Butler Manufacturing Inks Deal With Peribit to Improve Network Performance; Peribit SR-50 To Save Century Old Firm up to $90,000 per Year in Recurring Costs.

Business Editors/High-Tech Writers

SANTA CLARA, Calif.--(BUSINESS WIRE)--Jan. 28, 2003

Peribit Networks, the global leader in bandwidth creation products that boost application performance, today announced that Butler Manufacturing (NYSE:BBR) has purchased Peribit Sequence Reducer products for their wide area network. The SR-50s will increase bandwidth capacity thereby avoiding an expensive network upgrade originally estimated to cost $7,500 per month or $90,000 annually.

"When our CIO heard about Peribit technology and suggested looking at their product, we doubted their claims," said Dave Poncez, Director of Telecommunications at Butler Manufacturing. "But Peribit delivered in every aspect. The SR-50 installed in minutes, required no network changes, and quite honestly was a transparent `plug and play' component within our existing network. The SR-50's data reduction helped shave WAN response times during peak periods from over 100 milliseconds towards the normal idle condition of 60 milliseconds. I also appreciated the support Peribit gave us during the rollout process. With less than a one year ROI, the decision was simple -- the entire evaluation and purchase decision timeframe was only four weeks."

Deploying the Peribit solution quickly was important not only for the immediate bandwidth capacity increase, but also to support the impending rollout of several applications scheduled for early next year. Since bandwidth costs and availability had already been a concern, Butler had deployed a QoS solution to prioritize and shape their WAN traffic. Traffic prioritization and allocation features were not enough, however, to solve the company's capacity constraints. Butler decided to add Peribit to its network because the SR-50 products preserved existing QoS levels while significantly adding more capacity on each link. The Peribit SR-50s also decreased packet counts; thereby enabling Butler's routers to avoid processor overload conditions and thus enhance application response times even during peak usage hours. Butler has also been using the Peribit graphical user interface to better understand network behavior -- even identifying and resolving errant application behavior.

"Butler exemplifies how companies can avoid increased WAN costs today while enabling new application rollout," said Jef Graham, president and CEO of Peribit Networks. "Anyone considering rolling out ERP or CRM applications knows that their WAN may likely become a performance bottleneck. Clearly, these companies should seriously consider using Peribit to avoid dramatically increasing their WAN costs."

About Butler

Established in 1901, Butler Manufacturing Company is the world's leading producer of pre-engineered metal building systems and architectural products for the nonresidential construction market -- and largest source of related development & construction services. Butler currently operates manufacturing, engineering, and service centers throughout the United States and fifteen foreign countries. The company's products are primarily sold, installed, and serviced through approximately 4,000 independent dealers in the United States and throughout the world. Butler also provides complete design/build construction services directly to large customers with multiple sites or with products of unusual size or complexity.

About Peribit Networks

Founded in May 2000, Peribit Networks is now the world leader in bandwidth creation products that boost application performance. Peribit's patent-pending Molecular Sequence Reduction (MSR) technology dramatically improves wide-area network (WAN) performance. The development of MSR marks the first time DNA research techniques have been used to bolster the performance and capacity of IT applications. Peribit has discovered that up to 90 percent of WAN traffic is repetitive data. Using MSR, Peribit's products identify and eliminate repetitive data running over wide area network links, effectively increasing capacity by up to 10 times instantly, without the need for purchasing additional bandwidth. Peribit's products frequently provide a hard dollar ROI in a matter of months. Peribit is the recipient of Network Computing's Companies to Watch designation and Technologic Partners' Investor's Choice Award. A privately held company, Peribit is funded by top-tier investors Accel Partners, Foundation Capital and Mayfield. Headquartered in Santa Clara, California, Peribit has operations throughout North and South America, Europe, Middle East and Asia Pacific. For more information, please visit the company's website at www.peribit.com.

Note to Editors: Peribit, Molecular Sequence Reduction, and Peribit Profile Mode are registered trademarks of Peribit Networks.