Thoma Bravo, OTPP Agree to $3.6B Buyout of Riverbed
December 16, 2014
Thoma Bravo and Ontario Teachers' Pension Plan have agreed to purchase Riverbed Technology (NASDAQ: RVBD) in a public-to-private buyout for $21 per share, valuing the company at about $3.6 billion. Serving over 25,000 customers, Riverbed provides a platform for hybrid enterprises to ensure applications perform as expected, data remains available when needed, and performance issues can be proactively detected and resolved before impacting business performance. The investment is Thoma Bravo's largest ever and represents a nearly 3.4% premium to Riverbed’s Monday closing share price, which went up more than 8% upon news of the buyout.