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Mazu Acquired by Riverbed

Cambridge, MA-based Mazu Networks, which makes software for optimizing the performance of enterprise applications over networks, will become a unit of San Francisco-based Riverbed Technology (NASDAQ: RVBD), according to an announcement yesterday. Riverbed, which focuses on wide-area-network optimization, will pay $25 million up front for Mazu plus up to $22 million in performance-based payments over the first 12 months after the acquisition closes. Mazu, founded in 2000, had raised $47 milllion in venture funding from Benchmark Capital, Greylock Partners, Matrix Partners, Pilot House Ventures, StarVest Partners, Symantec, and other investors, according to Private Equity Hub.

Wade Roush is Xconomy's chief correspondent. You can e-mail him at wroush@xconomy.com, call him at (617) 252-7323, or follow him on Twitter at http://twitter.com/wroush.

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