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San Francisco—August 18, 2014— Riverbed Technology (NASDAQ: RVBD), the leader in application performance infrastructure, today announced that Paul Mountford has joined the company as Senior Vice President and Chief Sales Officer, reporting to David Peranich, President, Worldwide Field Operations at Riverbed. Mountford's responsibilities will include day-to-day operations for all aspects of direct and indirect sales, as well as overseeing Riverbed's channel ecosystem. This will enable and complement Peranich's expanded focus on sales strategy and direction.
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"Paul is a proven leader and industry veteran who will help us scale, and play a key role in executing on our growth strategy as we continue our evolution to a multi-product solutions and platform provider," said Jerry M. Kennelly, Riverbed Chairman and Chief Executive Officer. "As organizations around the world evolve to a hybrid IT environment with resources on premises and in public clouds and a mix of private and public networks, Riverbed is uniquely positioned to address location and distance challenges through our application performance platform, and Paul's experience across geographies and multi-product technology sales will be a major asset for us."
Mountford brings to Riverbed 30 years of leadership experience in the technology sector, including data center and virtualization, network and application infrastructure, collaboration and mobile devices. He spent 16 years at Cisco, with roles that included running Cisco's $34 billion Enterprise business, the first Cisco executive to lead the company's Emerging Markets business, and rebuilding and running Cisco's channel partner program. He was most recently CEO of Sentillian, a New York-based web intelligence startup focused on monitoring publicly shared content. Prior to joining Cisco, Mountford owned a channel development consultancy where he helped US-based companies develop successful channel strategies for successfully entering international markets.
"Paul is a dynamic business leader who takes a hands-on approach and has a track record of executing and driving measurable results," said Dave Peranich, President, Worldwide Field Operations at Riverbed. "Paul is also a proven leader of highly successful sales teams, and brings bench strength in selling a platform, scaling a channel and capitalizing on both established and emerging markets."
"With over 25,000 customers, Riverbed has a significant opportunity to help hybrid enterprises overcome the inherent technical complexities in delivering applications and data to anyone from anywhere so that business can perform at its peak," said Paul Mountford, Senior Vice President and Chief Sales Officer, Riverbed. "Riverbed has industry-leading technology, strong partnerships and a committed channel, which puts us in a strong position in the $11B market for application performance infrastructure. I look forward to capitalizing fully on this opportunity."
This press release contains forward-looking statements, including statements relating to accelerating revenue growth, expanding revenue opportunities, and expanding further to a multi-product platform provider. 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™, 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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