WESTFORD, Mass., Dec. 11 /PRNewswire/ -- NetScout Systems (Nasdaq: NTCT),
the leading provider of integrated network performance management solutions,
announced today that its largest investor, TA Associates Inc. (TA), has
distributed to the limited partners in its private equity funds, approximately
1.5 million shares of NetScout Systems common stock. Prior to today's
distribution, TA's private equity funds held approximately 22% of NetScout's
outstanding common shares. Following the distribution, the TA funds will hold
approximately 5 million shares, or 17% of the Company's outstanding stock.
This distribution will have no effect on the number of outstanding shares of
NetScout common stock.
Stock distribution to limited partners is part of TA Associates' normal
practice of distributing shares acquired through TA venture investment
activities, to provide portfolio performance gains. With its ongoing large
ownership position, TA will continue to have a close relationship with
NetScout, which includes participation in NetScout's Board of Directors.
Anil K. Singhal, president and CEO of NetScout, commented, "We have
enjoyed a valuable relationship with TA Associates for several years. We are
pleased that TA investors have also been able to benefit from our
relationship."
Ken Schiciano, managing director of TA Associates, said, "TA Associates
has been and remains committed to NetScout and to the company's future
success. This distribution does not change that commitment."
NetScout Systems is a market leader and pioneer of integrated network
performance management solutions for leading companies and service providers
worldwide. NetScout serves the Global 2000 and counts among its customers
AmericanGreetings.com, ArvinMeritor, Blue Cross and Blue Shield of
Massachusetts, Cable and Wireless, Cisco Systems, China Telecom, Fidelity
Investments, Getronics, Goodyear Tire & Rubber, Hold Brothers, Nextel
Communications, Northwest Airlines, Optimus Telecommunications, Samsung SDS,
Siemens Health Services Corporation, Starband Communications, Travelocity.com,
Visa International and Wachovia Bank. NetScout's solutions are offered through
its nGenius(TM) Performance Management System, an integrated solutions-based
suite of advanced monitoring and reporting applications that draw on the rich
performance data generated by NetScout's real-time, application-aware probe
suite, advanced intelligent software agents, and network devices. The nGenius
System helps organizations increase their return on infrastructure investments
by optimizing the performance of their network, applications and content.
NetScout is headquartered in Westford, Massachusetts and has approximately 360
employees, with offices in North America, Europe and Asia. Further information
on the company is available at http://www.netscout.com.
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SOURCE NetScout Systems
CONTACT: Peggy Flynn, Director of Corporate Relations of NetScout Systems, Inc., +1-978-614-4162, 1-800-309-7445, flynnp@netscout.com; or Bill Zima, Associate Director of Thomson Financial-Carson, +1-212-510-9261, bill.zima@tfn.com