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SAN FRANCISCO – July 20, 2016 – Riverbed Technology, the application performance company, announced today it has opened a new global Research and Development facility in Bangalore, India, and will expand its engineering team in the region three-fold over the next several years as part of its effort to accelerate the delivery of next generation cloud networking and application performance solutions worldwide.
The new center will be the largest Riverbed R&D facility outside the US, and focus on solving some of the toughest challenges businesses face in the digital era. The building will also serve as the new headquarters for Riverbed’s Sales and Operations in India.
Riverbed has a strong reputation for pioneering market-leading solutions that make applications work better – whether they are delivered on-premise, as a service, or in the cloud. Today, the company is redefining the networking market with an application-focused approach. “At our core, we are an engineering company that builds its own technology, and India is a central player in our strategy of global shared development,” said Jerry M. Kennelly, Chairman and Chief Executive Officer, Riverbed Technology. “The availability of world class talent, advanced infrastructure and proximity to other fast-growing emerging markets of the world are key reasons behind this. The decision to open the new facility in Bangalore reinforces India as a global R&D hub for Riverbed – one that will play a vital role in the future of the company.”
Riverbed opened its first R&D facility in India in 2014 with the intent to integrate the new team into its mainstream product innovation pipeline. Since then, the team has played a critical role in advancing development of the company’s flagship product, Riverbed SteelHead – specifically in the areas of mobile, SaaS and cloud. The expansion of the R&D center in Bangalore will enable the team to take on a greater share of development in emerging technology areas such as software-defined edge and software-defined WAN (SD-WAN).
The Riverbed India R&D Center will be led by Kartik Subbanna, Vice President of Engineering, reporting to US-based Vineet Abraham, Riverbed’s Senior Vice President of Engineering. Since going private in April 2015, Riverbed has increased its investment in R&D as a percentage of its overall revenue as part of the company’s broader strategy to evolve its products to address the demand for a different approach to networking, fueled by the rise of cloud and hybrid IT environments.
"We live in an era of great disruption – and it is only through the strategic use of technology that businesses can evolve at the speed and scale needed to thrive,” said Nandan Nilekani, former Chairman of the Unique Identification Authority of India, and co-founder and former chief executive of Infosys. “Riverbed has embraced this change, and has transformed its own business in order to help organizations better seize opportunities in the digital era.”
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Riverbed®, The Digital Performance Company™, enables organizations to maximize digital performance across every aspect of their business, allowing customers to rethink possible. Riverbed’s unified and integrated Digital Performance Platform™ brings together a powerful combination of Digital Experience, Cloud Networking and Cloud Edge solutions that provides a modern IT architecture for the digital enterprise, delivering new levels of operational agility and dramatically accelerating business performance and outcomes. At more than $1 billion in annual revenue, Riverbed’s 30,000+ customers include 98% of the Fortune 100 and 100% of the Forbes Global 100. Learn more at riverbed.com.
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