Peribit Joins VERITAS Enabled Partner Program; WAN Application Delivery Leader Collaborates with VERITAS to Deliver Optimized Data Replication Solutions.

SANTA CLARA, Calif. -- Peribit Networks, the leader in application delivery over the WAN, today announced it has joined the VERITAS Enabled(TM) Program in order to provide joint Peribit and VERITAS customers with high-performance, reliable and cost-effective data replication-over-WAN solutions. The VERITAS Enabled Program provides technology partners qualification and collaborative support for products that are interoperable with VERITAS' storage management, data protection and disaster recovery products.

"Partnering with Peribit helps enterprise customers resolve the competing goals of making data more accessible while managing spiraling WAN costs," said Kenneth Jensen, director strategic alliances and VERITAS Enabled Program, VERITAS. "By using Peribit's WAN optimization platform, customers are able to deploy VERITAS' data replication solutions, or increase the data set that is being replicated, while managing WAN cost and infrastructure requirements."

By coupling Peribit with VERITAS(TM) Volume Replicator and VERITAS Storage Replicator, enterprises can reduce repetition within replicated data. By doing so, replication can be completed in less time and more frequently on existing WAN infrastructure. As a result, customers can achieve higher levels of data integrity at secondary sites while minimizing costly investments and provisioning delays associated with WAN upgrades. This is especially important for companies facing regulatory mandates to establish and maintain remote data replication and disaster recovery solutions.

Banco Santander International, Spain's leading financial institution and a Miami-based private banking center, is a joint Peribit and VERITAS customer that illustrates the significance of today's qualification announcement. To protect its business-critical data, Banco Santander chose VERITAS Volume Replicator and Peribit Sequence Reducers to replicate data across its WAN to a backup facility. Together, VERITAS and Peribit products are designed to deliver fast, cost-effective and uninterrupted failover and reliable data protection capabilities for Banco Santander.

See additional announcement on Banco Santander today at http://www.veritas.com/news/NewsHome.jhtml.

At the heart of Peribit's WAN optimization solutions is its PeriSphere architecture. PeriSphere is the only integrated architecture that addresses the full range of WAN challenges and improves application delivery with next-generation compression, sequence caching, latency reduction, bandwidth management, path optimization, and visibility tools.

With PeriSphere, IT can easily define minimum and/or maximum throughput levels for its data replication processes as well as other mission-critical business applications. For example, when VERITAS Volume Replicator traffic crosses a WAN link with other high-priority applications such as VoIP, PeriSphere's bandwidth allocation and QoS capabilities ensure they operate efficiently without allowing burst-patterns to impact performance of either.

"Peribit enables joint customers to contain IT costs when using VERITAS Volume Replicator to meet business goals for remote data replication," says Mike Banic, vice president of corporate marketing with Peribit Networks.

About Peribit Networks

Peribit improves customer business efficiencies by resolving the technical limitations of WANs, increasing available bandwidth, and accelerating applications. Peribit's PeriSphere architecture is the industry's only integrated WAN optimization framework that enables application rollout and webification, data center consolidation, and improves disaster recovery/backup and regulatory compliance for enterprise IT organizations. Peribit's Sequence Reducer and Sequence Mirror platforms combined with Peribit's SRS Software System and PeriScope CMS Central Management System provide significant, measurable return on investment within months of deployment. 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, Africa and Asia. For more information, please visit the company's website at www.peribit.com.

Peribit, the Peribit logo, PeriSphere, PeriScope, Molecular Sequence Reduction, MSR, Network Sequence Mirroring, NSM, Packet Flow Acceleration, PFA, Policy-Based Multipath, PBM, Sequence Reducer, SR, Sequence Mirror, SM, Sequence Reduction System, and SRS are trademarks or registered trademarks of Peribit Networks. All other products and services are trademarks, registered trademarks, service marks or registered service marks of their respective owners. (C) 2004 Peribit Networks, Inc. All rights reserved.