Vector Capital, a leading private equity firm, agreed to acquire Riverbed Technology. Financial terms were not disclosed.
Riverbed, which was founded in 2002 and is based in San Francisco, specializes in network acceleration and telemetry.
Riverbed’s existing lenders will continue to support the Company by providing it with a new credit facility at closing.
Stephen Goodman, a Principal at Vector Capital, added: “With a significantly enhanced balance sheet and greater financial flexibility, Riverbed will have the ability to accelerate innovative offerings like Aternity and Alluvio IQ, creating value for its blue-chip customer base.”
