Riverbed Technology, Inc. is an American company founded in 2002 with the goal of reducing the latency and bandwidth constraints in delivering applications via wide area networks (WANs) to multiple locations across long distances. Riverbed is known primarily for pioneering WAN Optimization with Riverbed SteelHead, which first shipped in 2004 and continues to lead the market with over 50% market share.
As information technology has evolved over the past decade and begun to move to the cloud, Riverbed has also evolved: Businesses increasingly rely on applications and data that run both in on-premises data centers as well as in the cloud, delivered to users over a mix of private networks and public networks. This is the hybrid enterprise, and Riverbed offers a platform to give enterprises visibility to deliver, control, and optimize IT resources across this hybrid enterprise.
The Riverbed Application Performance Platform combines solutions in two key areas, Riverbed SteelHead and SteelFusion for application (see application software) acceleration, and Riverbed SteelCentral for network and application performance management. Together, these solutions help ensure that applications perform as expected, data is always available when needed, and performance issues are diagnosed and cured before end-users even notice.
Riverbed has its headquarters in San Francisco, CA, and more than 2,500 employees in 73 offices around the world.[citation
needed] The Riverbed stock began trading on NASDAQ on September 21, 2006. The company’s 25,000+ customers include 97% of both the Fortune 100 and the Forbes Global 100. In December 2014, the company agreed to be acquired by private equity investment firm Thoma Bravo, which is expected to close in the first half of 2015.