John Theler returns to the company in the role of Chief Financial Officer
Vector Capital (“Vector”), a leading private equity firm specializing in investments that support transformation in established technology companies, announced the completion of the acquisition of Riverbed Technology (“Riverbed” or the “Company”), a leading provider of IT solutions that enable secure, seamless digital experiences and accelerate business performance for global organizations. Following the completion of the transaction, Dave Donatelli has been appointed Chief Executive Officer, effective immediately. Dan Smoot, who previously served as CEO, will continue to support the company on an interim basis.
Donatelli was previously Executive Vice President of Oracle Corporation's Cloud Business Group. Prior to that, Donatelli served as Executive Vice President of Hewlett-Packard's Enterprise Group, leading the $30 billion division and overseeing storage, server, networking and converged infrastructure solutions. He began his professional development at EMC Corporation, holding several leadership roles, most recently as President of EMC's Storage division. He recently assumed the role of lead independent director at MarkLogic, a leading provider of data management and integration solutions and a portfolio company of Vector Capital.
John Theler, who most recently served as CFO at MarkLogic and previously as CFO at Riverbed, rejoins the company as Chief Financial Officer. Theler has over 25 years of experience as a financial professional in medium-sized public and private companies operating in the software, hardware, SaaS services and technology solutions sectors. Prior to joining MarkLogic, Theler served as CFO of Avetta, LLC. He began his career at Ernst & Young, LLP.
"Riverbed is an extraordinary company with a solid foundation that ensures its success. The industry-leading products, Alluvio by Riverbed for Unified Observability and Riverbed Acceleration, are market leaders with world-class customers," said Donatelli. “With significant capital funding, I am excited to work with the Riverbed team and Vector Capital to enhance our offerings through innovation and strategic investments for growth.”
“Dave è un manager di comprovata professionalità che trasferisce a Riverbed una profonda conoscenza ed esperienza nel guidare la crescita di aziende tecnologiche in espansione”, ha dichiarato Andy Fishman, Managing Director di Vector Capital. “È una persona che si impegna nel cambiamento, con un approccio orientato al cliente, ed è la figura ideale per guidare l’azienda nel processo di crescita e sviluppo. Siamo felici che John Theler, dirigente finanziario altamente qualificato e di provata esperienza, si unisca a noi come Chief Financial Officer e gli diamo il benvenuto nel team. Desideriamo inoltre ringraziare Dan Smoot per il lavoro svolto e per il sostegno fornito durante le fasi di transizione, e gli auguriamo il meglio per i suoi futuri impegni”.
Stephen Goodman, Principal di Vector Capital, ha aggiunto: “Siamo orgogliosi di contribuire alla crescita di Riverbed e riteniamo che l’azienda sia ben posizionata per favorire una maggiore penetrazione dei propri prodotti e servizi leader del settore. Non vediamo l’ora di lavorare a stretto contatto con Dave, John e tutto il team di Riverbed”.
