The two firms will become independent publicly traded companies in 2015. The move follows pressure from investor Carl Icahn to spin off the payments ...
Today's enterprises are increasingly adopting public cloud computing services to avoid costly infrastructure build out.
INTEROP Las Vegas – May 10, 2011 - Akamai Technologies, Inc. (NASDAQ: AKAM), the leading provider of cloud optimization services, and Riverbed Technology (NASDAQ: RVBD), the IT performance company, today announced their work on a joint offering designed to overcome the application performance bottlenecks facing enterprises that leverage public cloud services. Today's enterprises are increasingly adopting public cloud computing services to avoid costly infrastructure build out, and to bring efficiency to business models such as software as a service (SaaS). As a result, business applications in the cloud, having once resided within the corporate network, are being accessed over an often unpredictable public Internet. New solutions are required to overcome the performance, availability, scalability and security issues introduced by this hybrid network environment.
"Enterprises are increasingly deploying a mix of both in-house and cloud-based applications," said Joe Skorupa, research vice president, data center transformation, at Gartner. "As this shift to hybrid networks occurs, ensuring application performance and end-user productivity is critical, creating a need to integrate access to corporate applications, as well as SaaS, in a single pervasive framework." Akamai and Riverbed® are announcing their intention to develop a joint application acceleration solution for hybrid cloud networks that leverages a combination of Internet optimization and wide area network (WAN) optimization.
The planned solution would be designed to accelerate cloud-based applications. Akamai and Riverbed offerings are already used separately today by more than 13,000 organizations, including by Fortune 500 businesses worldwide. Akamai's globally-distributed network of more than 90,000 servers deployed in the cloud provides route, protocol and application layer optimizations for the Internet, and serves roughly 30 percent of all Web traffic. Riverbed has thousands of appliances deployed within enterprise networks providing network, application and storage optimizations for the WAN. In creating a joint offering, Akamai and Riverbed intend to focus on technology integration designed to solve the new application performance challenges introduced by hybrid cloud networks. Akamai Internet optimization software would be integrated within Riverbed Steelhead® appliances with the goal of extending Internet optimizations into enterprise networks, thereby extending Akamai's edge from close proximity to the data center to directly within the enterprise. In addition, Riverbed WAN optimization software would be integrated within Akamai edge servers with the goal of extending WAN optimization into the public cloud, thereby extending Riverbed's edge from the data center to close proximity to cloud data centers.
"The rapid move to the cloud presents new opportunities for two industry leaders, Riverbed and Akamai, to create solutions for enterprises to simplify their extension to the cloud while leveraging the infrastructure they already have in place," said Eric Wolford, executive vice president of Marketing and Business Development, Riverbed. "Accelerating software as a service, for example, across a hybrid cloud environment helps businesses increase application adoption. We believe that greater adoption means improved business results, operating and infrastructure savings, and user productivity." "Akamai's highly-distributed architecture is close to any public cloud infrastructure and Riverbed Steelhead appliances stretch across thousands of enterprise IT networks from the data center to the branch office and mobile worker," said Willie Tejada, vice president, Application and Site Acceleration, Akamai. "The alliance is focused on marrying best-in-class protocol optimizations for maximum acceleration and infrastructure offload. Together, both companies expect to provide a seamless solution with quick time-to-value while leveraging each other's existing footprints." The joint offering is expected to be available early in 2012. Both companies invite existing and prospective customers to visit http://www.akamai.com/riverbed or http://www.riverbed.com/akamai to learn more about the strategic relationship.
Akamai® provides market-leading, cloud-based services for optimizing Web and mobile content and applications, online HD video, and secure e-commerce. Combining highly-distributed, energy-efficient computing with intelligent software, Akamai's global platform is transforming the cloud into a more viable place to inform, entertain, advertise, transact and collaborate. To learn how the world's leading enterprises are optimizing their business in the cloud, please visit www.akamai.com and follow @Akamai on Twitter.
Riverbed delivers performance for the globally connected enterprise. With Riverbed, enterprises can successfully and intelligently implement strategic initiatives such as virtualization, consolidation, cloud computing, and disaster recovery without fear of compromising performance. By giving enterprises the platform they need to understand, optimize and consolidate their IT, Riverbed helps enterprises to build a fast, fluid and dynamic IT architecture that aligns with the business needs of the organization. Additional information about Riverbed (NASDAQ: RVBD) is available at www.riverbed.com. Riverbed and any Riverbed product or service name or logo used herein are trademarks of Riverbed Technology, Inc. All other trademarks used herein belong to their respective owners.