Riverbed Technology announced the acquisition of Germany-based Ocedo, a provider of software-defined networking and SD-WAN (software-defined wide-area-network) solutions.
According to Riverbed, the acquisition furthers their strategy to deliver next-generation, software-defined networking solutions that provide superior application performance and business agility for today’s hybrid enterprises. The acquisition of the privately-held company will expand and accelerate Riverbed’s delivery of SD-WAN solutions to customers, while creating significant new growth opportunities for Riverbed and its partners.
“Ocedo is a compelling and strategic acquisition for Riverbed. Their innovative software-defined networking solutions perfectly complement our own strategic investments in R&D, expanding our position to aggressively compete in the emerging markets for software-defined networks and SD-WAN, bringing disruption to the multi-billion dollar branch router market,” said Jerry M. Kennelly, Riverbed Chairman and Chief Executive Officer. “As the industry goes through one of the largest transformations in a decade, with cloud and hybrid IT environments requiring a different approach to networking, Riverbed is well positioned to help businesses reap the benefits of newer and superior network architectures that are application-centric and software-defined.”
Riverbed highlights that the acquisition further fuels their Project Tiger initiative, announced in Fall 2015, in which they plan to bring to market a new suite of application-centric SD-WAN solutions that will eliminate the need for traditional branch routers, provides cloud-based zero-touch provisioning and management, and will be based on a new software operating platform that enables agile service-chaining for Riverbed-native and third-party services and applications. Riverbed plans to launch an initial SD-WAN solution in Q1 2016 to complement and expand the Riverbed Application Performance Platform.
“The Ocedo acquisition is fantastic news for Riverbed’s ecosystem of technology partners, channel partners, system integrators and service providers,” said Karl Meulema, Senior Vice President of Global Channels. “With this acquisition and our SD-WAN strategy, the total addressable market grows exponentially for Riverbed and our partners. We are excited to provide partners with a comprehensive SD-WAN offering that leverages innovative technology, reliability, and the strength of the Riverbed brand. With the shift towards software-defined WAN, there’s a great service opportunity for our partners to help guide their customers through that transition. As these products evolve further, building out SD-WAN as a service is just one of the many service examples that we foresee in the very near future.”
In addition to its technology, Ocedo brings to Riverbed experienced leaders and engineering talent. The founding team of Ocedo brings decades of experience in the networking industry, including co-founding Astaro, a network security company acquired by Sophos in 2011.
The transaction closed on 19th January 2016. Financial terms of the deal were not disclosed.