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SAN FRANCISCO—February 25, 2015— Riverbed® Technology (NASDAQ: RVBD), the leader in application performance infrastructure, today announced that it has been recognized as a "Leader" in Gartner's 2015 "Magic Quadrant for Network Performance Monitoring and Diagnostics (NPMD)" for the second consecutive year. According to Gartner, the Leaders quadrant represents vendors that are pushing the NPMD market forward, including those with comprehensive portfolios and the ability to handle multiple application and technology types. Riverbed is also recognized as a "Leader" in Gartner's March 27, 2014 "Magic Quadrant for WAN Optimization Controllers."
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"We are very pleased to be recognized as a 'Leader' in the Gartner NPMD Magic Quadrant for the second straight year," said Mike Sargent, Senior Vice President and General Manager of the SteelCentral business unit at Riverbed. "Riverbed's network performance monitoring and diagnostics solutions are a vital component of holistic performance management, providing visibility into and control over end-user experience, application, and network performance across today's hybrid enterprises. Riverbed SteelCentral solutions deliver unparalleled breadth of visibility into application and network performance for both on-premise and SaaS applications and include comprehensive analytics and deep, fast troubleshooting capabilities to ensure applications perform as needed for the business."
According to Gartner, NPMD, a subset of the overall network performance monitoring market, has emerged as a unique market designed to address these very needs in today's increasingly complex environments. NPMD tools provide this required breadth and depth of visibility in both real-time and historical perspectives by uniquely analyzing data from SNMP polling, flow-based technology and packet-based technology. At an estimated $1.1 billion, the NPMD market is a fast-growing segment of the larger network management space ($1.9 billion in 2013), and overlaps slightly with aspects of the application performance monitoring (APM) space ($2.4 billion in 2013).
SteelCentral performance management solutions are part of the Riverbed Application Performance Platform™, which gives CIOs unparalleled visibility to deliver, control, and optimize all IT resources across the hybrid enterprise.
Gartner, "Magic Quadrant for Network Performance Monitoring and Diagnostics," Vivek Bhalla, Colin Fletcher, Gary Spivak, 10 February 2015
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 or other designation. 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 market growth. 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, 2014, 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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