SAN FRANCISCO—December 14, 2012— Riverbed Technology (NASDAQ: RVBD), the IT performance company, today announced that Gartner has identified the company in its December 2012 report titled "Market Share: Application Acceleration Equipment, Worldwide 3Q12,"1 as the WOC (WAN optimization controller) Advanced Platform (AP) worldwide market share leader for 3Q12 based on revenue. According to the Gartner market share report, Riverbed® captured 52.5% of the worldwide AP WAN optimization market based on vendor revenue in 3Q12.
"Global organizations are embarking on the development of new data center architectures, including virtual, cloud, software-defined and hybrid, to achieve their 'do more with less' goals, and are finding that WAN optimization is a critical component to ensure performance across the enterprise," said Eric Wolford, president and general manager of products at Riverbed.
IT departments remain under intense pressure to deliver higher-performance computing, network and application services worldwide. To meet these demands organizations of all sizes and industries are re-architecting in pursuit of cost efficiency, manageability, and flexibility. With Riverbed WAN optimization, companies can successfully consolidate and secure more servers, data, applications and desktops than ever before while optimizing performance enterprise-wide. This enables IT to find the perfect combination of speed, cost savings and control.
"Transformation of the data center is driving the need for WAN optimization and the trend is growing the overall addressable market for WAN optimization. We've continued to be a leader in the WAN optimization market because of our ability to build solutions that not only address the challenges that our customers are faced with today, but also prepare them for next-generation architectures," continued Wolford.
The next generation data center is an architecture that supports a diverse set of applications and end points. Applications and data sets have continued to resist consolidation, usually due to unacceptable performance implications. IT organizations are under increasing pressure to bring critical enterprise data out of "scary places" and home to the safety of the data center. By addressing these challenges, the WAN optimization market continues to remain relevant in this next round of IT consolidation.
More than 20,000 organizations worldwide depend on Riverbed to understand, optimize and consolidate their IT infrastructure, through solutions that overcome performance issues caused by distance, distributed computing, and ever increasing amounts of data. As IT organizations embark on strategic initiatives to virtualize, consolidate and migrate workloads into cloud environments, users are moved farther from their data. Slow applications, slow file transfers and inefficient websites can negatively impact the performance and success of these initiatives. Riverbed transforms IT performance by providing solutions spanning WAN optimization, edge virtual server infrastructure (edge-VSI), application-aware network performance management, application delivery controllers, web content optimization (WCO), and cloud data protection. By providing the broadest portfolio of performance solutions that deliver anywhere, any-application optimization, Riverbed enables organizations to increase productivity and efficiency, while enhancing business resilience and controlling costs.
1 Gartner, Inc., "Market Share: Application Acceleration Equipment, Worldwide, 3Q12" by Joe Skorupa and Nhat Pham, December 2012
This press release contains forward-looking statements, including statements relating to the expected demand for Riverbed's products and services, statements regarding increases in the total addressable market for WAN optimization, statements regarding performance results of Riverbed solutions that may suggest likely or certain outcomes, 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, 2012. 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, at more than $1 billion in annual revenue, is the leader in Application Performance Infrastructure, delivering the most complete platform for the hybrid enterprise to ensure applications perform as expected, data is always available when needed, and performance issues can be proactively detected and resolved before impacting business performance. Riverbed enables hybrid enterprises to transform application performance into a competitive advantage by maximizing employee productivity and leveraging IT to create new forms of operational agility. Riverbed's 27,000+ customers include 97% of the Fortune 100 and 98% of the Forbes Global 100. Learn more at www.riverbed.com.
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