Riverbed Named Q3 2010 Global Advanced Platform WOC Market Share Leader by Leading Analyst Firm
Riverbed Technology (NASDAQ: RVBD), the IT performance company, today announced that Gartner has identified Riverbed® in its December 2010 report, "Market Share: Application Acceleration Equipment, Worldwide, 3Q10",1 as the WOC (WAN optimisation controller) Advanced Platform (AP) worldwide market share leader for 3Q10 based on revenue. According to Gartner’s market share report, Riverbed captured 43.1 per cent of the worldwide AP WAN Optimisation market in 3Q10.
More than 8,700 organisations worldwide, across a wide range of markets, depend on Riverbed to understand, optimise and consolidate their IT infrastructure. Riverbed delivers hardware, software and virtualised solutions that overcome performance issues caused by distance, distributed computing, and ever increasing amounts of data. Virtualisation, consolidation and cloud computing promise huge cost savings and improved efficiencies, but as users move farther from their data, slow applications and file transfers can stall these strategic initiatives. Riverbed delivers to the remote office and mobile workers the same “local” performance, no matter where the private data center or public cloud may be. Riverbed continues building on its success in the WAN optimisation and network application performance visibility markets with new and innovative solutions for accelerating cloud storage and access to applications and data deployed in the public cloud.
“More and more, enterprises are beginning to incorporate public cloud into their IT strategies. As this key initiative comes to fruition, these organisations find that the same performance issues that impact private clouds and IT consolidation projects challenge them in public cloud environments,” said Eric Wolford, senior vice president of marketing and business development at Riverbed. “We have stayed laser-focused on helping enterprises overcome the performance problems caused by distance and have expanded our product portfolio to accelerate the performance of public cloud environments – the same way we’ve done for years with private cloud environments. Our ability to address the needs of globally connected enterprises is the foundation for our continued success."
Riverbed recently announced two new products for both applications and storage in public cloud environments that build on its success in enabling organisations to build private clouds. Riverbed Cloud Steelhead™ instances accelerate the process of migrating data and applications to the public cloud, and accelerate access to that data and those applications from anywhere. And, the Riverbed Whitewater™ appliance provides organisations with a fast, secure and cost-efficient method to seamlessly integrate cloud storage into their existing backup infrastructure and disaster recovery strategies. With these new solutions, Riverbed helps deliver flexible, accelerated performance without requiring IT organisations to make changes to their current architecture.
1 Gartner, Inc., Market Share: Application Acceleration Equipment, Worldwide, 3Q10" by Joe Skorupa and Nhat Pham, December 2010
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 expected developments in the implementation of public cloud strategies, and statements relating to Riverbed’s ability to meet the needs of distributed organisations. 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 28, 2010. 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.
About Riverbed
Riverbed Technology is the IT performance company. The Riverbed family of wide area network (WAN) optimization solutions liberates businesses from common IT constraints by increasing application performance, enabling consolidation, and providing enterprise-wide network and application visibility – all while eliminating the need to increase bandwidth, storage or servers. Thousands of companies with distributed operations use Riverbed to make their IT infrastructure faster, less expensive and more responsive. 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.
