Speedera Networks Inc., a top-tier global provider of content delivery services, today announced that it received the "Best Internet Facilitation Product or Service" award at the 17th Annual Software & Information Industry Association (SIIA) Codie Award Gala held in Coronado, California this week. SIIA's prestigious Codie Awards showcase the finest products and services in the software and information industry. Speedera's SpeedSuite service went head-to-head against more than 25 other companies who were also nominated for the "Best Internet Facilitation Product or Service" category.

"This 17th Annual Codie Awards carry on the tradition of celebrating the best of the best in the software and information industry," said Ken Wasch, President of SIIA. "As the only peer-reviewed awards program of its kind in this constantly evolving field, winning a Codie Award is indeed a high honor. SIIA congratulates Speedera Networks on winning their first Codie Award in a category with first-rate competition."

"We are extremely honored to receive this award from the SIIA which validates our commitment to provide top-notch service to our customers," stated Ajit Gupta, CEO of Speedera Networks. "We salute our development team for its innovation and dedication, which has allowed us to grow our business rapidly while providing industry-leading service, reliability and price/performance."

In addition to this recognition, Speedera has received three other prestigious industry awards in the past month: Aberdeen Group's Top Ten Streaming Implementations of 2001 and two Streaming Magazine Reader's Choice Awards including "Best CDN" and "Up-and-Coming Streaming Company to Watch".

This year 325 companies nominated over 700 products for SIIA's coveted awards. First round judging was completed by a broad panel of judges consisting of representatives from the industry trade press, mainstream technology writers and industry experts. Second round judging is based on votes from SIIA members. At the ceremony, Codie Awards were presented to representatives of winning companies that publish business, education and consumer software along with vendors providing a wide array of services. The winning companies ranged from hot newcomers to established powerhouses such as Macromedia, Intuit, Symantec, Sun Microsystems, Autodesk and Adobe. A complete list of winners is available online at http://www.siia.net/codies2002/winners.htm .

Speedera's CDN is one of the two largest content delivery networks in the world, with connectivity to over 1000 carrier backbones and with points of presence in the Americas, Europe and the Asia-Pacific region. Speedera's network is rated as the fastest CDN by independent third party tests.

About Speedera Networks

Speedera Networks, Inc. is a leading global provider of managed Internet services for reducing costs and improving enterprises' Web presence through superior performance, quality, availability, scalability and security. The company's edge delivery network is deployed in the Americas, Europe and the Asia-Pacific region, with connectivity to over 1000 carrier networks. Speedera's Universal Delivery Network features a unique set of next generation streaming, content delivery, failover, global load balancing, security and management services, all based on a common global traffic management infrastructure. The company's customers and partners include Global 2000 companies, service providers, Web hosting providers and other organizations worldwide. The company's investors include Banc of America Securities LLC, Continuum Group Ltd, Deutsche Bank AG, Hewlett-Packard Company, Oracle, and Trinity Ventures, among others. Speedera Networks is located at 4800 Great America Parkway, Santa Clara, CA, USA 95054-1227. For more information about Speedera, please call +1 408-970-1500, visit http://www.speedera.com or email info@speedera.com.

About SIIA

The Software & Information Industry Association (SIIA) is the principal trade association for the software and digital content industry. SIIA provides global services in government relations, business development, corporate education and intellectual property protection to more than 800 leading software and information companies. For further information, visit http://www.siia.net/ .

CONTACT: Melissa Stevenson of Speedera Networks, Inc., +1-408-970-1571, or marcom@speedera.com; or Mandy Mladenoff of Sterling Hager, +1-415-591-8420, or amladenoff@sterlinghager.com, for Speedera Networks, Inc.