Riverbed reseller Teneo is branching out into the virtualisation space in a move to maintain its frenetic pace of growth.

The application performance management specialist saw turnover rise by 40 per cent to £3.6m in 2007, and has unveiled bullish plans for the year ahead as it explores a potential alliance with VMware.

Piers Carey, chief executive of Teneo, which became Riverbed’s first UK VAR in 2004, said: “We had 40 per cent growth last year and are looking to do between 60 and 70 per cent this year. The problem we have is how to maintain that growth, so we are investigating how we can broaden our product portfolio.”