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SAN FRANCISCO—May 10, 2013— Riverbed Technology (NASDAQ: RVBD), the application performance company, today announced that the company has been positioned by Gartner in the Leaders Quadrant of the 2013 "Magic Quadrant for WAN Optimization Controllers" authored by Joe Skorupa, Mark Fabbi, Bjarne Munch and published in April 2013. Riverbed® is the only vendor in the Leaders Quadrant in the most recent report and has been named to the Leaders Quadrant for the sixth consecutive time. According to Gartner, this report positions vendors in one of four quadrants - Leaders, Challengers, Visionaries and Niche Players - based on the companies' vision and ability to execute on that vision. The entire report can be viewed here: http://www.riverbed.com/about/document-repository/Gartner-Magic-Quadrant-for-WAN-Optimization-Controllers-2013.html.
According to the report, "Current innovation is on form factors and platforms with WAN optimization migrating toward powerful branch office platforms or to an optimized WAN cloud." Further, "Leaders exhibit an ability to shape the market by introducing additional capabilities in their product offerings and by raising awareness of the importance of these features. We expect a Leader to grow the market as a whole and to have solutions that resonate with an increasing number of enterprises. Leaders in the WOC market must have a broad feature set, including QoS, generic compression, protocol acceleration and file system acceleration, with the majority of features proved in substantial real-world implementations. They also need to be able to offer sales and support on a global basis."
"The rate and pace of change in enterprise IT has grown exponentially over the last few years," said Eric Wolford, president products group at Riverbed. "New IT architectures and shifts in business structure such as cloud computing, virtualization, software defined data centers, mobility and the consumerization of IT create opportunities for the business and new challenges for the CIO. Many of our customers are finding that WAN optimization is at the heart of enabling these new approaches without sacrificing performance. With our breadth and depth of optimizations and form factors, our customers rely on Riverbed as a strategic partner for ensuring application performance."
Hyperconvergence Requires Organizations to Rethink Network with Performance in Mind
The urgent and disruptive trends that IT face today are what many thought leaders are calling hyperconvergence. Cloud, mobility, SaaS, collaboration and other trends are simultaneously placing new demands on organizations, forcing them to rethink the way they approach network design, architecture and sourcing. As IT organizations plan technology deployments, it is critical to understand the impact hyperconvergence will have on performance of applications over the wide area network (WAN). This trend is indicative of growing demand for WAN optimization solutions.
2012 Enhancements that increased Application Performance for Global Organizations
Riverbed continues to deliver application performance solutions to meet the ever-changing needs of global organizations, regardless of where an employee or data is located. The family of Riverbed WAN optimization solutions come in a variety of form factors, including, physical, cloud edition, virtual edition and mobile, to enable organizations to deliver unmatched performance for large-scale data center-to-data center replication, "local" performance for remote and mobile workers, and acceleration for consolidated, cloud and virtualized environments. To meet customer demands Riverbed introduced new and enhanced products to address the growing demands of the global enterprise:
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. 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 May 3, 2013. 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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