Industry veteran and Riverbed Chairman appointed Interim CEO to drive expanded growth for Company’s Digital Networking and Digital Experience Management solutions
SAN FRANCISCO – October 1, 2019 – Riverbed®, The Digital Performance Company™, today announced that industry veteran David Murphy has been appointed interim CEO, to drive continued momentum for the Company’s Digital Networking and Digital Experience Management businesses. Murphy is the former President and COO of Blue Coat Systems and the current Riverbed Chairman of the Board and a Thoma Bravo Senior Operating Partner. A search is underway to find a permanent CEO. Outgoing CEO Paul Mountford, who is leaving the Company to take another executive position in the industry, is working closely with Murphy to ensure a smooth leadership transition.
LinkedIn: Riverbed announces new CEO David Murphy: https://rvbd.ly/2oLtnwa
Murphy is one of the Silicon Valley’s most highly regarded business executives with over 30 years of experience in leadership roles driving market adoption and disruptive growth. As a part of the senior leadership team at Blue Coat Systems, he helped nearly double the revenue and profitability of the business over a three-year period, and successfully repositioned the company as a leading next-generation security vendor. Prior to Blue Coat, David was instrumental in building Mercury Interactive and Tivoli Systems into market leaders. Murphy has held interim CEO roles twice before, including at Qlik and Apttus.
“Having spent my entire career at some of the premier companies within the technology industry and closely working with Riverbed for the last year as a strategic advisor and Chairman, I’ve recognized and appreciated the trusted position that Riverbed has with its customers and partners, as well as the significant market opportunity that exists,” said Murphy. “I look forward to working even more closely with the executive team as we continue to deliver against our strategy and drive growth in two very unique and strong markets: Digital Networking and Digital Experience Management.”
Orlando Bravo, Thoma Bravo Founder and Managing Partner, said, “We thank previous CEO, Paul Mountford for his leadership at the company, and wish him the best in his future endeavors. He has played an important role in creating the right structure to drive greater focus and expertise for the business. I’ve known David for many years, and I’m confident in his ability to lead the business forward. We are committed to Riverbed’s success and look forward to continuing to deliver great value to Riverbed’s customers and partners, and maximizing the Company’s full potential in a $20 Billion total addressable market.”
Riverbed is a portfolio company of Thoma Bravo.
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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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