San Francisco — March 17, 2005— Riverbed Technology, the performance leader in application acceleration on wide area networks, today announced that Stan Meresman has joined their board of directors. Stan is a widely respected and deeply experienced technology executive who brings great added strength to Riverbed. Jerry M. Kennelly, co-founder of Riverbed, says “I’m very excited to have attracted a board member of the caliber of Stan Meresman to Riverbed. He will be invaluable to us as we head into our next phase of extremely rapid growth.”

“Riverbed is probably the most exciting company I’ve looked at in the last few years” says Mr. Meresman. “They’re off to the fastest start of any company in their market, and their product solves one of the most pervasive and serious problems facing enterprise IT architects.” Mr. Meresman will be Riverbed’s first outside director, and will chair the company’s audit committee. He joins the current board, comprised of Riverbed’s founders, Jerry M. Kennelly and Dr. Steven McCanne, as well as investors Jim Swartz of Accel Partners, Chris Schaepe of Lightspeed Venture Partners, and Blake Modersitzki of UV Partners.

Stan has 25 years experience serving in senior financial and operational executive positions. Most recently, Stan was with Technology Crossover Ventures (TCV) serving as Chief Operating Officer and General Partner. Before joining TCV, Stan served as a board member and advisor to a number of high growth technology companies.

Stan was the Senior Vice President and CFO of Silicon Graphics, Inc. (SGI) for eight years from 1989 to May 1997. During that time, SGI revenue grew from $250 million to $3.8 billion, and the company completed four acquisitions and more than a dozen strategic alliances. Prior to SGI, Stan was Vice President, Finance and Administration and CFO of Cypress Semiconductor. During his four years with Cypress Semiconductor, revenue grew from $2 million to more than $100 million and the company successfully completed its IPO.

At both SGI and Cypress, Stan was part of the executive teams that received Stanford Business School's "Entrepreneurial Company of the Year" award. Stan has also been a guest lecturer at the Stanford Graduate School of Engineering Capital Formation Course and at a Harvard Business School management course. In addition, Stan has served as President of the Board of the Financial Executives Institute (FEI), Silicon Valley Chapter.

Riverbed Technology, the pioneer in wide area application acceleration, was founded in 2002 by Jerry M. Kennelly, President and CEO, and chief technology officer Dr. Steve McCanne. Riverbed’s Steelhead appliances were named a “Product of the Year” for 2005 by InfoWorld in the networking category, as the “Best WAN Accelerator”. Steelhead appliances solve the problems of latency and bandwidth associated that plague a wide variety of applications over distributed networks. The company has received funding from Goldman Sachs, Accel Partners, Lightspeed Venture Partners and UV Partners.

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For more information, visit www.riverbed.com.
 
Media contacts:                                                                             

Alan Saldich
Riverbed Technology  
(415) 247-7308 
alan@riverbed.com

Molly Taylor
Text 100 Public Relations
(415) 593-8454
mollyt@text100.com

 

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