Local Business Alert

Opnet Technologies to be bought for $1 billion

Bethesda-based Opnet Technologies has agreed to be purchased for $1 billion pending regulatory approval, the firm announced Monday, making the application and network performance management firm the region's latest high-ticket acquisition.

The buyer is Riverbed Technology, a San Francisco-based company that sells IT software and services. The firm plans to merge Opnet with an existing business unit called Cascade that provides network management services.

Read more at:
http://www.washingtonpost.com/blogs/capital-business/post/opnet-technologies-to-be-bought-for-1b/2012/10/29/0c6a3ef0-21d7-11e2-8448-81b1ce7d6978_blog.html

For more local business news, visit The Washington Post's Local Business section or Capital Business.