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Stock Market & Financial Investment News

News Breaks
December 11, 2012
09:02 EDTRVBDRiverbed deployed by Wilden Pump
To securely speed backup data to Amazon Simple Storage Service, Wilden Pump deployed solutions from Riverbed Technology and Veeam Software, innovative provider of backup, replication, and virtualization management solutions for VMware vSphere and Hyper-V. By combining Riverbed Whitewater appliances with Veeam Software's Backup & Replication v6, backups to the cloud are now completed in one easy step. As a result of the deployment, Wilden Pump has reduced storage requirements by more than seven times and management of backup operations by 30%. The reduced storage requirements and simplified management save Wilden Pump more than $100,000 annually in cloud storage fees while improving the overall efficiency of its disaster recovery processes, leading to more reliable data protection.
News For RVBD From The Last 14 Days
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September 12, 2014
20:39 EDTRVBDRiverbed announces developments in litigation with Silver Peak
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20:35 EDTRVBDJudge upholds infringement verdict against Riverbed in favor of Silver Peak
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September 10, 2014
12:42 EDTRVBDElliott says $21/share Riverbed offer stands, board not working with holders
Elliott Management issued a public statement regarding Riverbed Technology, stating in part: “Riverbed’s announcement today sends a clear message to shareholders: We don’t care what you think...Going against every modern principle of shareholder engagement and good corporate governance, Riverbed’s Board has decided to ignore the wishes of shareholders on every count. The Board didn’t just ignore the larger message to stop entrenching and engage. It even decided to keep the Board member that was voted off, failed to articulate any meaningful changes to the compensation plan, and chose to keep its poison pill. Above all, the Board continues to ignore serious acquisition interest even after the company publicly admitted that it will miss its “10% growth plan” by a wide margin...We have tried to engage with this Board, and our cash offer of $21 per share for Riverbed still stands. However, the Board’s decision today indicates that these directors are simply not interested in working with shareholders constructively. As one of the company’s largest shareholders, we intend to remain fully engaged, and we will continue to work toward a value-maximizing outcome.”
12:39 EDTRVBDElliott says $21 per share offer for Riverbed still stands
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12:39 EDTRVBDElliott says Riverbed board not interested in working with shareholders
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08:33 EDTRVBDRiverbed affirms commitment to corporate governance enhancements
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08:31 EDTRVBDRiverbed names Mike Nefkens, Steffan Tomlinson to board of directors
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September 3, 2014
12:22 EDTRVBDRiverbed sees more opportunity than risk in Russia
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12:17 EDTRVBDRiverbed sees Q3 as a strong performing quarter in the government vertical
Comments made at the Citi Global Technology Conference.

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