Riverbed has been shopping again.
This time, it’s looking to purchase Zeus Technology and Aptimize. Both of these are privately owned companies, with Zeus being based in Cambridge in the UK.
This appears to be looking to take on board the ADC and optimization technology of both organisations, forming an “asymmetric optimization technology” business unit. The asymmetric bit appears to be looking to cover the Internet and single-ended optimization capabilities in the Riverbed portfolio, which in part started to be addressed with the Whitewater cloud storage accelerators.
Under 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. The acquisition is expected to be approximately breakeven to Riverbed earnings in the second half of 2011 and accretive beginning in 2012. – Riverbed press release
http://www.riverbed.com:80/us/company/news/press_releases/2011/press_071911b.php
