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Vector Capital acquires Riverbed Technology

Vector Capital, a San Francisco-based private equity firm focused on investments in technology businesses with over $4 billion of capital across its private equity and credit strategies, has acquired Riverbed Technology, an IT enterprise solutions provider for global organisations.

Vector Capital (Vector), a San Francisco-based private equity firm focused on investments in technology businesses with over $4 billion of capital across its private equity and credit strategies, has acquired Riverbed Technology (Riverbed), an IT enterprise solutions provider for global organisations.

In connection with the close of the transaction, Dave Donatelli has been named Chief Executive Officer, effective immediately. 

Dan Smoot, who previously served as CEO, will continue to support the Company on a transitional basis.

Donatelli previously served as the Executive Vice President of the Cloud Business Group at Oracle Corporation. Prior to that, he held the position of Executive Vice President of the Enterprise Group at Hewlett-Packard, leading the $30 billion division and overseeing storage, server, networking, and converged infrastructure solutions. 

Donatelli most recently served as the lead independent director at MarkLogic, a data management and data integration solutions provider and Vector Capital portfolio company.

John Theler, who most recently served as the CFO at MarkLogic and earlier as the CFO at Riverbed, is rejoining the company as Chief Financial Officer. Theler brings over 25 years of experience as a financial professional for both large public and mid-sized privately owned software, hardware, SaaS and technology-solutions businesses. 

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