Riverbed Gets Served and 1 Hot Stock Sparking Chatter

November 28, 2012

Networking applications company Riverbed (NASDAQ:RVBD) reveals it has been served with a grand jury subpoena from The United States District Court for the Eastern District of Virginia requesting documents relating to “certain federal government contracting matters including a $19 million transaction involving the sale of Riverbed products and services by a Riverbed reseller to a federal government agency in 2009.” (Form 8-K)

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IP video processing and delivery solutions provider Envivio (NASDAQ:ENVI) announced that its encoding solutions have been deployed by LG U+ to power its new LG U+ TV G multi-screen service in South Korea, the first service to support Google TV. Envivio solutions remove the boundaries of traditional television and make video content available to all viewers on any device across any network at any time.

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