Riverbed Technology LLC

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Riverbed Technology LLC - overview

Established

2002

Location

San Francisco, CA, US

Primary Industry

Software

About

Based in the US, Riverbed Technology, Inc. specializes in optimizing digital experiences through advanced software solutions, enhancing application and network performance for businesses across various sectors. Founded in 2002 in San Francisco, US, Riverbed Technology, Inc. offers comprehensive solutions aimed at improving digital performance.


The company has evolved its strategy over the years, focusing on software innovation. The latest funding included a RESTRUCTURING round led by Apollo Global Management, raising USD 1,100. 00 mn, which contributed to their total amount raised of USD 450. 00 mn.


Riverbed has completed 10 deals, with the most recent deal occurring on September 21, 2006. The company is led by CEO Daniel Smoot and co-founders Santhosh Raghunathan, Fru Derrick, and Rich McBee. Riverbed Technology specializes in providing a range of advanced software solutions aimed at optimizing digital experiences through AI observability and AIOps. Their core offerings include the Riverbed Platform, which integrates capabilities for unified observability, application performance monitoring, network performance monitoring, and employee experience management.


Key products like Riverbed IQ Ops and Aternity leverage causal, predictive, generative, and agentic AI to deliver actionable insights and automate operations, addressing use cases such as IT service desk efficiency, compliance assurance, and operational risk reduction. The customer base spans various industries, including healthcare, finance, and government, with notable clients including major banks and healthcare providers. Riverbed's solutions are deployed globally, with a strong focus on regions such as North America, Europe, and Asia-Pacific, emphasizing their commitment to enhancing digital transformation across diverse markets. Riverbed Technology generates revenue primarily through a subscription-based model, offering customers access to its suite of software solutions.


In the most recent year, 2014, the company reported a revenue of USD 1,089. 21 mn and an EBITDA of USD 162. 97 mn. Clients engage in transactions that typically involve annual licensing fees for the software, which includes flagship products like Riverbed IQ Assist and Aternity.


The pricing structure is tiered, providing options based on the scale of deployment, the number of users, or specific features selected. Additionally, partnerships with key technology providers enhance their service offerings and expand market reach. The revenue model supports a B2B approach, with direct sales teams working closely with clients to tailor solutions that meet specific business needs, thereby fostering long-term relationships and customer loyalty. Riverbed Technology is focused on expanding its product offerings with upcoming solutions designed to further enhance digital performance and automated operations.


The company aims to penetrate new markets, specifically targeting regions in Asia-Pacific and Europe by the end of 2025. The recent funding of USD 1,100. 00 mn will be allocated to support these initiatives, including product development and market expansion efforts. In September 2006, Riverbed Technology completed an initial public offering of 8.


7 million shares at USD 9. 75 each, which indicates their proactive approach to growth and investment in future endeavors.


Current Investors

Apollo , Accel, Lightspeed Venture Partners

Primary Industry

Software

Sub Industries

IT Infrastructure, Systems Management Software, Application Integration Software, Analytics & Performance Software

Website

www.riverbed.com

Verticals

Artificial Intelligence, Cloud Computing, Cloud Computing

Company Stage

Mature

Total Amount Raised

Subscriber access only

Riverbed Technology LLC - deals

Deals TypeDeal StatusTarget (s)Deal DateInvestor(s)Seller(s)Deal size (Mn)Enterprise value (Mn)Post-money valuation (Mn)EBITDA multiple (x)Revenue multiple (x)Lead partner (s)
Secondary BuyoutCompletedRiverbed Technology LLC-
Bankruptcy/Write-offCompletedRiverbed Technology LLC-
RestructuringCompletedRiverbed Technology LLC-
RestructuringCompletedAternity LLC-
Add-on, Trade SaleCompletedXirrus, Inc.-

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