Riverbed Aims to Grow Performance Management Biz in 2013
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2012 was also particularly notable for Riverbed's performance management business. The company debuted new Cascade appliances during the year and also made a major acquisition. Riverbed acquired OPNET for $1 Billion in October adding new application performance management capabilities.
Jerry Kennelly, Co-Founder, Executive Chairman, Chief Executive Officer and President of Riverbed said during his company's earnings call that Riverbed's Performance Management (RPM) technology is now the combination of Cascade and OPNET technologies.
"The integration of OPNET and Cascade creates a comprehensive performance management solution much greater than the sum of the two parts," Kennelly said. "RPM returns visibility control to the operations team as the ability to monitor real-time end-user experience is critical to the success of highly virtualized and hybrid infrastructure evolving today."
Riverbed reported its fourth-quarter and full-year fiscal 2012 results late Thursday, showing continued traction for the company's core WAN optimization business.
For the full year 2012, Riverbed reported revenue of $837 million, which is a 15 percent year-over-year gain. Net income for the year came in at $55 million, which is a decline from the $64 million reported for 2011.