News and Announcements

Prepare for Converged, Adaptive Infrastructure with International Integrated Solutions Ltd., a new HP ProCurve Master Partner International Integrated Solutions, Ltd. (IIS), a leading provider of mission critical IT solutions, today announced that it has achieved HP ProCurve Master Partner status as a result of its investment, qualifications and experience in the networking solutions marketplace. The ProCurve Master Partner designation distinguishes IIS as one of an elite group of HP ProCurve’s best and most qualified integrators. As a ProCurve Master partner, IIS is able to provide its clients with the highest levels of expertise with respect to their HP networking requirements, while gaining access to HP resources, including an HP ProCurve Sales Specialist, the HP Network Design Center, and HP post-implementation support. "Our investment to become a ProCurve Master partner extends our highly competitive IT solution offerings, meeting the demands of our customers today and in the future. With the rapidly moving convergence of the networking and computing stacks, ProCurve is one of the cornerstones of HP’s strategy for adaptive data center solutions for virtualized and cloud computing environments," said John Iacone, CEO of IIS. Partner certifications, customer satisfaction history, technical expertise, plus validation by HP field sales personnel are key elements HP considers when awarding this designation. The ProCurve Master status reflects IIS’s ability to deliver and deploy complete solutions, as well as first-class complementary services. “ProCurve Master status recognizes IIS’s continued investment in delivering extraordinary value to our customers," said Jeff Smith, Director of Business Development of IIS. "We welcome the opportunity to architect and deploy HP ProCurve networking infrastructure solutions in conjunction with other HP solution elements to address the complete IT needs of our customers. We are able to maximize ROI for our customers as a result of effectively utilizing best in class products to meet their business and technical requirements. ”

San Francisco – April 23, 2009 – Riverbed Technology (NASDAQ:RVBD), the IT infrastructure performance company for networks, applications and storage, today reported financial results for its first quarter ended March 31, 2009 (Q1'09). Total GAAP revenue for Q1'09 was $88.2 million, an increase of 21% from $73.0 million of GAAP revenue reported in the first quarter of fiscal year 2008 (Q1'08). GAAP net income for Q1'09 was $974,000, or $0.01 per diluted share. This compares to GAAP net income of $638,000, or $0.01 per diluted share, in Q1'08. Non-GAAP revenue for Q1'09 was $88.5 million, an increase of 21% from $73.0 million of revenue reported in Q1'08. Non-GAAP net income for Q1'09 was $9.2 million, or $0.13 per diluted share, as compared to non-GAAP net income for Q1'08 of $7.9 million, or $0.11 per diluted share. "We are pleased with the strong results we are reporting for the first quarter," said Jerry M. Kennelly, Riverbed® president and CEO. "We executed well, achieving 21 percent year-over-year revenue growth and a 33 percent increase in non-GAAP operating profit. Riverbed's core value proposition of delivering increased efficiency, as well as the strong return on investment and short payback associated with the deployment of our products, is extremely compelling, even more so in a challenging economic environment. Our ability to deliver that kind of value is why companies choose Riverbed." Q1'09 Financial Highlights Revenue increased 21% year-over-year Accounts receivable days sales outstanding improved to 44 days Deferred revenue increased to $64.5 million Cash flow from operations was $27.1 million Cash, cash equivalents, and marketable securities of $258.2 million and no debt Q1'09 Business Highlights Announced an OEM agreement with Microsoft to license Windows Server 2008 for integration on the Riverbed Steelhead® appliance through the Riverbed Services Platform (RSP) Included as the only WAN optimization vendor in HP Procurve's Open Network Ecosystem (ProCurve ONE) Achieved E-lab qualification with EMC® Symmetrix® Remote Data Facility/Asynchronous product (SRDF/A) to accelerate disaster recovery and business continuity solutions Completed the acquisition of Mazu Networks allowing Riverbed to offer the most compelling enterprise-wide system for closed-loop application performance delivery over the WAN Continued to strengthen its service provider channel, adding a new managed service offering with Singapore Telecommunications Limited (SingTel) Awarded best WAN Accelerator for the fifth consecutive year by InfoWorld

SAN FRANCISCO, CA – January 26, 2009 – Riverbed Technology (NASDAQ: RVBD), the IT infrastructure performance company for networks, applications and storage, today announced that the company is working with HP ProCurve to deliver WAN optimization through the HP ProCurve Open Network Ecosystem (HP ProCurve ONE), a new multi-vendor alliance program. As part of this relationship, Riverbed® will enable its Riverbed Optimization System, which powers its Steelhead® product family, to run on the HP ProCurve ONE Services zl module, a blade for the HP ProCurve Switch 5400zl and 8200zl series that consolidates partner applications onto a common platform, enabling reduced costs and optimizing rack space. Riverbed WAN optimization running on HP ProCurve infrastructure provides customers with a next-generation data center solution that allows CIOs to reconcile the conflicting demands of serving distributed employees with ever increasing data management requirements with centralized IT. The joint solution should be available in the second half of 2009. “There is a widening gap between IT requirements and budgets,” said Eric Wolford, senior vice president, marketing and business development at Riverbed. “Efforts such as IT centralization, virtualization and data center consolidation are often motivated by an effort to close that gap, but often introduce performance issues at remote locations that affect the business bottom-line. Riverbed WAN optimization solutions help overcome these issues and can make cost-cutting efforts such as IT consolidation and workforce efficiency a reality. The inclusion of the Riverbed Optimization System in the HP ProCurve ONE gives customers moving to next-generation data center models a solution that can reduce costs and the complexity of network management, while improving application performance and employee productivity.” HP ProCurve ONE allows customers to choose from a selection of market-leading applications and to integrate them with their networks, having the confidence that the solution has been pre-tested. To educate and support enterprises on best practices, Riverbed and HP ProCurve plan to jointly market and sell their existing solutions. “To help customers address the increased pace of change within their businesses, HP ProCurve is combining its own technology with some of the most innovative, respected and visionary companies in the world,” said Marius Haas, senior vice president and general manager, HP ProCurve. “The integration of Riverbed’s WAN optimization with HP ProCurve infrastructure provides customers with a reliable solution for distributed enterprise environments that addresses their changing data center needs and can increase the efficiency of network applications.” Riverbed is an IT infrastructure performance company offering a family of WAN optimization solutions that can provide customers an order-of-magnitude more value from existing investments in networking, storage and applications. Riverbed eliminates the need to sacrifice IT strategy while cutting budgets. Riverbed products are designed to address the constraints of distance and time, arming workers with faster application performance whether they are using applications hosted in a data center, working in a remote office or using a laptop. With Riverbed, IT can adapt more quickly and support today’s fluid, fast-paced and increasingly dispersed organization without requiring significant upgrades in more storage, network bandwidth or equipment. Riverbed helps squeeze more value from all IT initiatives, making possible a new level of IT effectiveness while managing costs. Over 5,000 of the world’s most demanding businesses trust Riverbed to help them manage costs, while improving the overall performance of their IT infrastructure. According to IDC, organizations that deploy Steelhead appliances achieve an average return on investment of 7.3 months. To learn more, view Riverbed’s demo: www.riverbed.com/pr/jack.