EDGE 2020 Goes Virtual
<p>SAN FRANCISCO – October 13, 2009 – Riverbed Technology (NASDAQ: RVBD), the IT infrastructure performance company for networks, applications and storage, today announced that Gartner has identified Riverbed® in its recent September 2009 report, "Market Share: Application Acceleration Equipment, Worldwide 2Q09", as the WOC (WAN optimization controller) Advanced Platform (AP) worldwide market share leader for 2Q 2009 based on revenue. According to Gartner’s market share report, Riverbed increased its revenue share by 1.6 percentage points to 32.5%. This positions Riverbed with 9.4% more market share than the competition.</p>
<p>Riverbed WAN optimization solutions enable organizations of all sizes to overcome a wide range of IT infrastructure performance bottlenecks, including poor application performance, slow database backups and insufficient bandwidth at remote sites. By speeding applications between data centers, remote offices and mobile workers in some cases by up to 100 times, Riverbed Steelhead® appliances eliminate the performance barrier for those looking to adopt a cloud-oriented IT delivery model.</p>
<p>“Enterprises are embarking on strategic IT initiatives to improve overall IT infrastructure performance, including IT centralization, virtualization and data center consolidation. WAN optimization technologies are proving to be a core component to ensure cost avoidance with each of these private cloud initiatives,” said Eric Wolford, senior vice president of business development and marketing at Riverbed. “Customers are demanding the ability to design IT the way it best serves their business, using cloud services, private data centers, distributed IT – or any combination of them – while delivering a high-performance and less costly IT infrastructure to their users. As the market matures, we intend to continue to align our product and distribution strategies to support growing global organizations, no matter what the IT delivery model.”</p>
<p>In a separate report published by Gartner, Riverbed was positioned in the leaders quadrant in the “Magic Quadrant for WAN Optimization Controller (WOC), 2009” published in June 2009 and authored by Andy Rolfe, Joe Skorupa and Severine Real. To download the complimentary report, visit: http://www.riverbed.com/lg/whitepaper-gartner-2009.php?CID=70170000000IqIo.</p>
<p>“Over 6,500 organizations depend on Riverbed to optimize their IT infrastructure, allowing them to consolidate, virtualize and accelerate their data and applications without sacrificing performance,” continued Wolford. “Our ability to align technology innovation with customer requirements has been key to our continued market share and product leadership.”.
About the Magic Quadrant
The Magic Quadrant is copyrighted 2009 by Gartner, Inc. and is reused with permission. The Magic Quadrant is a graphical representation of a marketplace at and for a specific time period. It depicts Gartner's analysis of how certain vendors measure against criteria for that marketplace, as defined by Gartner. Gartner does not endorse any vendor, product or service depicted in the Magic Quadrant, and does not advise technology users to select only those vendors placed in the "Leaders" quadrant. The Magic Quadrant is intended solely as a research tool, and is not meant to be a specific guide to action. Gartner disclaims all warranties, express or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose.
Forward Looking Statements
This press release contains forward-looking statements, including statements relating to the expected demand for Riverbed's products and services, statements about market share results for Q2 2009 that may suggest trends for our business, statements regarding Riverbed’s product and distribution strategies, statements regarding the growth characteristics of, and customer demand relating to, the WAN optimization market, and statements relating to Riverbed’s ability to meet the needs of distributed organizations, grow or retain market share or grow the market as a whole. These forward-looking statements involve risks and uncertainties, as well as assumptions that, if they do not fully materialize or prove incorrect, could cause our results to differ materially from those expressed or implied by such forward-looking statements. The risks and uncertainties that could cause our results to differ materially from those expressed or implied by such forward-looking statements include our ability to react to trends and challenges in our business and the markets in which we operate; our ability to anticipate market needs or develop new or enhanced products to meet those needs; the adoption rate of our products; our ability to establish and maintain successful relationships with our distribution partners; our ability to compete in our industry; fluctuations in demand, sales cycles and prices for our products and services; shortages or price fluctuations in our supply chain; our ability to protect our intellectual property rights; general political, economic and market conditions and events; and other risks and uncertainties described more fully in our documents filed with or furnished to the Securities and Exchange Commission. More information about these and other risks that may impact Riverbed’s business are set forth in our Form 10-Q filed with the SEC on July 30, 2009. All forward-looking statements in this press release are based on information available to us as of the date hereof, and we assume no obligation to update these forward-looking statements. Any future product, feature or related specification that may be referenced in this release are for information purposes only and are not commitments to deliver any technology or enhancement. Riverbed reserves the right to modify future product plans at any time.
Riverbed Technology is the IT infrastructure performance company. The Riverbed family of wide area network (WAN) optimization solutions liberates businesses from common IT constraints by increasing application performance, enabling consolidation, and providing enterprise-wide network and application visibility – all while eliminating the need to increase bandwidth, storage or servers. Thousands of companies with distributed operations use Riverbed to make their IT infrastructure faster, less expensive and more responsive. Additional information about Riverbed (NASDAQ: RVBD) is available at www.riverbed.com.
Riverbed Technology, Riverbed, Steelhead, RiOS, Interceptor, Think Fast, the Riverbed logo, Mazu, Profiler and Cascade are trademarks or registered trademarks of Riverbed Technology, Inc. All other trademarks used or mentioned herein belong to their respective owners.
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