs. "NetScaler's WTM technology is the underlying platform for a number of exciting Internet applications and services under development that are very much needed in the marketplace."

"NetScaler has assembled a blue-chip organization including one of the industry's leading TCP/IP technical teams," said Bob Williams, General Partner of Bay Partners. "NetScaler possesses crucial differentiators in its people and ideas, as well as its core technology for advancing the Internet quality of experience that all e-businesses need to deliver."

The NetScaler team includes leading Internet technologists from Exodus, Sun and other successful technology companies with significant expertise in Internet infrastructure, networking and large-scale server systems. Key NetScaler executives include Chairman of the Board and Chief Strategy Officer Michael Susai (Sun and Unisys), newly appointed President and Chief Executive Officer B.V. Jagadeesh (Exodus Communications co-founder) and Vice President of Engineering Rajiv Sinha (Harris, Lynx and Unisys).

"Our world-class team and patent-pending Web Transaction Management architecture, combined with our impressive results to date, have enabled us to attract the support of premier investors," said B.V. Jagadeesh, President and CEO of NetScaler. "The people and financial resources are in place to execute on our founding vision to advance Internet quality of experience by transforming the Web from a connection-based to a transaction-based medium."

About NetScaler

NetScaler is a leading provider of Internet infrastructure solutions that enhance the efficiency, performance and availability of Web and Internet services at the origin and edge of the network to advance Internet Quality of eXperience (QoX). NetScaler is headquartered in Santa Clara, CA. For more information, contact NetScaler at 408-330-9200, www.netscaler.com or info@netscaler.com.

Note to Editors: WebScaler, Web Transaction Management, and QoX are trademarks of NetScaler, Inc.