SAN FRANCISCO, CA--(Marketwire -01/11/12)- Riverbed Technology (NASDAQ: RVBD - News), the IT performance company, today announced that it has purchased certain assets of Expand Networks, including its intellectual property, out of liquidation in Israel. Riverbed® did not purchase the corporate entity of Expand Networks and has not assumed any of Expand's liabilities, obligations or contracts.
Riverbed plans to make available for purchase new technical support offerings for Expand products, and expects to work with former Expand customers to explore promotional upgrade opportunities.
For more information, Riverbed encourages Expand Networks' customers and partners to view the following Frequently Asked Questions link: https://support.riverbed.com/kb/solution.htm?Id=50140000000b0RW
Forward Looking Statements
This press release and accompanying FAQ contains forward-looking statements, including statements relating to the benefits expected to be provided to Riverbed and its business by the acquisition of certain assets of Expand Networks, and statements relating to Riverbed's current intentions regarding the support of Expand products. These forward-looking statements involve risks and uncertainties, as well as assumptions that, if they do not fully materialize or prove incorrect, could cause our results to differ materially from those expressed or implied by such forward-looking statements. The risks and uncertainties that could cause our results to differ materially from those expressed or implied by such forward-looking statements include our ability to react to trends and challenges in our business and the markets in which we operate; our ability to anticipate market needs or develop new or enhanced products to meet those needs; the adoption rate of our products; our ability to establish and maintain successful relationships with our distribution partners; our ability to compete in our industry; fluctuations in demand, sales cycles and prices for our products and services; shortages or price fluctuations in our supply chain; our ability to protect our intellectual property rights; general political, economic and market conditions and events; and other risks and uncertainties described more fully in our documents filed with or furnished to the Securities and Exchange Commission. More information about these and other risks that may impact Riverbed's business are set forth in our Form 10-Q filed with the SEC on October 28, 2011. All forward-looking statements in this press release are based on information available to us as of the date hereof, and we assume no obligation to update these forward-looking statements. Any future product, feature or related specification that may be referenced in this release are for information purposes only and are not commitments to deliver any technology or enhancement. Riverbed reserves the right to modify future product plans at any time.
Riverbed delivers performance for the globally connected enterprise. With Riverbed, enterprises can successfully and intelligently implement strategic initiatives such as virtualization, consolidation, cloud computing, and disaster recovery without fear of compromising performance. By giving enterprises the platform they need to understand, optimize and consolidate their IT, Riverbed helps enterprises to build a fast, fluid and dynamic IT architecture that aligns with the business needs of the organization. Additional information about Riverbed (NASDAQ: RVBD - News) is available at www.riverbed.com.
Riverbed and any Riverbed product or service name or logo used herein are trademarks of Riverbed Technology, Inc. All other trademarks used herein belong to their respective owners.