Federal Government Information Technology

How the Cloud Can Shake Legacy Tech Out of Agencies

Nextgov: In 2002, Jerry Kennelly, then a chief finance officer, and Steve McCanne, a University of California, Berkeley professor with a Ph.D. in network engineering and computer design, met at a Starbucks on the Cal-Berkeley campus. They had an idea for a business and some cash they each put down—$5,000 to be precise. Convinced of the potential of their future venture, Kennelly and McCanne both quit their jobs to devote their time and energy to their newly founded startup.

Nearly 15 years later, the San Francisco-headquartered Riverbed Technology—whose company and product names originate in fishing—has 2,400 employees in 37 countries. Last year, the IT company did a $1 billion in worldwide revenue, developing products to bolster application performance over wide area networks.

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