Feeds

Riverbed to slurp Opnet for cool $1 billion

Management software, comfort food for a tough economy

Intelligent flash storage arrays

Network gear manufacturer Riverbed Technology is about to slurp software firm Opnet Technologies for a cool $1bn.

Opnet's software manages traffic on networks, an area of the industry that has held steadier than orders for network hardware.

Like everyone else in the world, telcos are tightening their belts and waiting for the global turnaround to start feeling a lot more like it's actually happening before spending any big money on network gear. But network management software is still doing well as the telcos try to milk the most out of their Wide Area Networks.

Riverbed already has WAN optimisation products but adding Opnet stuff will strengthen the firm in that market.

The network company said it hoped to close the acquisition by the end of this year. With Opnet on board, Riverbed is expecting its 2013 revenue to exceed $1bn.

“The addition of Opnet establishes Riverbed as the clear leader in the high-growth and converging application and network performance management markets,” Jerry Kennelly, chief of Riverbed, said in a canned statement. “This acquisition also transforms Riverbed into a billion dollar revenue company." ®

Top 5 reasons to deploy VMware with Tegile

More from The Register

next story
I'll be back (and forward): Hollywood's time travel tribulations
Quick, call the Time Cops to sort out this paradox!
Musicians sue UK.gov over 'zero pay' copyright fix
Everyone else in Europe compensates us - why can't you?
Megaupload overlord Kim Dotcom: The US HAS RADICALISED ME!
Now my lawyers have bailed 'cos I'm 'OFFICIALLY' BROKE
MI6 oversight report on Lee Rigby murder: US web giants offer 'safe haven for TERRORISM'
PM urged to 'prioritise issue' after Facebook hindsight find
BT said to have pulled patent-infringing boxes from DSL network
Take your license demand and stick it in your ASSIA
Right to be forgotten should apply to Google.com too: EU
And hey - no need to tell the website you've de-listed. That'll make it easier ...
prev story

Whitepapers

10 ways wire data helps conquer IT complexity
IT teams can automatically detect problems across the IT environment, spot data theft, select unique pieces of transaction payloads to send to a data source, and more.
The total economic impact of Druva inSync
Examining the ROI enterprises may realize by implementing inSync, as they look to improve backup and recovery of endpoint data in a cost-effective manner.
Getting started with customer-focused identity management
Learn why identity is a fundamental requirement to digital growth, and how without it there is no way to identify and engage customers in a meaningful way.
Reg Reader Research: SaaS based Email and Office Productivity Tools
Read this Reg reader report which provides advice and guidance for SMBs towards the use of SaaS based email and Office productivity tools.
Security and trust: The backbone of doing business over the internet
Explores the current state of website security and the contributions Symantec is making to help organizations protect critical data and build trust with customers.