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SAN FRANCISCO—November 07, 2013— Riverbed Technology (NASDAQ: RVBD), the application performance company, announced today that the Riverbed® Stingray® product family has been positioned by Gartner as the only vendor in the Visionaries quadrant of the 2013 "Magic Quadrant for Application Delivery Controllers (ADC)" report. The entire report, authored by Mark Fabbi, Neil Rickard, Bjarne Munch and Andrew Lerner, and published on October 30, 2013, can be viewed at: http://rvbd.ly/ApplicationDeliveryMQ2013.
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Businesses and service providers face growing challenges in delivering reliable application performance for websites, portals and cloud applications across today's complex and global IT environments. The Application Delivery Controller is "a key component within enterprise data center architectures," states the report, because it "effectively bridges the gap between the application and traditional packet-based network technologies." By bridging this gap, ADCs "provide asymmetric functions that optimize enterprise applications as they are delivered to users across various internal and external networks and access methods."
Riverbed's Stingray family of products is designed to provide visibility and control of traffic to and from applications. With a comprehensive set of application delivery technologies, Stingray allows customers to create, manage and deliver Layer 7 services faster, cheaper, with greater control and the best possible user experience. Typically, ADCs are deployed in a model of "one application per ADC box" or as part of a shared ADC infrastructure supporting the demands of multiple applications. Riverbed's unique approach automates the deployment, licensing and metering of application delivery services, making possible an "ADC per application" delivery model in which costs for ADC-as-a-Service can be allocated to each client application. This unique approach reduces costs and time to production while enabling rapid change and scale for data center applications.
"Riverbed is proud to be recognized again as a visionary in the ADC market," said Jeff Pancottine, senior vice president and general manager of the Stingray application delivery business unit at Riverbed. "Since we launched the Stingray product suite, we've focused on technology and business transformation for customers that harness the power of virtualized datacenters and the cloud. Our innovative hyper-elastic application delivery platform is an important step to give IT localized control on a global scale."
More than 23,000 organizations worldwide depend on Riverbed to understand, optimize and consolidate their IT infrastructure, with solutions that overcome performance issues caused by distance, distributed computing, and ever increasing amounts of data. Riverbed solutions span WAN optimization, storage delivery, application-aware network performance management, application performance management, application delivery controllers, web content optimization (WCO), and cloud data protection. With the broadest portfolio of performance solutions that deliver anywhere, any-application optimization, Riverbed helps increase productivity and efficiency, improve business resilience, and control costs.
About the Magic Quadrant
Gartner does not endorse any vendor, product or service depicted in its research publications, and does not advise technology users to select only those vendors with the highest ratings. Gartner research publications consist of the opinions of Gartner's research organization and should not be construed as statements of fact. Gartner disclaims all warranties, expressed or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose.
This press release contains forward-looking statements, including statements relating to the expected demand for Riverbed's products and services, statements regarding expected developments in data centers and the implementation of public cloud strategies and other technology frameworks, statements relating to Riverbed's ability to grow market share or grow the market as a whole, and statements relating to Riverbed's ability to meet the needs of distributed organizations. 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-Q filed with the SEC on October 25, 2012. 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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