Riverbed Technologies files for Chapter 11 bankruptcy protection following pandemic ‘headwinds’

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acquires Burnley IT specialist

Closure of factories, labour shortages, and continued slowdown in network optimisation sales at fault

Riverbed Technology has filed for Chapter 11 bankruptcy protection with a view to implementing a “prepackaged” financial restructuring plan to eliminate debts of $1.1bn following struggles caused by the pandemic.…

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