Packeteer Named 2005 Network Computing Well-Connected Award Finalist; Company's PacketShaper Xpress 2500 and PacketShaper Xpress 6500 Receive Top Honors in the Best WAN Accelerator Category

Business Wire, April 11, 2005

CUPERTINO, Calif. -- Packeteer(R), Inc. (Nasdaq:PKTR), the pioneer and global leader in WAN Application Traffic Management, today announced the PacketShaper Xpress 2500 and PacketShaper Xpress 6500 have been named 2005 Network Computing Well-Connected award finalists by CMP Media LLC's Network Computing magazine. The PacketShapers were selected in the Best WAN Accelerator category for the core area of Infrastructure for their proven ability to improve application performance.

"We are delighted to be a recipient of the 2005 Well-Connected award," said David Puglia, vice president of marketing for Packeteer. "Being named as a finalist further validates Packeteer's leadership in WAN optimization technology and reinforces the value our customers obtain with our industry leading solutions."

Packeteer delivers WAN Application Traffic Management via intelligent appliances at the LAN/WAN interface. This helps enterprises maximize IT investments by aligning network applications and resources with business needs, providing significant cost savings in the process. The Packeteer system protects and accelerates key business applications and controls malicious, recreational and other non-business traffic.

Packeteer's Application Traffic Management solutions automatically detect more than 450 applications running on an enterprise WAN and allow users to set policies and partitions to ensure that critical applications get the network resources they need to perform optimally. With its multi-algorithm compression, Packeteer also ensures that each traffic type is compressed by the algorithm that enhances its performance most, with users seeing up to 10X compression on some traffic types.

"For the 11th year in a row, Network Computing will be recognizing the most outstanding tech products and services in the networking and IT world in our Well-Connected award 4/28 issue," says Mike Lee, editor of Network Computing magazine. "The awards are a snapshot in time, the best of what we evaluated over 12 months in our Real-World Labs(R) -- more than 134 finalists in more than 44 categories have been named. The winners will be announced in our 4/28 issue."

About Network Computing

For IT, By IT, Network Computing (http://www.networkcomputing.com), published by CMP Media LLC, Manhasset, N.Y., is dedicated to providing critical analysis of technologies, vendors and products to 220,000 IT Managers and Staff who are accountable for strategic technology purchase decisions. In 2003, Network Computing won a total of four awards from the American Society of Business Publications Editors (ASBPE), including a national award in the Best Technical Article category.

About Packeteer, Inc.

Packeteer, Inc., (Nasdaq:PKTR) is the global market leader in Application Traffic Management for wide area networks. Deployed at more than 7,000 companies in 50 countries, Packeteer solutions empower IT organizations with patented network visibility, control, and acceleration capabilities delivered through a family of intelligent, scalable appliances. For more information, contact Packeteer at 1 (408) 873-4400 or visit the company's web site at www.packeteer.com.

Safe Harbor Clause

The statements contained in this press release that are not purely historical are forward-looking statements within the meaning of Section 21E of the Securities and Exchange Act of 1934, as amended, including statements regarding Packeteer's expectations, beliefs, intentions or strategies regarding the future. Forward-looking statements include express or implied statements regarding future revenues and profitability, spending levels by existing and prospective customers, new product development, liquidity and macro economic conditions. All forward-looking statements included in this press release are based upon information available to Packeteer as of the date hereof. Packeteer assumes no obligation to update any such forward-looking statements. Forward-looking statements involve risks and uncertainties, which could cause actual results to differ materially from those projected. Actual results may differ materially due to a number of factors including the perceived need for our products, our ability to convince potential customers of our value proposition, the costs of competitive solutions, continued capital spending by prospective customers and macro economic conditions. These and other risks relating to Packeteer's business are set forth in Packeteer's Form 10-K filed with the Securities and Exchange Commission on March 16, 2005, and Packeteer's Form 10-Qs and other reports filed from time to time with the Securities and Exchange Commission.