Arma Partners acted as exclusive financial advisor to Zeus Technology Limited (Zeus) on its sale to Riverbed Technology, Inc (Riverbed). Under the terms of the acquisition, Riverbed will pay approximately USD110 million in cash at closing and up to an additional USD30 million in cash based on the achievement of certain bookings targets over the following year.
Founded in 1995 and backed by Scottish Equity Partners (SEP) and DFJ Esprit, Zeus delivers high performance software-based load balancing and traffic management solutions for virtual and cloud environments. Zeus enables enterprises to deliver applications and websites with a consistently excellent user-experience, whatever the demand, with the flexibility and economics of cloud computing.
Zeus pioneered the development of software-based highly scalable application delivery controllers (ADCs). The Zeus virtual ADC (vADC) delivers the highest performance, and supports the broadest range of hypervisors, including VMware, Xen, HyperV and KVM. Zeus vADC solutions are used by over 1,500 customers worldwide, including seven of the top 10 telecom operators, a majority of the leading cloud service providers, major broadcasters, and top media and e-commerce companies.
The acquisition will form the cornerstone of Riverbed’s asymmetric optimisation strategy. As a software-based solution, the Zeus vADC has many advantages over its hardware-originated peers: it is better suited for virtual and cloud environments; it can migrate across environments; and it can scale on demand. Through this acquisition Riverbed seeks to unlock the potential for integrating both symmetric and asymmetric acceleration approaches in order to deliver the best solution for performance in both private and public cloud environments.