Riverbed to acquire Opnet in $1B deal

The deal will help Riverbed expand into application performance management

Riverbed Technology will acquire Opnet Technologies for about US$1 billion, the two companies said Monday.

Riverbed said the acquisition will enable it to expand its network performance management business into the application performance management market.

The deal will see Riverbed pay $43 per share to Opnet shareholders, divided into $36.55 in cash and 0.2774 percent of a share of Riverbed common stock. Riverbed said the deal is expected to close by the end of this year.

"This acquisition also transforms Riverbed into a billion-dollar revenue company," Jerry Kennelly, Riverbed's chairman and CEO, said in a statement.

The announcement came as Opnet announced its earnings for the quarter from July to September. It said quarterly revenue was $47 million, a jump from $42 million in the same quarter last year.

Martyn Williams covers mobile telecoms, Silicon Valley and general technology breaking news for The IDG News Service. Follow Martyn on Twitter at @martyn_williams. Martyn's e-mail address is martyn_williams@idg.com

Join the newsletter!

Or
Error: Please check your email address.
Rocket to Success - Your 10 Tips for Smarter ERP System Selection

Tags managementMergers and acquisitionsbusiness issuesNetworkingsoftwaresystem managementTraffic managementRiverbed TechnologyOpnet Technologies

Keep up with the latest tech news, reviews and previews by subscribing to the Good Gear Guide newsletter.

Martyn Williams

IDG News Service
Show Comments

Essentials

Mobile

Exec

Budget

Back To Business Guide

Click for more ›

Brand Post

Most Popular Reviews

Latest Articles

Resources

PCW Evaluation Team

Andrew Teoh

Brother MFC-L9570CDW Multifunction Printer

Touch screen visibility and operation was great and easy to navigate. Each menu and sub-menu was in an understandable order and category

Louise Coady

Brother MFC-L9570CDW Multifunction Printer

The printer was convenient, produced clear and vibrant images and was very easy to use

Edwina Hargreaves

WD My Cloud Home

I would recommend this device for families and small businesses who want one safe place to store all their important digital content and a way to easily share it with friends, family, business partners, or customers.

Walid Mikhael

Brother QL-820NWB Professional Label Printer

It’s easy to set up, it’s compact and quiet when printing and to top if off, the print quality is excellent. This is hands down the best printer I’ve used for printing labels.

Ben Ramsden

Sharp PN-40TC1 Huddle Board

Brainstorming, innovation, problem solving, and negotiation have all become much more productive and valuable if people can easily collaborate in real time with minimal friction.

Sarah Ieroianni

Brother QL-820NWB Professional Label Printer

The print quality also does not disappoint, it’s clear, bold, doesn’t smudge and the text is perfectly sized.

Featured Content

Latest Jobs

Don’t have an account? Sign up here

Don't have an account? Sign up now

Forgot password?