Riverbed Named as Finalist in 2007 Selling Power Sales Excellence Awards
San Francisco, CA — November 12, 2007 — Riverbed Technology, Inc. (Nasdaq: RVBD), the technology and market leader in wide-area data services (WDS), today announced that it was named a Finalist in the Computer Software Sales Organization of the Year category in the 2007 Selling Power Sales Excellence Awards. More than 400 entries from companies of all sizes and in virtually every industry were submitted for consideration in more than 40 categories.
Riverbed® creates technology that makes applications and data run up to 100 times faster over wide-area computer networks. For companies with data centers, remote offices, or mobile workers, this improved application performance helps employees be more productive, and makes it easier for people to collaborate no matter where they are. Riverbed also helps simplify and tie together a company's technology infrastructure.
"We've built an organization of world class professionals. Between the strength of our sales force, and the strength of the product, we have maintained a substantial win rate in head-to-head competition versus Cisco, Juniper, and the rest of our competitors over the past two years," said David M. Peranich, senior vice president of worldwide sales at Riverbed. "Being selected as a finalist for our ability to grow our customer base from the first customer in 2004 to over 3,000 today is rewarding."
The awards are jointly presented by Selling Power magazine, the leading sales management publication with 145,000 subscribers in 67 countries, and The Stevie® Awards, which have been hailed as "the business world's own Oscars" by the New York Post (April 27, 2005).
Details about The Selling Power Sales Excellence Awards and the list of Finalists in all categories are available at www.stevieawards.com/sales. Members of the Awards' Board of Distinguished Judges & Advisors and their staffs will select Stevie Award winners this week from among the Finalists. Finalists were chosen by business professionals worldwide during preliminary judging.
Steelhead Products
Riverbed's WDS solutions enable organizations of all sizes to overcome a host of severe problems, including poor application performance and insufficient bandwidth at remote sites. By speeding the performance of applications between data centers, remote offices and mobile workers by five to 50 times and in some cases up to 100 times, Riverbed's award-winning Steelhead® WDS products enable companies to consolidate IT, improve backup and replication processes to ensure data integrity, and improve staff productivity and collaboration. Steelhead products have been deployed in organizations ranging from the world's largest corporations with offices around the globe to small companies with a couple of sites that are just miles apart. To learn more, view Riverbed's demo: www.riverbed.com/pr/jack.
About Riverbed
Riverbed Technology is the technology and market leader in wide-area data services (WDS) solutions for companies worldwide. By enabling application performance over the wide area network (WAN) that is orders of magnitude faster than what users experience today, Riverbed is changing the way people work, and enabling a distributed workforce that can collaborate as if they were local. Additional information about Riverbed (Nasdaq: RVBD) is available at www.riverbed.com.
About The Stevie Awards
Hailed as "the business world's own Oscars" by the New York Post (April 27, 2005), Stevie Awards are conferred in four programs: The American Business Awards, The International Business Awards, The Stevie Awards for Women in Business, and the Selling Power Sales Excellence Awards. Honoring companies of all types and sizes and the people behind them, the Stevies recognize outstanding performances in the workplace worldwide. Learn more about The Stevie Awards at www.stevieawards.com.
About Selling Power
Selling Power is the world's leading sales management magazine with more than 145,000 subscribers in 67 countries. Learn more at www.sellingpower.com.
Sponsors of the 2007 Selling Power Sales Excellence Awards include Employee Continuum, Heartland Payment Systems, infoUSA's Salesgenie.com, and Richardson.
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 historical competitive win rates or customer acquisition rates that may suggest trends for our business and statements relating to Riverbed's ability to meet the needs of distributed organizations. 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 October 25, 2007. 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, Riverbed, Steelhead, RiOS, Interceptor, and the Riverbed logo 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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Media Contacts:
Kristalle Ward
Riverbed Technology
(415) 274-8140
kristalle.ward@riverbed.com
Krista Canfield
Horn Group for Riverbed Technology
(415) 905-4011
kcanfield@horngroup.com
