Riverbed Technology Comments on Elliott Management's 13D Filing

Riverbed Technology

, the application performance company, issued the following statement in response to Elliott Management's 13D filing with the SEC today: “Riverbed is focused on creating value for all of our shareholders, and maintains an open dialogue with our shareholders, including Elliott. “Riverbed is pursuing a considered strategy for growth by establishing itself as the leading multi-product platform delivering a complete solution for application and network performance across platforms, locations and devices. Last week we reported, on a non-GAAP basis, third quarter results reflecting 21% year-over-year revenue growth, a nearly 200 basis point sequential improvement in operating margins, and an 18% sequential increase in net income.