Speedera Posts Another Record Fiscal Year, Revenue Jumps 60 Percent

New Services Combined with New Channel Partners and Sales Offices Spur Strong Growth and Profitability

SANTA CLARA, CA (PRWEB) July 15, 2004 -- Speedera Networks Inc., a leading global provider of on-demand distributed application and content delivery services, today announced that it has posted record results for the fiscal year ended June 30, 2004. Revenues for privately held Speedera rose by nearly 60 percent from the previous fiscal year, far exceeding the growth rate of its industry. Most importantly, Speedera was profitable as it demonstrated consistent execution of its core priorities and business strategies.

Several factors contributed to the companys strong fiscal results over the past year. Speedera expanded its sales team by opening sales offices in New York, Washington D.C., London, and Bangalore, India. Speedera also rolled out a number of major new services and service enhancements, including geo-reporting and improved traffic profiling capabilities for SpeedEye, its Web-based management portal; a new Flash Video streaming service in partnership with Macromedia (Nasdaq: MACR); an early release of its new FlexComputing offering for distributed application hosting; the Smart Storage Manager service for intelligently optimizing the use of storage for streaming and downloadable files; native QuickTime support for high-quality live, on-demand and secure streaming using Apples Darwin Streaming Server; and a real-time Web analytics service in partnership with Omniture. The company also forged major channel partnerships in Japan, Europe, India and the United States. As a result of these combined efforts, Speedera succeeded in increasing its customer count by nearly one third.

Speedera Networks is benefiting from its diverse and balanced sources of revenues from customers worldwide, which have us well positioned to deliver strong, consistent, and profitable growth," said Ajit Gupta, President and CEO of Speedera Networks. As weve been busy rolling out new services that we believe will be essential to the market, our customers are spending more money with us every month. We believe this is further proof that we are doing the right things for our customers and that our on-demand model provides compelling value. While Speedera is clearly benefiting from the improving demand across our industry, credit for our ability to grow faster than the industry truly belongs to our employees around the world who ensure that we deliver great service to our customers every day."

One of the highlights during Fiscal Year 2004 was being named one of the top two Fastest Growing Private Companies in Silicon Valley", as spotlighted by the San Jose Business Journal in its annual listing of the valleys rising stars. PricewaterhouseCoopers verified the financial data for all participating companies as ranked by percentage revenue growth during the period 2000-2002.

Speedera also had a hand in creating cosmic history during the Mars rover landings in January 2004 by enabling NASAs Jet Propulsion Laboratory to serve more than nine billion hits to the space agencys portal, with traffic reaching almost seven gigabits per second -- the largest online science event in history. Speedera was also tapped by the European Space Agency to deliver content to its Web portal for its own Mars Express project and other programs such as the ambitious Rosetta Comet Chaser mission aimed at landing on a a cosmic iceberg" by the end of this decade.

Back on Earth, Speedera helped to further build out Japans broadband infrastructure when it inked a deal with new channel partner Softbank Broadmedia and Club iT to introduce Broadmedia® CDN service. Speedera enabled Softbank Broadmedia to build out its content delivery network infrastructure within thirty days, through Speederas Fusion Partner" program. Dozens of enterprises are already using the Broadmedia CDN service.

Other notable events for the year include the live streaming of Presidential candidate Sen. John Kerrys speech at Stanford University as well as the live and on-demand streaming of the American Business Awards, also known as the Stevies." Speedera launched a new, free Internet Ranking Index called SpeedRank that reveals detailed performance and availability data for the worlds 100 leading Web sites across five key industry sectors. Speedera also announced Giving Back", a new philanthropy program that invites non-profit groups to take advantage of Speederas Internet services (at no cost) to help them expand their Web site presence.

Key customer wins during the 2004 fiscal year include: NASA, the European Space Agency, FOX.com, Trend Micro, F-Secure, Clarins, PriceMinister, and NDTV, to name just a few.

Speedera Networks is financially backed by Banc of America Securities, a unit of Bank of America Corp. (NYSE: BAC), Balanced Growth Fund, Continuum Group Ltd., Deutsche Bank AG, Hewlett-Packard Company (NYSE, NASDAQ HPQ), Industry Ventures, Oracle Corp. (NASDAQ: ORCL), Palo Alto Investors, and Trinity Ventures.

About Speedera Networks
Speedera Networks, Inc. is a leading global provider of distributed application hosting and content delivery services. The companys SpeedSuite family of services provides on-demand services that cost-effectively solve the performance, scalability, availability and security problems of distributed applications and Web sites. Speederas edge delivery network is deployed in the Americas, Europe and the Asia-Pacific region, with connectivity to over 1000 carrier networks, controlled by a patented global traffic management system. Customers include leading organizations such as American Eagle Outfitters, DoubleClick, Fox Broadcasting, Macromedia, NASA, Sony Music Entertainment, the European Space Agency, and Univision. The companys channel partners include Softbank Broadmedia/Club iT, AboveNet, and Inflow. For more information about Speedera, please call +1 408-970-1528, visit www.speedera.com or email info@speedera.com. To request a white paper, please click on http://www.speedera.com/reqtechpaper.htm . To request a demo, please click on http://www.speedera.com/reqdemo.htm .

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