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Vector Capital Completes Acquisition of Riverbed Technology and Names New CEO

Vector Capital announced the successful completion of its acquisition of Riverbed Technology.

In connection with the close of the transaction, Dave Donatelli has been named CEO, effective immediately. Dan Smoot, who previously served as CEO, will continue to support the Company on a transitional basis.

Donatelli previously served as the EVP of the Cloud Business Group at Oracle Corporation. Earlier, Donatelli served as EVP of the Enterprise Group at Hewlett-Packard leading the $30 billion division and overseeing storage, server, networking, and converged infrastructure solutions. He began his career at EMC Corporation, serving in multiple leadership roles, most recently as President of the EMC Storage Division. He most recently served as the lead independent director at MarkLogic, a leading data management and data integration solutions provider and Vector Capital portfolio company.

“Riverbed is a terrific business with a strong foundation for success. Its industry leading portfolios, Alluvio by Riverbed for Unified Observability and Riverbed Acceleration are market leaders with blue-chip customer bases,” said Donatelli. “Bolstered by a significantly improved capital structure, I look forward to working with Riverbed’s team and Vector Capital to enhance our product offerings through innovation and strategic growth investments.”

“Dave is a proven leader who brings to Riverbed deep knowledge and experience driving growth at scaled technology businesses,” said Andy Fishman, a Managing Director at Vector Capital. “He is a purposeful changemaker with a customer-first approach and is the ideal person to lead the company forward as it pursues continued growth and scale ... We would also like to thank Dan Smoot for his contributions to the company and his support navigating the transition, and wish him the very best in his future endeavors.”

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Vector Capital Completes Acquisition of Riverbed Technology and Names New CEO

Vector Capital announced the successful completion of its acquisition of Riverbed Technology.

In connection with the close of the transaction, Dave Donatelli has been named CEO, effective immediately. Dan Smoot, who previously served as CEO, will continue to support the Company on a transitional basis.

Donatelli previously served as the EVP of the Cloud Business Group at Oracle Corporation. Earlier, Donatelli served as EVP of the Enterprise Group at Hewlett-Packard leading the $30 billion division and overseeing storage, server, networking, and converged infrastructure solutions. He began his career at EMC Corporation, serving in multiple leadership roles, most recently as President of the EMC Storage Division. He most recently served as the lead independent director at MarkLogic, a leading data management and data integration solutions provider and Vector Capital portfolio company.

“Riverbed is a terrific business with a strong foundation for success. Its industry leading portfolios, Alluvio by Riverbed for Unified Observability and Riverbed Acceleration are market leaders with blue-chip customer bases,” said Donatelli. “Bolstered by a significantly improved capital structure, I look forward to working with Riverbed’s team and Vector Capital to enhance our product offerings through innovation and strategic growth investments.”

“Dave is a proven leader who brings to Riverbed deep knowledge and experience driving growth at scaled technology businesses,” said Andy Fishman, a Managing Director at Vector Capital. “He is a purposeful changemaker with a customer-first approach and is the ideal person to lead the company forward as it pursues continued growth and scale ... We would also like to thank Dan Smoot for his contributions to the company and his support navigating the transition, and wish him the very best in his future endeavors.”

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AI is the catalyst for significant investment in data teams as enterprises require higher-quality data to power their AI applications, according to the State of Analytics Engineering Report from dbt Labs ...

Misaligned architecture can lead to business consequences, with 93% of respondents reporting negative outcomes such as service disruptions, high operational costs and security challenges ...

A Gartner analyst recently suggested that GenAI tools could create 25% time savings for network operational teams. Where might these time savings come from? How are GenAI tools helping NetOps teams today, and what other tasks might they take on in the future as models continue improving? In general, these savings come from automating or streamlining manual NetOps tasks ...

IT and line-of-business teams are increasingly aligned in their efforts to close the data gap and drive greater collaboration to alleviate IT bottlenecks and offload growing demands on IT teams, according to The 2025 Automation Benchmark Report: Insights from IT Leaders on Enterprise Automation & the Future of AI-Driven Businesses from Jitterbit ...

A large majority (86%) of data management and AI decision makers cite protecting data privacy as a top concern, with 76% of respondents citing ROI on data privacy and AI initiatives across their organization, according to a new Harris Poll from Collibra ...

According to Gartner, Inc. the following six trends will shape the future of cloud over the next four years, ultimately resulting in new ways of working that are digital in nature and transformative in impact ...

2020 was the equivalent of a wedding with a top-shelf open bar. As businesses scrambled to adjust to remote work, digital transformation accelerated at breakneck speed. New software categories emerged overnight. Tech stacks ballooned with all sorts of SaaS apps solving ALL the problems — often with little oversight or long-term integration planning, and yes frequently a lot of duplicated functionality ... But now the music's faded. The lights are on. Everyone from the CIO to the CFO is checking the bill. Welcome to the Great SaaS Hangover ...

Regardless of OpenShift being a scalable and flexible software, it can be a pain to monitor since complete visibility into the underlying operations is not guaranteed ... To effectively monitor an OpenShift environment, IT administrators should focus on these five key elements and their associated metrics ...

An overwhelming majority of IT leaders (95%) believe the upcoming wave of AI-powered digital transformation is set to be the most impactful and intensive seen thus far, according to The Science of Productivity: AI, Adoption, And Employee Experience, a new report from Nexthink ...

Overall outage frequency and the general level of reported severity continue to decline, according to the Outage Analysis 2025 from Uptime Institute. However, cyber security incidents are on the rise and often have severe, lasting impacts ...