Vector Capital, a San Francisco, CA-based private equity firm specializing in transformational investments in established technology businesses, acquired Riverbed Technology, a San Francisco, CA-based IT solutions provider that delivers secure digital experiences and accelerates enterprise performance to global corporations.
Riverbed’s existing lenders will continue to support the company by providing it with a new credit facility at closing. The amount of the deal was not disclosed. The transaction is subject to standard and customary closing conditions including the receipt of regulatory approvals and is expected to close in the coming months.
Led by Dan Smoot, President and CEO, Riverbed Technology is a leader in unified observability, offering two portfolios:
- Alluvio by Riverbed, a differentiated Unified Observability portfolio that unifies data, insights, and actions across IT, so customers can deliver secure digital experiences; and
- Riverbed Acceleration, providing secure acceleration of any app, over any network, to users anywhere.
FinSMEs
30/05/2023