Riverbed Appoints David Wu Chief Technology Officer Promotion Recognizes Ten Years of Leadership Behind Company's Most Successful Products SAN FRANCISCO, CA -- (Marketwired) -- 04/23/13 -- Riverbed Technology (NASDAQ: RVBD), the application performance company, announced today that David Wu has been appointed Chief Technology Officer. As a member of Riverbed's founding team in 2003, Wu was involved in the initial architecture of the award-winning Steelhead(R) wide area network (WAN) optimization appliance. More recently he is also the innovator behind the ground-breaking Granite(R) storage delivery solution that offers globally distributed enterprises a new approach to consolidating edge data to the secure data center while delivering local performance access to branch employees. "David has been at Riverbed since the company's inception and throughout that time he has driven the development of all Riverbed products. Under his guidance, Riverbed has grown from one product line to many, and the company's offerings have expanded to continue to solve tough problems for our customers. As CTO, David will focus on technology innovation that will address the challenges of the new generation of IT," said Jerry Kennelly, Chief Executive Officer for Riverbed. In his tenure at Riverbed, Wu had led design and development for Riverbed's most innovative and successful products. Wu developed the initial architecture behind the Steelhead appliance and the Riverbed Optimization System (RIOS(R)), the software that powers Riverbed WAN optimization solutions. He also was responsible for the advanced development of Whitewater(R) cloud storage appliance that enables customers to seamlessly and securely backup to the cloud. Most recently, Wu was the primary inventor of Granite, which allows customers to consolidate branch back to the data center and create new possibilities for IT including instant provisioning of branch offices from the data center and instant restore should disaster occur. In his 10 years with the company, Wu has held several positions, including Vice President, Software Development and Senior Vice President, Research & Development. Wu will also lead more than 800 engineers in the development of new products and drive continued innovation to address the business and IT problems that globally distributed enterprises are grappling with as they transform their data centers. "Riverbed continues to enable organizations to achieve greater levels of IT efficiency and consolidation, helping customers cut costs, increase productivity and collaboration. I look forward to continuing a very positive relationship with our customers to deliver innovation that meets the demand of evolving enterprises," said Wu. Before joining the Riverbed founding team, Wu was the Director of Engineering at netVmg, acquired by Internap Corporation (INAP). Earlier, Wu served as Senior Engineering Manager at Inktomi Corporation, where he led the streaming media proxy group. He has seven patents issued and 36 pending patents relating to networking, programming languages, and databases. Wu holds a Bachelor's degree in Computer Science and a Master's degree in Computer Science, both from University of California, Berkeley. About Riverbed Riverbed delivers application 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. Forward Looking Statements This press release contains forward-looking statements, including statements relating to the expected demand for and benefits from Riverbed's products and services. 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-K filed with the SEC on February 19, 2013. 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. 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. MEDIA CONTACT Jin Woo Riverbed Technology 415-344-6465 firstname.lastname@example.org INVESTOR RELATIONS CONTACT Renee Lyall Riverbed Technology 415-247-6353 email@example.com
Riverbed Appoints David Wu Chief Technology Officer
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