Sentinel Real Estate Corporation Selects Riverbed to Improve Productivity With Consolidation Effort
Riverbed Technology (NASDAQ: RVBD), the technology and market leader in wide-area data services (WDS), today announced that Sentinel Real Estate Corporation deployed 150 Steelhead® appliances to support a US-wide IT consolidation effort. As a result, Sentinel employees working in dispersed offices are able to more efficiently collaborate due to the dramatic improvements in application performance.
Sentinel Real Estate Corporation and its affiliates comprise a fully integrated organization that provides real estate investment management services to institutional and qualified private investors in the United States and abroad. Sentinel manages pooled and separate accounts holding diversified portfolios of real estate properties valued at $5 billion. These portfolios include over 156 properties in 29 states, with many types of income-producing properties represented, from multifamily rental properties to office buildings, industrial facilities and shopping centers.
Sentinel has almost 200 dispersed offices across the US, with teams that work on localized projects but need to work securely with geographically dispersed affiliates, such as banks to transmit money transactions between offices. It is difficult for the small IT team of less than ten people to accommodate the needs of the 200 offices running independent systems. The IT team struggled to manage data, compliance and centralization among the dispersed offices. With so many offices and a lack of local IT support, it became important for Sentinel to safeguard its data through an IT consolidation project that transported all data to one data center in New York. "With no technical presence in these dispersed offices, we felt there was a need to better protect our data. The goal of our consolidation effort was to protect data that may be compromised or lost due to natural disasters -- for instance offices in Northern California being hit by a fire," said Emile Rashkovich, Senior Vice President and Chief Information Officer at Sentinel.
During its consolidation effort, the IT team received many complaints from users on the slow application performance, which prompted them to look for a solution. Based on research, the team knew that bandwidth and DSL upgrades were too expensive and would not solve the application performance issues.
Sentinel conducted an extensive review process with Brocade, Cisco and Riverbed®. During its evaluation, Sentinel recruited evaluation users, simulated remote offices, conducted testing and analysis of cost performance and determined Riverbed was superior to the alternatives.
"I've paid close attention to the WAN Optimization market and its players since late 2005. I knew that we would benefit from the touted functionality of accelerating application performance over the WAN. So we began our comparison of vendors and selected Riverbed based on its pioneering technology," said Rashkovich.
Since its deployment, Sentinel has obtained up to a 1000 percent performance gain. Employees are now able to download files up to 20X faster than they were prior to implementation of the Steelhead appliances. In addition, the deployment resulted in a dramatic improvement of internal customer satisfaction, and remote office staff productivity.
"Riverbed was more economical in terms of purchasing than some of the biggest names," said Rashkovich. "Even though we are a Cisco shop and I like to keep one company's equipment that's used for similar purposes, this was not feasible in this case. Riverbed was clearly superior to all of its competitors and delivered the best performance, while providing a solid TCO."
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, 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 July 29, 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.
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