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Riverbed Named Q2 2011 Global Advanced Platform WOC Market Share Leader by Leading Analyst FirmRiverbed Tips Scales With Over 50 Percent of the Advanced Platform WAN Optimization Market (October 19, 2011)
SAN FRANCISCO, CA -- (Marketwire) -- 10/19/11 -- Riverbed Technology (NASDAQ: RVBD), the IT performance company, today announced that Gartner has identified Riverbed® in its September 2011 report, "Market Share: Application Acceleration Equipment, Worldwide, 2Q11,"(1) as the WOC (WAN optimization controller) Advanced Platform (AP) worldwide market share leader for 2Q11 based on revenue. According to the Gartner market share report, Riverbed captured 51.7% of the worldwide AP WAN optimization market based on revenue in 2Q11.
Enterprises looking to move data and applications to consolidated private, public or hybrid cloud environments face performance challenges caused by latency and bandwidth constraints. To help organizations overcome these performance barriers and ensure that users have access to business-critical IT resources, Riverbed has introduced a number of wide area network (WAN) optimization solutions that provide market-leading performance, regardless of the distance between the data and end users. Customers using Riverbed solutions such as Steelhead® appliances, Cloud Steelhead or Virtual Steelhead have experienced a 5x, 50x, or even up to a 100x improvement in application performance.
"Regardless of whether an organization chooses a private, public or hybrid cloud approach, they will likely experience performance problems as they encounter challenges caused by distance and the sheer growth of data," said Eric Wolford, executive vice president of marketing and business development at Riverbed. "Riverbed enables organizations to overcome these performance barriers that can often mean the difference between a successful or unsuccessful IT initiative. Our ability to work closely with customers in co-developing solutions addressing their performance challenges is the foundation for our continued success and growth, contributing to the achievement of a 30 percentage point lead in our core market."
More than 16,000 organizations worldwide depend on Riverbed to understand, optimize and consolidate their IT infrastructure, through solutions that overcome performance issues caused by distance, distributed computing, and ever increasing amounts of data. As IT organizations embark on strategic initiatives to virtualize, consolidate and migrate workloads into cloud environments, users are moved farther from their data, and slow applications, file transfers and inefficient websites negatively impact the performance of these initiatives. Riverbed transforms IT performance by providing solutions spanning WAN optimization, application-aware network performance management (NPM), application delivery, web content optimization (WCO), and cloud data protection for backup, archive and disaster recovery. By providing the broadest portfolio of performance solutions that deliver anywhere, any application optimization, Riverbed enables organizations to increase productivity and efficiency, while enhancing business resilience and controlling costs.
To further address the application performance bottlenecks facing enterprises that leverage public cloud services, Riverbed and Akamai Technologies recently announced their plans for a joint offering designed to solve the application performance challenges introduced by hybrid cloud networks. As part of this strategic alliance, Akamai Internet optimization software would be integrated within Steelhead appliances with the goal of extending Internet optimizations into enterprise networks, thereby extending Akamai's edge from close proximity to the data center to directly within the enterprise. In addition, Riverbed WAN optimization software would be integrated within Akamai edge servers with the goal of extending WAN optimization into the public cloud, thereby extending Riverbed's edge from the data center to close proximity to cloud data centers.
For more information about Riverbed, please visit www.riverbed.com.
(1) Gartner, Inc., "Market Share: Application Acceleration Equipment, Worldwide, 2Q11" by Joe Skorupa and Nhat Pham, September 2011
Forward Looking Statements
This press release contains forward-looking statements, including statements relating to the expected demand for Riverbed's products and services, statements about market share results that may suggest trends for our business, statements regarding performance results of Riverbed solutions that may suggest likely or certain outcomes, statements of the plans, strategies and objectives of Riverbed management regarding future products and product plans, and statements relating to Riverbed's ability to grow market share and 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 July 29, 2011. 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.
Riverbed delivers performance for the globally connected enterprise. With Riverbed, enterprises can successfully and intelligently implement strategic initiatives such as virtualization, consolidation, cloud computing, and disaster recovery without fear of compromising performance. By giving enterprises the platform they need to understand, optimize and consolidate their IT, Riverbed helps enterprises to build a fast, fluid and dynamic IT architecture that aligns with the business needs of the organization. Additional information about Riverbed (NASDAQ: RVBD) is available at www.riverbed.com.
Riverbed and any Riverbed product or service name or logo used herein are trademarks of Riverbed Technology, Inc. All other trademarks used herein belong to their respective owners.
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