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SAN FRANCISCO—April 24, 2015— Thoma Bravo, a leading private equity investment firm, and Teachers' Private Capital, the private investor department of Ontario Teachers' Pension Plan, have completed their acquisition of Riverbed Technology, Inc., the leader in application performance infrastructure. The acquisition is valued at approximately $3.5 billion, with Riverbed stockholders receiving $21.00 per share in cash. With the transaction's close, Riverbed stock has ceased trading on the NASDAQ under the ticker symbol RVBD.

"Riverbed is a clear industry leader and significant addition to our portfolio of software companies," said Seth Boro, a managing partner at Thoma Bravo. "Our team is looking forward to building upon Riverbed's world class customer support and delivering its market-leading product portfolio to even more enterprise customers."

"With this acquisition now complete, our team can begin to move forward with the strategic initiatives that will take us to the next stage of growth," said Jerry M. Kennelly, chairman and CEO of Riverbed.  "As a private company, Riverbed is better positioned to pursue our long term goals, and has greater flexibility to develop best-of breed technologies that deliver superior application performance for our customers. This flexibility, alongside Thoma Bravo's deep experience growing companies in the application performance space, makes us very excited about the future."

"We're pleased to have the opportunity to partner with Jerry and the entire Riverbed team." said Robert Sayle, a partner at Thoma Bravo. "The application performance sector is poised to see even greater advances in the coming years, and we look forward to helping Riverbed realize its tremendous growth potential."

For Riverbed, Qatalyst Partners and Goldman, Sachs & Co. served as financial advisors, and Wilson Sonsini Goodrich & Rosati, Professional Corporation served as the company's legal advisor. Kirkland & Ellis served as legal advisor to Thoma Bravo; and Barclays, Citigroup, Credit Suisse and Morgan Stanley served as financial advisors on the transaction.

About Thoma Bravo, LLC
Thoma Bravo is a leading private equity investment firm building on a 30+ year history of providing equity and strategic support to experienced management teams and growing companies. The firm seeks to create value by collaborating with company management to improve business operations and provide capital to support growth initiatives. Thoma Bravo invests with a particular focus on application and infrastructure software and technology enabled services. The firm currently manages a series of private equity funds representing more than $8.5 billion of equity commitments.

About Ontario Teachers' Pension Plan
With C$154.5 billion in net assets as of December 31, 2014, the Ontario Teachers' Pension Plan is the largest single-profession pension plan in Canada. An independent organization, it invests the pension fund's assets and administers the pensions of 311,000 active and retired teachers in Ontario. Teachers' Private Capital is the private equity arm of the Ontario Teachers' Pension Plan, and currently has C$21 billion of invested capital.

About Riverbed
Riverbed®, The Digital Performance Company™, is united in our purpose of Advancing the Human Experience in the Digital World.  Behind every digital experience is a human one, and Riverbed enables organizations to measure digital experiences and maximize digital performance so they can deliver better and more powerful human experiences— for customers, employees, partners, patients, and citizens. Riverbed’s Digital Performance Platform includes a combination of Digital Experience Management and Digital Networking solutions that ensure superior digital and user experiences, provides new levels of operational agility and accelerates business outcomes. Riverbed’s 30,000+ customers include 100% of the Forbes Global 100. Learn more at riverbed.com

Riverbed and any Riverbed product or service name or logo used herein are trademarks of Riverbed Technology, Inc. All other trademarks used herein belong to their respective owners.