Application performance infrastructure company, Riverbed Technology, has acquired oftware-defined networking and SD-WAN solution provider, Ocedo.
The acquisition of the German company aims to accelerate Riverbed’s strategy to deliver next-generation software-defined networking solutions for hybrid enterprises.
The company claimed the purchase will also create growth opportunities for the company and its partners.
Riverbed chairman and chief executive, Jerry Kennelly, said the takeover of Riverbed was a compelling and strategic move for the company.
“Ocedo is a compelling and strategic acquisition for Riverbed. Its software-defined networking solutions perfectly complements our own strategic investments in R&D, expanding our position to aggressively compete in the emerging markets for SD-WAN,” he said.
“I’m confident that Ocedo’s technology will thrive and grow within Riverbed, and we’re energised to continue to innovate and develop solutions that will change how applications are delivered in the modern enterprise,” Ocedo chief executive, Jan Hichert said.