Press release from Business Wire India
Source: Riverbed Technology
Friday, May 27, 2011 02:39 PM IST (09:09 AM GMT)
Editors: General: Consumer interest; Business: Advertising, PR & marketing, Business services, Information technology, Media & entertainment; Technology
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Riverbed Receives Frost & Sullivan 2011 India WAN Optimization Controller Vendor of the Year Award
Bangalore, Karnataka, India, Friday, May 27, 2011 -- (Business Wire India) -- Riverbed Technology (NASDAQ: RVBD), the IT performance company, today announced that it has been awarded the Frost & Sullivan 2011 India IT & Telecom Excellence Award for Wide Area Network (WAN) Optimization Controller Vendor of the Year. Riverbed® was given this recognition for delivering exceptional business performance for the year 2010.
This is the third recent regional recognition Riverbed has been awarded by Frost & Sullivan. In 2010, Riverbed was recognized as the Frost & Sullivan Application Networking Vendor of the Year in Asia Pacific. In addition, Riverbed received the Frost & Sullivan 2010 Australia Best Practices Award for Application Networking Vendor of the Year.
The 9th Annual Frost & Sullivan 2011 India IT & Telecom Excellence Awards recognizes the outstanding industry achievements of IT vendors based on detailed research and assessment of market performance, such as revenue growth, market share growth, breadth of products and solutions, new product introduction and innovation, major new customer wins, and business and market strategy, by an independent and distinguished panel of judges. Chief Information Officers (CIOs) and senior executives from the industry served as judges and deliberated on the findings of the analyst teams to determine the best-in-class vendors in the Information Communications Technology (ICT) and telecommunications industry in India.
"As improvements on the economic front prompted several enterprises to return to their spending ways, the ability of WAN optimization solutions to reduce redundancies in the rapidly expanding corporate wide area networks (WANs) was perceived by enterprises to be a highly valuable business tool," said Anand Rangachary, managing director, Frost & Sullivan, South Asia, Middle East & North Africa. "More importantly, WAN acceleration is also perceived as a technology through which the return on investment (ROI) could be better articulated, based on its direct impact on aspects such as application performance, bandwidth efficiency, and even employee productivity."
"Riverbed Technology is a global specialist in WAN optimization. The company was able to leverage its strong positioning and highly visible branding to dominate the segment. The combination of a market-leading product strategy, the company's foresight in reaching out to service providers and the development of its channel structure was undoubtedly critical in enabling continued success for the organization in 2010," added Rangachary.
More than 13,000 organizations worldwide, across a wide range of markets, depend on Riverbed to understand, optimize and consolidate their IT infrastructure. Riverbed delivers hardware, software and virtualized solutions that overcome performance issues caused by distance, distributed computing, and ever increasing amounts of data. Virtualization, 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 wide area network (WAN) optimization and network performance management markets with new and innovative solutions for accessing applications and data deployed in the public cloud and for accelerating cloud storage.
"This recognition reflects our commitment to helping businesses in India and around the world adopt strategic initiatives such as virtualization, consolidation, cloud computing and disaster recovery," said Anil Batra, managing director, Riverbed Technology, India. "This is further validation that Riverbed continues to provide customers with innovative IT performance and network visibility solutions that make IT infrastructures respond faster, improve the bottom line and scale to the needs of any organization."
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 historical results that may suggest trends for our 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-Q filed with the SEC on April 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.
About Riverbed
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.
CONTACT DETAILS
Jin Woo, Riverbed Technology, +1 415-344-6465, jin.woo@riverbed.com
Chaya Ganapathy, 20:20 MSL, +91 9986447005, chaya.ganapathy@2020msl.com
Renee Lyall, Investors Relations, Riverbed Technology, +1 415-247-6353, renee.lyall@riverbed.com
KEYWORDS
CONSUMER, MARKETING, BUSINESS SERVICES, IT, MEDIA, TECHNOLOGY
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