Silver Peak Names Founder David Hughes as CEO

  Silver Peak Names Founder David Hughes as CEO

     Will Build on Record YoY Performance and Lead Expansion to Next-Gen
                         Virtualized Network Services

Business Wire

SANTA CLARA, Calif. -- June 19, 2013

Silver Peak Systems, the leader in accelerating data over distance, today
announced that founder and CTO David Hughes has been named CEO. Hughes will
build on the company’s rapid growth and market leadership in virtual WAN
optimization software, which has propelled Silver Peak to record
year-over-year performance and six consecutive years of double-digit revenue
growth. Hughes succeeds Rick Tinsley who was hired by Hughes in 2004 to build
out the organization.

Silver Peak founder David Hughes named CEO (Photo: Business Wire)

Silver Peak founder David Hughes named CEO (Photo: Business Wire)

  *Read David’s Blog: http://blog.silver-peak.com/pedal-to-the-metal

“I want to thank Rick Tinsley for his extraordinary dedication and commitment,
which has been vital in bringing Silver Peak to where it is today,” said
Hughes. “Rick has navigated our company through difficult waters that have
stranded many of our competitors. Our company is strong, well-positioned, and
committed to our vision. We are revolutionizing the WAN optimization market
and in the process transforming ourselves into a software company.”

Silver Peak is recognized as the fastest growing virtual WAN optimization
company by leading industry analysts. According to Dell’Oro Group’s Q1 2013
Data Center Appliance Report, most of the revenue growth in the WAN
optimization market will be driven by virtual appliances. The report notes
that “virtual WANOP appliances provide greater flexibility in application
optimization and data access in the cloud as well as between disparate data
centers and branch offices.”

IDC research director of datacenter networks Brad Casemore said, “With virtual
product now accounting for more than 40% of its total sales, Silver Peak is
among the vendors benefiting from the increased demand for software-based WAN
optimization.”

“This is the most exciting time in Silver Peak’s history with our revenue
growth and market leadership in virtualized networking software creating new
market opportunities,” added Hughes. “We will focus on growing our WAN
optimization business by leading the transition to software, while fostering
the emergence of a next generation of opportunities around virtual network
services.”

About David Hughes

David Hughes launched Silver Peak Systems in 2004 after a year as an
Entrepreneur in Residence at Benchmark Capital. From 2000 to 2002, Hughes was
a vice president and general manager at BlueLeaf Networks, where he led a team
developing a unique network switching and transmission system. From 1996 to
2000, Hughes held several positions at Cisco Systems, including director of
system architecture for the BPX and MGX product lines, and was senior director
of product management for the Multi-Service Switching Business Unit. Prior to
Cisco, Hughes was a key engineering contributor at StrataCom, an early pioneer
in frame relay and ATM equipment which was acquired by Cisco in 1996. Before
StrataCom, David worked as an engineer for BNR Japan/Northern Telecom Japan
Inc. Hughes has been awarded more than 40 patents in areas including data
acceleration, packet switching, control and scheduling algorithms. Hughes
earned his PhD in Electrical and Computer Engineering from Wollongong
University, Australia, and holds a BE in Electrical Engineering from Auckland
University, New Zealand.

Additional Resources

  *Read the WAN Speak blog
  *Follow @SilverPeak on Twitter

About Silver Peak Systems

Silver Peak software accelerates data between data centers, remote offices and
the cloud. The company’s software-defined acceleration solves network quality,
capacity and distance challenges to provide fast and reliable access to data
anywhere in the world. Leveraging its leadership in data center class wide
area network (WAN) optimization, Silver Peak is a key enabler for strategic IT
projects like virtualization, big data and disaster recovery.Download Silver
Peak software today at www.silver-peak.com/marketplace.

Note: Silver Peak Systems and the Silver Peak logo are trademarks of Silver
Peak Systems, Inc. All other trademarks, service marks, registered trademarks,
or registered service marks are the property of their respective owners.

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Contact:

Media Contact:
Silver Peak Systems, Inc.
Tony Thompson, +1-408-935-1846
tthompson@silver-peak.com