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Riverbed Grabs Opnet for Application Performance Technology

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http://www.thevarguy.com – Optimization advocate Riverbed Technology (NASDAQ: RVBD) has snapped up Opnet (NASDAQ: OPNT), an application and network performance specialist, paying $43 a share in cash and stock for the company in a transaction that equates to an equity value of $1 billion and an enterprise value of $921 million, according to the parties. What do Riverbed and Opnet get out of the deal? Right off the top, Riverbed gains heft for its strategy to expand beyond optimization to the wider scope of so-called performance technology, a segment officials believe will blow up in size in the near future. With Opnet in (IT news)

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Submitted by niaobid on 10/30/2012 – Made popular on 10/30/2012

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