Riverbed Technology agreed to acquire Mazu Networks, a privately-owned company that supplies WAN management software, for $25 million in cash at closing plus up to an additional $22 million in cash if certain sales targets are met.
Mazu Networks' software provides a holistic, real-time view of application usage and performance. This perspective is critical to understanding the application environment and taking the right steps to validate and ensure delivery of business-critical applications across the wide area network (WAN). Mazu is based in Cambridge, Massachusetts.
Riverbed said the acquisition of Mazu Networks allows it to meet enterprise and service provider customer demands by extending its suite of WAN optimization products to include global application performance, reporting and analytics.
"The market for WAN optimization is fast becoming more mainstream and increasingly our enterprise and service provider customers are demanding more visibility, reporting and analytics capabilities from us as they seek to deploy more robust infrastructure for managing their global applications," said Jerry M. Kennelly, president and CEO of Riverbed. "This requirement is driven by the enterprise's need to reduce costs via consolidation, improve end-user productivity, and leverage technology to streamline business processes."http://www.riverbed.com
- Mazu Networks is headed by Paul Brady, who previously was president and chief operating officer of Guardent, a leading Managed Security Services Provider (MSSP) that was acquired by Verisign in February of 2004.
- Mazu's investors include Greylock Partners, Matrix Partners, Pilot House Ventures, StarVest Partners, Benchmark Capital and Symantec.
