SAN FRANCISCO—April 02, 2014— Riverbed® Technology (NASDAQ: RVBD), the leader in application performance infrastructure, today announced its position as a "Leader" in Gartner's 2014 "Magic Quadrant for WAN Optimization." This is the seventh year that Riverbed has been recognized as a leader in the WO Magic Quadrant, and the third Magic Quadrant in which Riverbed holds a leadership position including the Magic Quadrants for Application Performance Monitoring and Network Performance Monitoring and Diagnostics. In addition, Riverbed is positioned as a "Visionary" in the 2013 Magic Quadrant for Application Delivery Controllers.
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"Riverbed is proud to be recognized by Gartner for the seventh consecutive year as a leader for wan optimization," said Paul O'Farrell, Senior Vice President and General Manager of the Steelhead Business Unit. "Steelhead launched the WAN Optimization market 10 years ago and has set the standard for the industry continuously for a decade with over 50% market share and unmatched performance and true ease-of-use. Steelhead is the only app acceleration solution that is part of a complete platform, the Riverbed Application Performance Platform - that detects and helps customers resolve application performance and data delivery issues before an end user even notices a problem or calls the help desk to complain."
Blog Post: More than luck makes Riverbed a leader for the seventh consecutive time in the Gartner Magic Quadrant for WAN Optimization: rvbd.ly/1icrMk0
According to Gartner "most networks carry a variety of traffic types of differing characteristics and importance, and many organizations are striving to manage this traffic to optimize the response times of critical applications and reduce costs, given that bandwidth continues to represent a significant proportion of operating expenditure for wide-area data networks." In response, "the WAN optimization market remains dynamic, with new solutions to support various cloud solutions for SaaS and infrastructure as a service (IaaS) deployments, broader support for virtual WOC solutions and a general decline in WAN bandwidth pricing."
Leading the Way to Location-Independent Computing
In today's digital, global, mobile, disaggregated business world, business performance is dependent on application performance. If applications don't work, employees can't work. Products don't get developed, produced or shipped. Sales can't connect with customers and partners can't log deals. Customer service falls short and clients are unhappy. The role of IT is to keep people productive by delivering the applications and data that employees, partners and customers need to do their work and keep business moving forward.
However, delivering these trillions of compute and data loads back and forth across thousands of networked miles simply can't be done unless three fundamental problems are solved: latency, bandwidth and visibility. Riverbed solves these related problems with a suite of solutions that, as shown by market-share leadership, industry awards and strength of customer testimonials, is arguably the technology industry's strongest set of products fielded by one company.
For over 10 years, Riverbed has been driving the success of its customers by optimizing business-critical applications that must perform consistently across a global footprint. Riverbed pioneered WAN optimization in 2004 with unique innovations for application and data streamlining across the WAN and Internet to deliver the best end-user experience regardless of location, network or device while dramatically reducing network bandwidth. Today, Steelhead is the industry's #1 WAN optimization solution that accelerates the delivery of applications to the branch and from the cloud and allows IT to prioritize delivery of mission-critical applications over the fastest networks. With Steelhead, SaaS apps can be delivered up to 33x faster while using 97% less bandwidth. As a result, Steelhead has become critical to Microsoft Office 365 deployments with over one million users being accelerated to date.
Riverbed Steelhead combines with the full Riverbed portfolio in the Riverbed Application Performance Platform™, the most complete platform for location-independent computing. In addition to Steelhead, the platform includes:
Each Riverbed product is a solution for a specific challenge that, when used together, become a strategic enterprise solution that solves the pervasive challenges of latency, bandwidth and visibility in globally networked IT. The Riverbed Application Performance Platform gives companies the flexibility to host applications and data in locations that best serve the business while ensuring the flawless delivery of those apps to better leverage global resources, radically reduce the cost of running their business and maximize customer satisfaction.
Gartner does not endorse any vendor, product or service depicted in its research publications, and does not advise technology users to select only those vendors with the highest ratings. Gartner research publications consist of the opinions of Gartner's research organization and should not be construed as statements of fact. Gartner disclaims all warranties, expressed or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose.
This press release contains forward-looking statements, including statements relating to reducing costs of running businesses and maximizing customer satisfaction. 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-K filed with the SEC for the period ended December 31, 2013, and our subsequent quarterly reports filed with the SEC. 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.
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Riverbed®, The Digital Performance Company™, is united in our purpose of Advancing the Human Experience in the Digital World. Behind every digital experience is a human one, and Riverbed enables organizations to measure digital experiences and maximize digital performance so they can deliver better and more powerful human experiences— for customers, employees, partners, patients, and citizens. Riverbed’s Digital Performance Platform includes a combination of Digital Experience Management and Digital Networking solutions that ensure superior digital and user experiences, provides new levels of operational agility and accelerates business outcomes. Riverbed’s 30,000+ customers include 100% of the Forbes Global 100. Learn more at riverbed.com
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