Thoma Bravo, a leading private equity investment firm, and Teachers’ Private Capital, the private investor department of Ontario Teachers’ Pension Plan, completed their previously announced acquisition of Riverbed Technology. The acquisition is valued at approximately $3.5 billion, with Riverbed stockholders receiving $21.00 per share in cash.
“With this acquisition now complete, our team can begin to move forward with the strategic initiatives that will take us to the next stage of growth,” said Jerry M. Kennelly, chairman and CEO of Riverbed. “As a private company, Riverbed is better positioned to pursue our long term goals, and has greater flexibility to develop best-of breed technologies that deliver superior application performance for our customers. This flexibility, alongside Thoma Bravo’s deep experience growing companies in the application performance space, makes us very excited about the future.”
- On Friday, April 24, various sources reported a significant layoff of employees at Riverbed’s HQ in San Francisco.
- Previous networking investments by Thoma Bravo have included: Blue Coat Systems, Empirix, InfoVista, Keynote Systems, Sailpoint Technologies, and others.
