Riverbed Technologies files for Chapter 11 bankruptcy protection following pandemic headwinds (webmaster@theregister.co.uk (Paul Kunert)/The Register)

webmaster@theregister.co.uk (Paul Kunert) / The Register
Riverbed Technologies files for Chapter 11 bankruptcy protection following pandemic headwinds – 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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