OTPP-backed Riverbed Technology to buy VC-backed Xirrus
Riverbed Technology Inc has agreed to acquire Xirrus, a Thousand Oaks, California maker of wireless networking products. No financial terms were released. San Francisco's Riverbed said the deal, expected to close this month, will help expand its software-defined wide area network and cloud networking solution. Riverbed was acquired two years ago by Thoma Bravo and Ontario Teachers’ Pension Plan (OTPP) for about US$3.5 billion. Xirrus is backed by August Capital, Canaan Partners, InterWest Partners, QuestMark Partners, US Venture Partners and others.
20 April 2017•5 mins read
