SOURCE: Riverbed Technology

March 06, 2008 17:32 ET

Riverbed Appoints Thomas Bakewell as Chief Information Officer

Proven Business Technology Executive to Build Next-Generation Network-Based IT Platform to Fuel Global Growth

SAN FRANCISCO, CA--(Marketwire - March 6, 2008) - Riverbed Technology, Inc. (NASDAQ: RVBD), the technology and market leader in wide-area data services (WDS), today announced that it appointed Thomas Bakewell as chief information officer (CIO). In his new role, Bakewell will be responsible for shaping the company's worldwide IT strategy to support continued growth and the need for real-time collaboration and data access for Riverbed's globally distributed workforce and corporation.

"Tom has proven his ability to match IT initiatives to aggressive business goals through his 18 years working with companies ranging from start-ups to Fortune 100 companies," said Jerry Kennelly, CEO and president of Riverbed. "As Riverbed® continues to grow globally, we'll look for Tom and his team to be significant contributors to the top and bottom-line by successfully developing and implementing innovative solutions to complex problems faced by all growing companies."

Prior to joining Riverbed, Bakewell was vice president of information technology at Coherent, Inc., where he led a worldwide organization of more than 70 information technology staff to drive business agility, productivity and customer service through innovative, adaptive technology solutions that accommodate business priorities. Prior to this, Bakewell spent two years at Brocade Communications Systems, Inc. as CIO. In that role he was accountable for worldwide business applications, architecture, business intelligence, support, and eBusiness. During his time at Brocade he led an organization of over 50 professionals, supporting a $600 million dollar business. In addition to his work with Coherent and Brocade, Bakewell has held senior positions at Sun Microsystems, Cobalt Networks, and California Microwave.

"It's great to join an innovative company such as Riverbed that is leading its market. The stability and success Riverbed has built thus far affords me the opportunity to stay focused on driving product adoption through the company and provide real-life solutions to our customers," said Bakewell. "In this new globally distributed and more collaborative business environment, it's become clear that the network is the corporation, so my number one priority is to ensure that we create a high performance and flexible IT platform that delivers applications and data to Riverbed knowledge workers around the world in near real time."

Steelhead Products

Riverbed's WDS solutions enable organizations of all sizes to overcome a host of severe problems, including poor application performance and insufficient bandwidth at remote sites. By speeding the performance of applications between data centers, remote offices and mobile workers by five to 50 times and in some cases up to 100 times, Riverbed's award-winning Steelhead WDS products enable companies to consolidate IT, improve backup and replication processes to ensure data integrity, and improve staff productivity and collaboration. Steelhead products have been deployed in organizations ranging from the world's largest corporations with offices around the globe to small companies with a couple of sites that are just miles apart. To learn more, view Riverbed's demo: www.riverbed.com/pr/jack.

Forward-Looking Statements

This press release contains forward-looking statements, including statements relating to the expected demand for Riverbed's products and services, statements relating to the expected growth of Riverbed and its business, 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-K filed with the SEC on February 15, 2008. 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 technology and market leader in wide-area data services (WDS) solutions for companies worldwide. By enabling application performance over the wide area network (WAN) that is orders of magnitude faster than what users experience today, Riverbed is changing the way people work, and enabling a distributed workforce that can collaborate as if they were local. Additional information about Riverbed (NASDAQ: RVBD) is available at www.riverbed.com.

Contact Information

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