Mazu Acquired by Riverbed
Wade Roush1/21/09
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.
