SAN FRANCISCO—February 22, 2013— Riverbed Technology (NASDAQ: RVBD), the application performance company, today announced the appointment of Satya Nadella to its board of directors. Mr. Nadella currently serves as president of Microsoft Corporation's Server and Tools Business (STB), a $19 billion division that builds and runs the company's computing platforms, developer tools, and cloud services. Nadella's guidance on Riverbed's corporate vision and technology innovations will be extremely valuable as Riverbed continues on its mission to provide application performance solutions for a highly virtualized and mobile world.
"Satya brings tremendous cloud computing and infrastructure expertise, as well as valuable perspective that comes from more than 20 years of leadership experience at one of the world's most recognized technology companies," said Jerry M. Kennelly, chairman and CEO at Riverbed. "Satya's industry insights will be an asset for our board, and we look forward to collaborating with him as we enter into the next phase of our growth as a billion-dollar plus company."
A 21-year veteran of Microsoft, Nadella and the STB team are working to deliver the "Cloud OS" - Microsoft's next generation back-end platform that spans private, public, and service cloud providers and runs at a global, multi-datacenter scale. Prior to STB, Nadella was senior vice president of R&D for the Online Services Division, which includes the Search (Bing), Portal (MSN), and Advertising platforms, where he was responsible for some of the largest cloud infrastructure in the world. Prior to the Online Services Division, Nadella led Microsoft Business Solutions (MBS), which develops and markets the Microsoft Dynamics line of ERP and CRM products. Before joining Microsoft, Nadella was a member of the technology staff at Sun Microsystems, Inc.
"Riverbed is at the intersection of major industry trends such as virtualization, cloud, software-defined networking and data centers, and mobility," said Nadella. "The company started a revolution with WAN optimization and then followed with strategic acquisitions and internal development that have made it the leader in delivering application performance solutions. I look forward to working with a successful and talented management team and contributing to the future growth and success of the company."
Forward Looking Statements
This press release contains forward-looking statements, including statements relating to the expected demand for Riverbed's products and services. 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 on February 19, 2013. 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.