Riverbed to Buy Mazu Networks

Riverbed to extend WAN optimization product leadership with acquisition of Mazu Networks

January 22, 2009

1 Min Read
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SAN FRANCISCO -- Riverbed Technology (NASDAQ: RVBD) today announced it has agreed to acquire Mazu Networks, a privately-owned company that helps organizations manage, secure and optimize the availability and performance of global applications. The Mazu organization, based in Cambridge, Massachusetts, will become a business unit of Riverbed. In connection with the acquisition of all of the outstanding securities of Mazu, Riverbed will pay approximately $25 million in cash at closing, with an additional possible payment to be paid subsequent to closing based on future sales performance.

Mazu Networks provides a unique, powerful and flexible analysis and reporting software that provides a holistic, real-time view of application usage and performance. This perspective is critical to understanding the application environment and taking the right steps to validate and ensure delivery of business-critical applications across the wide area network (WAN).

"The market for WAN optimization is fast becoming more mainstream and increasingly our enterprise and service provider customers are demanding more visibility, reporting and analytics capabilities from us as they seek to deploy more robust infrastructure for managing their global applications," said Jerry M. Kennelly, president and CEO of Riverbed. "This requirement is driven by the enterprise's need to reduce costs via consolidation, improve end-user productivity, and leverage technology to streamline business processes."

Riverbed Technology Inc.

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