WESTFORD, Mass.--(BUSINESS WIRE)--Jan. 3, 2007--NetScout Systems,
Inc. (NASDAQ: NTCT), a leading provider of network performance
management solutions, today announced that Narendra Popat, Chairman of
the Board of Directors and Secretary of the company, intends to retire
as an officer and director of the company on January 19, 2007 to spend
more time with his family. Upon his retirement, Mr. Popat will become
an advisor to NetScout's Chief Executive Officer, Anil K. Singhal. The
company's Board of Directors voted to confer on Mr. Singhal the
additional role of Chairman of the Board effective as of Mr. Popat's
retirement. The company also announced that Mr. Singhal entered into a
new, three-year employment agreement with the company.
Mr. Popat and Mr. Singhal founded NetScout in 1984 and have been
working side-by-side for over 22 years. During this time, Mr. Popat
held various positions in the company, including President and Chief
Operating Officer, in addition to his current positions. "Narendra and
I have had a unique partnership over the past 22 years that will
continue in the form of expert advice from Narendra on important
matters affecting the company," said Mr. Singhal. "Since the early
days, Narendra has been a visionary and a vital contributor to the
company's success. While the company will miss his direct
contributions on multiple fronts, his continued counsel will help keep
NetScout in a strong financial, technological and competitive
position."
Looking forward, Mr. Singhal stated, "We are excited by NetScout's
opportunities for growth. Continuing, stable leadership will allow us
to implement our business initiatives and strategies, to capitalize on
our market opportunities and to enhance shareholder value."
About NetScout Systems, Inc.
NetScout Systems, Inc. (NASDAQ: NTCT) is a market leader and
pioneer of integrated network performance management products that
unify performance across the enterprise. NetScout's nGenius(R)
Performance Management System is helping more than 3,000 leading
companies increase their return on infrastructure investments by
optimizing the performance of networks and applications according to
business priorities. NetScout is headquartered in Westford,
Massachusetts and has offices worldwide. Further information is
available at http://www.netscout.com.
(C)2006 NetScout Systems, Inc. All rights reserved. NetScout and
the NetScout logo, nGenius, and Quantiva are registered trademarks of
NetScout Systems, Inc. Other brands, product names and trademarks are
property of their respective owners.
CONTACT: NetScout Systems, Inc.
Catherine Taylor, 978-614-4286
Director of Investor Relations
IR@netscout.com
SOURCE: NetScout Systems, Inc.