MOUNTAIN VIEW, Calif., June 27, 2001 - Vernier Networks, Inc., a networking company that provides hardware and software to protect, manage and enhance wireless networks, today announced it has secured $8.5 million dollars in outside funding. Barely three months after being spun off from Judy Estrin's and Bill Carrico's networking technology company Packet Design, Vernier secured funding from lead investor Foundation Capital as well as Doll Capital Management, Masthead Venture Partners and Weber Capital Management. Vernier also named industry veteran Doug Klein chief executive officer and added Foundation Capital's Bill Elmore and Doll Capital Management's Rob Theis to Vernier's board of directors.

Formerly vice president operations at Packet Design, Doug Klein was appointed chief executive officer of Vernier to lead the company into the emerging wireless LAN category. Prior to joining Packet Design, Klein served as president and chief operating officer for NuvoMedia, Inc., the developer of the Rocket eBook hand-held electronic reading device which was acquired by Gemstar-TV Guide International in January 2000. He also spent ten years at Network Computing Devices, where he had direct management responsibilities for all NCD engineering, program management and service and support. "Under Bill Carrico's and Judy Estrin's leadership, Packet Design developed a network architecture to address the management and security problems stemming from the rapidly growing, yet haphazard deployment of wireless LANs in the enterprise," said Doug Klein, chief executive officer of Vernier. "Now, with a comprehensive Beta trial underway, Vernier is well-positioned to launch its first products based on this architecture later this year. Vernier's technology ensures that the compelling reasons driving the momentum behind 802.11 rollouts will not result in major security breaches, unmet performance expectations, or complicated IT support nightmares."

About Vernier Networks
Vernier Network's layer 3 technology platform will enable wireless LANs based on standards such as IEEE 802.11 and Bluetooth to be practical in large-scale enterprise environments. It offers the security, control and accountability features that network managers are accustomed to in traditional wired networks. Going far beyond the all-or-nothing access control typical of wireless technologies, Vernier's products provide differentiated user authentication and fine-grained management of network resources.

Vernier's patent-pending, network-based technology works with any device type that has IEEE 802.11 interfaces (e.g. PCs or PDAs) and requires no additional client software. The Vernier System enables network managers to protect wireless LANs from untrusted users, assign trusted users with rights to appropriate network resources and provide improved mobility and location-aware services. For more information, please visit www.verniernetworks.com.

About Packet Design
Packet Design, founded in June 2000, is the fourth networking company started by husband-and-wife entrepreneurs Judy Estrin and Bill Carrico. The pair founded Bridge Communications in 1981, Network Computing Devices in 1988 and Precept Software in 1995. When Precept was acquired by Cisco Systems in 1998, Estrin was named Cisco's chief technology officer, and Carrico senior vice president of Cisco's small and medium line of business. Estrin, who sits on the boards of directors of The Walt Disney Company, The Federal Express Corporation and Sun Microsystems, has been named three times to Fortune Magazine's list of the 50 most powerful women in American business. Packet Design has raised $24 million in private funding from Foundation Capital and individual investors, including former Netscape CEO James Barksdale and Sun Microsystems Chief Scientist Bill Joy. For more information, visit Packet Design's web site at www.packetdesign.com.