SAN FRANCISCO — November 3, 2008 — Riverbed Technology (Nasdaq: RVBD), the technology and market leader in wide-area data services (WDS), today announced that it has been ranked 10th in the Rising Star category in Deloitte’s Technology Fast 50 program for Silicon Valley. The Rising Star award is a special designation for fast-growth companies that have been in business a minimum of three years, and is part of the Silicon Valley Technology Fast 50 program.  Riverbed® was ranked number ten based on its 930 percent revenue growth during a three year period.

Rising Star rankings are based on percentage revenue growth over three years (2005–2007).  This year’s Silicon Valley Technology Fast 50 program is co-presented by Deloitte, Silicon Valley Bank, Korn/Ferry International, Cooley Godward Kronish LLP, Cornish & Carey Client Solutions, and ABD Insurance and Financial Services – A Wells Fargo Company. 

The Riverbed award-winning Steelhead® products enable organizations of all sizes to speed the performance of applications between data centers, remote offices and mobile workers by five to 50 times and in some cases up to 100 times, delivering a performance multiplier to customers’ existing IT infrastructure. Riverbed makes IT consolidation possible without degrading application performance, speeds backup and replication times over the WAN to ensure data integrity and efficiency, and improves staff productivity and collaboration across customers’ value chain. Steelhead products have been deployed in organizations ranging from the world’s largest corporations with offices around the globe to small companies with a couple of sites that are just miles apart.

“The Deloitte Silicon Valley Technology Fast 50 Rising Star companies have shown the strength, vision and tenacity to succeed despite a very challenging technology environment,” said Mark Jensen, partner and national director, Venture Capital Services, Deloitte & Touche LLP.  “We applaud the successes of Riverbed and acknowledge its place as one of the few to accomplish such a fast growth rate over the past three years.”

"We’ve come a long way since our successful IPO in 2006," said Jerry Kennelly, president and CEO at Riverbed Technology.  “Our innovative technology that improves the performance and efficiency of our customers’ entire IT infrastructure, combined with more than 5,000 customer deployments, has served as the foundation for our financial success.   We will continue to deliver products in 2009 and beyond that deliver on our vision of a day when all data can be accessed instantly by anyone from anywhere. Today, in this economic environment, CIOs are under extreme pressure to deliver a cost-effective and agile infrastructure that can perform as well as scale. Our 5,000 customers have already figured it out.”  

To qualify for the Technology Fast 50 Rising Star program, companies must be incorporated a minimum of three years and have revenues in only three or four years, have operating revenues of at least $50,000 in 2005 and $5,000,000 in 2007, be headquartered within the San Francisco Bay Area (subsidiaries or divisions are not eligible, unless they have some public ownership and are separately traded), and own proprietary technology or proprietary intellectual property that contributes to a significant portion of the company's operating revenues or devote a significant proportion of revenues to the research and development of technology.  Using other companies' technology or intellectual property in a unique way does not qualify.

Rising Star companies are automatically entered in Deloitte’s Technology Fast 500 Rising Star category.  Its Rising Star ranking is based on percentage revenue growth over three years (2005–2007). For more information on Deloitte’s Technology Fast 500 or Technology Fast 50 programs, visit www.fast500.com.

About Deloitte
As used in this document, “Deloitte” means Deloitte LLP.  Please see www.deloitte.com/about for a detailed description of the legal structure of Deloitte LLP and its subsidiaries.

Steelhead Products
Riverbed WDS solutions enable organizations of all sizes to overcome a host of severe problems, including poor application performance and insufficient bandwidth at remote sites. By speeding the performance of applications between data centers, remote offices and mobile workers by five to 50 times and in some cases up to 100 times, the Riverbed award-winning Steelhead WDS products enable companies to consolidate IT, improve backup and replication processes to ensure data integrity, and improve staff productivity and collaboration. Steelhead products have been deployed in organizations ranging from the world’s largest corporations with offices around the globe to small companies with a couple of sites that are just miles apart. To learn more, view Riverbed’s demo: www.riverbed.com/pr/jack.

Forward Looking Statements
This press release contains forward-looking statements, including statements relating to the expected demand for Riverbed's products and services, statements about historical revenue results that may suggest trends for our business, statements of the plans, strategies and objectives of management for future operations, and statements relating to Riverbed’s ability to meet the needs of distributed organizations. These forward-looking statements involve risks and uncertainties, as well as assumptions that, if they do not fully materialize or prove incorrect, could cause our results to differ materially from those expressed or implied by such forward-looking statements.  The risks and uncertainties that could cause our results to differ materially from those expressed or implied by such forward-looking statements include our ability to react to trends and challenges in our business and the markets in which we operate; our ability to anticipate market needs or develop new or enhanced products to meet those needs; the adoption rate of our products; our ability to establish and maintain successful relationships with our distribution partners; our ability to compete in our industry; fluctuations in demand, sales cycles and prices for our products and services; shortages or price fluctuations in our supply chain; our ability to protect our intellectual property rights; general political, economic and market conditions and events; and other risks and uncertainties described more fully in our documents filed with or furnished to the Securities and Exchange Commission.  More information about these and other risks that may impact Riverbed’s business are set forth in our Form 10-Q filed with the SEC on October 30, 2008.  All forward-looking statements in this press release are based on information available to us as of the date hereof, and we assume no obligation to update these forward-looking statements.  Any future product, feature or related specification that may be referenced in this release are for information purposes only and are not commitments to deliver any technology or enhancement. Riverbed reserves the right to modify future product plans at any time.

About Riverbed
Riverbed Technology is the technology and market leader in wide-area data services (WDS) solutions for companies worldwide.  By enabling application performance over the wide area network (WAN) that is orders of magnitude faster than what users experience today, Riverbed is changing the way people work, and enabling a distributed workforce that can collaborate as if they were local. Additional information about Riverbed (Nasdaq: RVBD) is available at www.riverbed.com.

Riverbed Technology, Riverbed, Steelhead, RiOS, Interceptor, and the Riverbed logo are trademarks or registered trademarks of Riverbed Technology, Inc. All other trademarks used or mentioned herein belong to their respective owners.

MEDIA CONTACT
Kristalle Ward
Riverbed Technology
415-247-8140
Kristalle.Ward@riverbed.com

INVESTOR RELATIONS CONTACT
Renee Lyall
Riverbed Technology
415-247-6353
Renee.Lyall@riverbed.com

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