Internet Wire

NetScaler Attracts $20 Million From Leading Investors in Oversubscribed Expansion Round, Focus Ventures and Granite Global Ventures Join Existing Blue-Chip Investors as Company Continues Expansion into Enterprise and Internet Properties.

SANTA CLARA, CA, Mar. 16, 2004 (MARKET WIRE via COMTEX)

NetScaler, Inc., a pioneer in application delivery systems, today announced that it has raised $20 million in an expansion round of funding. Led by Focus Ventures, this oversubscribed round also included Granite Global Ventures as well as existing investors Sequoia Capital, Goldman Sachs & Co., Gabriel Venture Partners, and Bay Partners.

"We feel fortunate to have found a rare company such as NetScaler that combines all of the business and technology ingredients needed for success in today's highly competitive, sometimes uncertain marketplace," states James H. Boettcher, general partner, Focus Ventures. "NetScaler's highly disciplined management team has led the company to a solid, sustained growth path by focusing on the long-term success of its stellar base of enterprise and public web site customers, while taking advantage of its highly differentiated technology through strong, continued innovation. …

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