Riverbed Technology

Riverbed Technology specializes in the solutions helping to increase performance corporate IT of infrastructure. The family of solutions of Riverbed on optimization of network functioning of WAN helps the companies to get rid of standard technological limits due to performance improvement of the applications, a possibility of consolidation and increase in availability of corporate networks and applications – at the same time eliminating need of expansion of communication channels, upgrades of storage systems or servers. Thousands of the geographically distributed companies use solutions of Riverbed for acceleration of work IT of infrastructure, its reduction in cost and increase in flexibility.

For the purpose of optimization of data protection Riverbed cooperates with the leading system providers of data storage, including with Dell EqualLogic Double-Take Software Hitachi Data Systems HP IBM, NetApp and Symantec.

Among clients of Riverbed there are more than 24,000 companies which 97% are included Fortune 100, and 95% - into Forbes Global 100.

Products of the company

• SteelApp — the controller of delivery of applications (Application Delivery Controller), ADC
• SteelHead is the solution for WAN optimization
• SteelFusion is the solution for creation of convergent infrastructure
• SteelStore is the cloud reserve storage
• SteelCentral is management and performance control

Business in Russia

2015: Alexander Stulov the chief representative in the Russian Federation and the CIS countries

In May, 2015 it was announced appointment of the new chief representative of the company in Russia and the CIS countries. Stulov Alexander Valentinovich became him.

History

2018: Paul Montford is the new CEO of Riverbed

At the beginning of April, 2018 the Riverbed Technology company offering systems for performance improvement of corporate IT infrastructure announced change of the CEO. It appoints Paul Montford instead of the cofounder Gerry M. Kennelli ( Jerry M.  Kennelly) which will officially leave the company in April. Read more here.

2016

Aternity company takeover

On July 28, 2016 Riverbed Technology announced purchase of Aternity conducting solution provider for monitoring of interaction of the end user and performance control of applications. Acquisition will expand Riverbed SteelCentral product line for end-to-end visibility of performance management of network, applications and experience of the end user.

"Aternity is strategically important purchase for Riverbed company. Their innovation offer for monitoring of experience of the end user ideally supplements and expands our solutions of SteelCentral line — Gerry M. Kennelli, the chairman of the board of directors and the chief executive officer of Riverbed company comments on the transaction. — After increase in use of mobile devices, virtual desktops and clouds an opportunity to manage experience of the end user becomes more and more important and difficult task for IT departments. Thanks to this acquisition, Riverbed and our partners will have a unique opportunity to provide Chief information officers and the organizations with unobstructed sight of work of networks, applications and end users in one solution".

The checked Aternity technology helps the companies to see all process of interaction of users with each application started on any device, creating a point of the overview of application performance on behalf of the user. There is no this function in many more narrowly targeted instruments of monitoring of network performance or appendices which are had in the market. Transforming each device — physical, virtual and mobile — to the platform of self-monitoring which considers the user experience, the organizations have an opportunity of proactive control of the IT focused on needs of the end user which considerably reduces number of stops in work of business and increases productivity of employees.

This level of visibility becomes more and more important as for the sake of flexibility of transactions, accelerations of implementation of applications and cost reduction of the company begin to combine public and private clouds. The hybrid IT environment in which applications and data are distributed according to heterogeneous operating systems, numerous To DPCs and cloud environments, it is as a result formed Microsoft Azure as well as AWS.

"The organizations implement at themselves hybrid IT environments for improvement of work and reduction of costs at infrastructure management more and more actively — Mike Sargent, the senior vice president and the CEO of Riverbed SteelCentral business division says. Analyzing efficiency of applications and devices from the point of view of the user, Aternity gives to the companies the chance of proactive control by IT environments and promotes productivity of work of employees. This important functionality in combination with opportunities of SteelCentral will provide the companies with the most powerful and complete solution in the industry on monitoring of network performance".

"According to forecasts of IDC, the world market of APM and cloud services of SaaS in 2016 will make more than 3.1 billion dollars. Such growth is promoted more by digital transformation and development mobile, social and web applications — Mary Johnston Turner, the vice president of the analytical agency IDC explains. Aternity acquisition – an excellent opportunity for Riverbed which will allow the company to offer the clients new means for acceleration of work of business and performance improvement".

This transaction supports the new direction of development of the solution Riverbed SteelCentral which was considerably recently is improved in the field of cloud monitoring of performance of applications and equipped with the new features allowing to accelerate accomplishment of business processes and to increase productivity of work.

It was expected that acquisition of Aternity will be complete in August, 2016. Financial terms of transaction are not disclosed.

Merger of Ocedo

In January, 2016 Riverbed purchased Ocedo company which allowed to bring in April to the market the solution for SD-WAN (software-defined WAN network) considering specific features of applications — SteelConnect.

SteelCentral changes the mode of work of IT departments, providing them with the technologies of performance management of network presented in one solution and helps to improve visibility of delivery of applications, to detect and correct problems before they affect work of end users and performance of business.

2014: Thoma Bravo и Teachers' Private Capital купили Riverbed

In December, 214 the Riverbed Technology company announced Thoma Bravo acquisition, private investment fund, and Teachers' Private Capital, investment division of the Pension fund of teachers of Ontario. Under the terms of the agreement shareholders of Riverbed company will encash 21 dollars for the stock that in total makes $3.6 billion. The agreement was unanimously accepted council of directors of the company of Riverbed after the comprehensive analysis of the strategic and finance alternative decisions published by the company in October, 2014.

The chief executive of Riverbed company Gerry Kennelli will remain in the company in the same position. The transaction which is supposed to be completed in the first half of 2015 should be approved by shareholders of Riverbed, is approved by regulatory authorities, including antimonopoly checks in the USA, Germany and Taiwan, it is necessary to undergo testing and to get approval of Committee of foreign investments into the USA and to satisfy other commonly accepted conditions of closing of the transaction. There are no financial restrictions connected with the offered agreement.

Qatalyst Partners, Goldman and Sachs & Co. companies act as financial advisors of Riverbed company, and Wilson Sonsini Goodrich & Rosati professional corporation — as the legal advisor. The Kirkland & Ellis company advises Thoma Bravo company according to legal issues.

In the spring of 2015 the private investment fund Thoma Bravo and investment division of the Pension fund of teachers of Ontario (Teachers' Private Capital) signed the final agreement about acquisition of Riverbed Technology company, the leader in the field of implementation and support of infrastructure of application performance management. The cost of the transaction was about 3.5 billion US dollars. Each of shareholders of Riverbed company will encash 21 dollars for the stock. Due to the closing of the transaction the Riverbed company stopped the stock trading at the NASDAQ exchange under the exchange RVBD code.

Companies Qatalyst Partners, Goldman, Sachs & Co acted as financial advisors of Riverbed company. As the legal advisor — Wilson Sonsini Goodrich & Rosati professional corporation. The Kirkland & Ellis company became the legal adviser for the transaction for Thoma Bravo fund, financial advisers — Barclays, Citigroup, Credit Suisse and Morgan Stanley companies.