Riverbed acquires Zeus

Riverbed Technology, an America-based WAN optimization and network traffic measurement company has acquired Zeus Technology, a UK-based, traffic management solutions company. As per the terms of the acquisition, Riverbed will pay approximately $110 million in cash for the securities of Zeus and up to an additional $30 million in cash based on the achievement of certain bookings targets in a defined twelve month period following the closing.

Jerry Kennelly, president and CEO at Riverbed said, “Our goal is to have the broadest and best portfolio of performance optimization products to solve a range of customer performance problems. The acquisition of Zeus is a perfect fit with that strategy.

Jim Darragh, former CEO of Zeus said, “There is great synergy between our technologies, employees and corporate strategies, and we share Riverbed's vision of delivering performance solutions for all applications.”