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SAN FRANCISCO—February 26, 2014— Riverbed Technology (NASDAQ: RVBD), the leader in application performance infrastructure, today announced that Satya Nadella has retired from the board of directors. Mr. Nadella is stepping down in order to more fully devote time to his new position as chief executive officer of Microsoft Corporation. Mr. Nadella was appointed to the chief executive officer post earlier this month.
"Satya has provided sound, thoughtful guidance during his tenure on the Riverbed Board of Directors and Strategy Committee, and we thank him for his many contributions," said Jerry M. Kennelly, chairman and CEO at Riverbed. "His experience and perspectives, particularly in cloud computing and infrastructure, have helped shape Riverbed's strategy and vision and prepare Riverbed to play a leading role in the Application Performance Infrastructure market as we crossed the $1 billion mark in 2013. We wish Satya the best in his new position."
"From my work with Riverbed's talented management team and Board of Directors, I believe that Riverbed has the people, technology and focus to build upon its strong leadership position in enabling location-independent computing," said Microsoft CEO Satya Nadella. "Riverbed's commitment to providing innovative application performance solutions for a highly virtualized and mobile world is leading the industry, and I am delighted to have been able to contribute to the creation of a strategy that will position Riverbed for further growth and success. As a valued partner to Microsoft, I look forward to continuing to work with Riverbed."
This press release contains forward-looking statements, including statements relating to Riverbed's prospects. 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. 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.
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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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