SAN FRANCISCO, CA -- (Marketwire) -- 04/27/12 -- Riverbed Technology (NASDAQ: RVBD), the performance company, today announced that it has been recognized by the San Francisco Business Times, Silicon Valley/San Jose Business Journal and its employees as one of the Best Places to Work in the San Francisco Bay Area for the third consecutive year. Riverbed® received this acknowledgement based upon the company's corporate philosophy, management best practices, benefits and overall compensation.
The Best Places to Work awards recognize the top 125 employers in five categories based on company size. The large company category, where Riverbed received its designation, is defined as organizations with 501-1,500 employees based in the San Francisco Bay Area. The assessment and resulting rankings of employers were based on a multiple choice survey taken by employees that provided feedback in categories that include employee engagement, communication strategies, management effectiveness, trust in leadership, compensation and benefits, and training and recognition, which were then tabulated by research firm Quantum Workplace.
Riverbed Extends Commitment to Stay in San Francisco for the Next Decade
Riverbed CEO Jerry Kennelly recently announced a new 10 year lease at 680 Folsom Street that will keep the company's worldwide headquarters in San Francisco until 2024. This is based on Kennelly's belief that the best location to continue attracting the best talent and provide a thriving environment for current employees is San Francisco.
"Our employees appreciate the fact that despite all our success and having grown to more than 1,600 global employees, we still operate like a start-up with a flat management structure where innovative ideas are encouraged, valued and respected," said Riverbed CEO Jerry Kennelly. "We're proud to have our headquarters in San Francisco where our employees can collaborate in a thriving environment. With a strong focus on technology innovation, San Francisco is becoming the capital of Silicon Valley and we are proud that Riverbed is one of the success stories. We'll continue to hire the best and brightest minds to drive technology innovation in the Bay Area."
The Riverbed Performance Platform
Organizations worldwide are using the Riverbed performance platform, a broad suite of performance solutions, spanning WAN optimization, edge virtual server infrastructure (edge-VSI), application-aware NPM, application delivery, web content optimization (WCO), and cloud data protection for backup and disaster recovery (DR). As IT organizations embark on strategic initiatives to virtualize, consolidate and migrate workloads into cloud environments, users are moved farther from their data, and slow applications, file transfers and inefficient websites negatively impact the performance of these initiatives. The Riverbed performance platform provides organizations with the solutions they need to overcome performance issues and tools to analyze, optimize and consolidate their IT infrastructure. By providing the broadest portfolio of performance solutions that deliver anywhere, any application optimization, Riverbed enables organizations to increase productivity and efficiency, while enhancing business resilience and controlling costs.
Forward Looking Statements
This press release contains forward-looking statements, including statements relating to the expected demand for Riverbed's products and services, and statements relating to Riverbed's ability to grow market share and meet the needs of distributed organizations. 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 10, 2012. 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 delivers 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.
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.