SOURCE: Riverbed Technology

Riverbed Technology

June 18, 2010 09:00 ET

Riverbed Receives 2010 Asia Pacific Frost & Sullivan Application Networking Vendor of the Year Award

Award-Winning WAN Optimization Vendor Also Named Market Share Leader in Asia Pacific WAN Optimization Controller Market, CY 2009 by Frost & Sullivan

SAN FRANCISCO, CA--(Marketwire - June 18, 2010) -  Riverbed Technology (NASDAQ: RVBD), the IT performance company, today announced that it is the recipient of the 2010 Asia Pacific Frost & Sullivan Application Networking Vendor of the Year Award. The award is presented by Frost & Sullivan to recognize outstanding performance in the Asia Pacific (including Japan) information and communications technology (ICT) industry. In addition, in a recent Frost & Sullivan report, Riverbed® was highlighted as the market share leader in the Asia Pacific WAN Optimization Controller Market, CY 2009.

Riverbed WAN optimization solutions enable organizations of all sizes to overcome a wide range of IT infrastructure performance bottlenecks, including poor application performance, slow database backups and insufficient bandwidth at remote sites. By speeding applications between data centers, remote offices and mobile workers, in some cases by up to 100 times, Riverbed Steelhead® appliances eliminate the performance barrier for those looking to adopt a cloud-oriented IT delivery model. Riverbed was named the 2010 Application Networking Vendor of the Year because it showed exemplary growth and performance in the Asia Pacific (including Japan) region during 2009.

The Frost & Sullivan Awards are presented to companies that demonstrate best practices in their industry. The awards recognize the innovation, commitment and successful business strategies required to advance in the global marketplace. To select the award recipients, the Frost & Sullivan analyst team shortlists major companies for each Award category and joins with an independent panel of CIOs/CTOs to review the findings of the analyst team and decide on the deserving Award recipients. 

The 2010 Frost & Sullivan Asia Pacific ICT Awards honor the companies that have risen above the competition, and thus defined the direction of the ICT industry in the region. Riverbed was selected as an award recipient for its revenue and revenue growth, market share and market share growth, breadth of products and solutions and key achievements in 2009.

"Riverbed has demonstrated excellence in technology and product innovation, as well as an acute foresight in anticipating the growth trends in the WAN optimization and application networking segment," said Cathy Huang, industry analyst at Frost & Sullivan. "The company strengthened its go-to-market strategies and remained dedicated to enhancing its channel support in 2009. In particular, Riverbed's strategy in extending its business model into a services offering -- which was well received by enterprises in APAC -- clearly defined it as a leading player that is ahead of its competitors in dictating the direction of the industry."

Riverbed Named Market Share Leader in Asia Pacific WAN Optimization Controller Market, CY 2009 Report by Frost & Sullivan

In the "Asia Pacific (including Japan) WAN Optimization Controller Market, CY 2009" report, published in June 2010, Riverbed is recognized by Frost & Sullivan as the WAN Optimization Controller market share leader, measured by 2009 revenue, with 28.3% market share. In addition, Riverbed's 2009 revenue made it the market share leader in the WAN Acceleration category, a subset of the WAN Optimization Controller category, with 39.6% market share.

According to the report, "In a way, the economic slowdown actually forced many enterprises to relook at ways through which they could reduce costs without compromising on productivity levels. As a result, WAN optimization emerged strongly as a viable and less costly way to achieve greater business synergies across an entire enterprise setup. Likewise, enterprises were also beginning to perceive it as a long term solution to performance issues faced on their corporate WANs, unlike the short term approach offered by purchasing more bandwidth."

"Riverbed continues to innovate in areas that directly impact bottom lines. To help customers make the most of their existing infrastructure, Riverbed has focused beyond its core product offerings to provide companies with more options to support cost-cutting initiatives like IT centralization, virtualization and data center consolidation," said John Higgs, vice president of sales, APAC at Riverbed. "This recognition from Frost & Sullivan -- both the award and market share leadership -- is validation that we're providing enterprises with an alternative approach to spending excessive money and time on short term projects that limit their ability to grow their organizations' bottom line."

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 the growth characteristics of, and customer demand relating to, the WAN Optimization and application networking markets, and statements relating to Riverbed's ability to meet the needs of distributed organizations, grow revenues and market share, or grow the market as a whole. 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 April 30, 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 Technology, Riverbed, Steelhead, RiOS, Interceptor, Think Fast, the Riverbed logo, Mazu, Profiler and Cascade are trademarks or registered trademarks of Riverbed Technology, Inc. All other trademarks used or mentioned herein belong to their respective owners.

Contact Information

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