Riverbed Acquires Ocedo for SD-WAN
Riverbed announced the acquisition of Ocedo, a leading provider of software-defined networking and SD-WAN solutions. Financial terms were not disclosed.
Ocedo, which is based in Karlsruhe, Germany, developed an advanced software-defined branch office networking solution, with a portfolio of products that include secure gateways, wireless access points and switches, and an integrated cloud management system that enables zero-touch provisioning and centralized control of remote devices and network services.
Riverbed said the acquisition furthers its strategy to deliver next-generation, software-defined networking solutions that provide superior application performance and business agility for today’s hybrid enterprises. Ocedo fuels Riverbed’s Project Tiger initiative, announced in Fall 2015, in which Riverbed plans to bring to market a new suite of application-centric SD-WAN solutions that will eliminate the need for traditional branch routers, provides cloud-based zero-touch provisioning & management, and will be based on a new software operating platform that enables agile service-chaining for Riverbed-native and 3rd-party services and applications. Riverbed plans to launch an initial SD-WAN solution in Q1 2016 to complement and expand the Riverbed Application Performance Platform.
“Ocedo is a compelling and strategic acquisition for Riverbed. Their innovative software-defined networking solutions perfectly complement our own strategic investments in R&D, expanding our position to aggressively compete in the emerging markets for software-defined networks and SD-WAN, bringing disruption to the multi-billion dollar branch router market,” said Jerry M. Kennelly, Riverbed Chairman and Chief Executive Officer. “As the industry goes through one of the largest transformations in a decade, with cloud and hybrid IT environments requiring a different approach to networking, Riverbed is well positioned to help businesses reap the benefits of newer and superior network architectures that are application-centric and software-defined.”