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Riverbed set to be acquired by Vector Capital

After emerging from Chapter 11 bankruptcy in 2021, Riverbed Technology is set to be purchased by Vector Capital. 

Riverbed CEO Dan Smoot (pictured) said: “This transaction is a step forward for Riverbed that will enable us to build on the strong momentum underway.”

Stephen Goodman, a Principal at Vector Capital, added: “With a significantly enhanced balance sheet and greater financial flexibility, Riverbed will have the ability to accelerate offerings like Aternity and Alluvio IQ.”

The company will retain its lender support via a new credit line post-deal, which is set to close in the following months, pending regulatory approvals.