View all news

NETSCOUT Announces Share Distribution by Investor Group

December 11, 2001

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.

MAKE YOUR OPINION COUNT - Click Here

http://tbutton.prnewswire.com/prn/11690X79665685
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

Categories: Press Releases
View all news