CUPERTINO, Calif. -- Packeteer(R), Inc. (Nasdaq:PKTR), a leading provider of Internet application infrastructure systems, today announced it has completed the acquisition of Workfire Technologies, located in Kelowna, British Columbia. On July 13, 2000, Packeteer announced a definitive agreement to acquire Workfire, a developer of software for accelerating the performance of business-critical web applications and content over the Internet, intranets and extranets. This acquisition is being accounted for using purchase accounting.

Packeteer is a leading provider of Internet application infrastructure systems designed to enable businesses and service providers to ensure the quality of experience for networked applications and application services. Packeteer's advanced PacketWise(TM) software, the foundation of the company's PacketShaper(R) and AppVantage(TM) systems, integrates application discovery, analysis, control and reporting technologies that are required for enhanced application-performance and proactive bandwidth management.

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