Leading Analyst Firm Identifies Riverbed as Market Share Leader in Q2 2007
Riverbed Named Advanced WOC Market Share Leader for 4th Quarter in a Row
San Francisco, CA — November 20, 2007 — Riverbed Technology, Inc. (Nasdaq: RVBD), the technology and market leader in wide-area data services (WDS), today announced that Gartner has identified the company in its recently announced report, "Market Share: Application Acceleration Equipment, Worldwide 2Q07" 1 as the Advanced WOC (WAN optimization controller) market share leader for the second quarter in 2007 based on revenue. According to Gartner’s market share report, Riverbed® sustained very strong growth to maintain its lead (30.6% share). This is the 4th quarter in a row that Riverbed has maintained the leadership position in the Advanced WOC category. In the same report, Gartner recognized Riverbed as the market share leader in the WOC category for the 2nd quarter in a row.
“In my opinion, our strong performance is based on our ability to provide enterprises with a comprehensive solution that solves the application performance over WANs problem at all three pain points: the data center, the remote office, and the mobile worker,” said Eric Wolford, senior vice president, marketing and business development at Riverbed. “The solutions that enterprises are looking to deploy need to deliver the speed, scale, security, and simplicity they require. Unlike the alternatives, Riverbed delivers WDS solutions for the data center, remote office, and mobile workers that accelerate the broad set of applications important to business—without sacrificing the security of enterprise data.”
In order to address these three pain points, Riverbed provides both hardware- and client-based solutions. For remote offices and data centers, Riverbed offers its Steelhead® appliance product family. Powered by the Riverbed Optimization System (RiOS™), Riverbed’s patented software platform, Steelhead appliances deliver enterprise-class WDS that scales across a range of applications and network topologies to accelerate applications by up to 100 times.
Riverbed released its Steelhead Mobile product, a software client version of its award-winning WDS technology, in August 2007. The Steelhead Mobile software client is intended to deliver LAN-like application performance to any employee, whether on the road, working from home or connected wirelessly in the office. In addition, on October 22, Riverbed announced the 4.1 version of RiOS and a new Steelhead appliance model targeted at the data center. The enhancements in RiOS 4.1 and the new Steelhead appliance model 6120 build on Riverbed’s work with over 3,000 customers to solve the application performance and IT control dilemma that CIOs face as they confront the competing demands of an increasingly distributed workforce and the need to protect and control data.
As part of the October release, Riverbed delivered application-specific optimization for large-scale data transfers, that includes both hardware and software components. The new functionality enables adaptive acceleration based on the size and type of the data to be transferred. This dynamically-enabled acceleration is an industry first that automatically recognizes disaster recovery operations, such as data replication and backup jobs, to achieve even faster performance for large-scale data transfers.
The encrypt-to-disk functionality in RiOS 4.1 builds on Riverbed’s ability to accelerate SSL across the WAN without compromising the security trust model, and its existing support for site-to-site VPNs and site-to-site IPSEC option. This combination of functionality gives Riverbed customers the industry’s only WDS solution that preserves end-to-end security.
1 Gartner, Inc., "Market Share: Application Acceleration Equipment, Worldwide, 2Q07" by Joe Skorupa and Nhat Pham, October 11, 2007
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.
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 that may suggest trends for our business, and statements relating to Riverbed’s ability to meet the needs of distributed organizations, grow 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 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
415-247-8140
kristalle.ward@riverbed.com
Krista Canfield
Horn Group for Riverbed Technology
415-905-4011
kcanfield@horngroup.com
