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SAN FRANCISCO—February 04, 2013— Riverbed Technology (NASDAQ: RVBD), the performance company, today announced the appointment of Jeff Pancottine as senior vice president and general manager of the Riverbed® Stingray™ application delivery business unit. As the general manager, Pancottine will focus on strategic and operational activities aimed at driving worldwide growth, including sales, product development, marketing, and channel development.
"Jeff is an asset to the Riverbed team and brings with him leadership experience gained from tenures with Juniper and F5," said Eric Wolford, president of Riverbed Products Group. "Jeff's experience will help showcase Stingray as the scalable and agile application delivery choice that aligns with the industry's trends of virtualized and software defined data centers. We look forward to the contributions Jeff will make in driving revenue growth and leading the business unit."
Prior to Riverbed, Pancottine held the position as Vice President & General Manager, Emerging Technology Business Unit at Juniper Networks. Pancottine was also the President and CEO of Daptiv (formerly eProject) where he drove the Project and Portfolio Management market into a SaaS model and became the SaaS market leader. Pancottine spent six years as a senior executive at F5 where he repositioned the company as a provider of enterprise platform solutions from load-balancing point products. Pancottine's repositioning efforts had implications on the entire market as it prompted a shift in the marketplace categorization of the technology from load balancing to ADCs.
Designed for the cloud, Riverbed's comprehensive, layer seven software ADC can be deployed seamlessly in private, public, and hybrid clouds. Stingray Traffic Manager software offers simple scripting, easy user interface-based configuration management, and a robust application programming interface (API) that enables it to be managed as an application and provisioned like a service. This makes it better suited than a hardware load balancer to accelerate multi-tier applications in a virtual or cloud environment.
"I joined Riverbed because of its culture, management, employees, and the opportunity to work with Stingray - a game changer for virtualization, cloud, and software defined data centers," said Pancottine. "As the ADC market continues to grow and the structure of the market changes, Riverbed is again well positioned to provide customers with a solution for their cloud and virtual needs. I look forward to leading efforts to continue the success of this business unit."
For more information about the Stingray product family, visit http://www.riverbed.com/us/products/stingray/.
Forward Looking Statements
This press release contains forward-looking statements, including statements relating to the expected demand for Riverbed's products and services, statements regarding performance results of Riverbed solutions that may suggest likely or certain outcomes, 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 enables organizations to modernize their networks and applications with industry-leading SD-WAN, application acceleration, and visibility solutions. Riverbed’s platform allows enterprises to transform application and cloud performance into a competitive advantage by maximizing employee productivity and leveraging IT to create new forms of operational agility. At more than $1 billion in annual revenue, Riverbed’s 28,000+ customers include 97% of the Fortune 100 and 98% of the Forbes Global 100. Learn more at www.riverbed.com.
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