Feeds

Riverbed could snap up failed WAN optimiser for $10m

Picking up assets cheap

The essential guide to IT transformation

Riverbed is reportedly looking to pick up failed WAN optimiser Expand Networks for $10m, a pittance.

Expand went into receivership in Israel in October 2011. It had been operating for 13 years and had benefitted from $100m funding, developing products that speeded up access from remote sites to a data centre's servers. In 2010, Expand's revenues were $11m but it was losing $250,000 each month. A $10m loan repayment became due in 2011. Expand could not pay it, and was wound up after missing several repayment deadlines. A large number of employees were reportedly fired as the liquidators cut costs while trying to keep the business afloat long enough to sell it.

Riverbed, which makes WAN optimisation (Steelhead) and cloud computing gateway (Whitewater) products negotiated to buy Expand in November 2009, according to the Israeli Globes media outlet, but the attempt did not succeed. Now Globes is reporting that Riverbed is once more close to buying Expand and its assets, reportedly within the week.

Two other companies apparently made offers of around $6m, but according to the Israeli biz paper's sources, Riverbed trumped these with a $10m offer. It is unclear whether US-based Riverbed will keep Expand's Israel-based R&D facilities and any of its employees there should the deal close.

El Reg has contacted Lewis, Riverbed's UK PR agency, which said that no one at the company was available to make a statement. ®

Secure remote control for conventional and virtual desktops

More from The Register

next story
6 Obvious Reasons Why Facebook Will Ban This Article (Thank God)
Clampdown on clickbait ... and El Reg is OK with this
Kaspersky backpedals on 'done nothing wrong, nothing to fear' blather
Founder (and internet passport fan) now says privacy is precious
TROLL SLAYER Google grabs $1.3 MEEELLION in patent counter-suit
Chocolate Factory hits back at firm for suing customers
Facebook, Google and Instagram 'worse than drugs' says Miley Cyrus
Italian boffins agree with popette's theory that haters are the real wrecking balls
BBC: We're going to slip CODING into kids' TV
Pureed-carrot-in-ice cream C++ surprise
Twitter: La la la, we have not heard of any NUDE JLaw, Upton SELFIES
If there are any on our site it is not our fault as we are not a PUBLISHER
Sit tight, fanbois. Apple's '$400' wearable release slips into early 2015
Sources: time to put in plenty of clock-watching for' iWatch
Facebook to let stalkers unearth buried posts with mobe search
Prepare to HAUNT your pal's back catalogue
prev story

Whitepapers

Endpoint data privacy in the cloud is easier than you think
Innovations in encryption and storage resolve issues of data privacy and key requirements for companies to look for in a solution.
Implementing global e-invoicing with guaranteed legal certainty
Explaining the role local tax compliance plays in successful supply chain management and e-business and how leading global brands are addressing this.
Advanced data protection for your virtualized environments
Find a natural fit for optimizing protection for the often resource-constrained data protection process found in virtual environments.
Boost IT visibility and business value
How building a great service catalog relieves pressure points and demonstrates the value of IT service management.
Next gen security for virtualised datacentres
Legacy security solutions are inefficient due to the architectural differences between physical and virtual environments.