Market Snapshot
  • U.S.
  • Europe
  • Asia
Ticker Volume Price Price Delta
DJIA 16,501.65 -12.72 -0.08%
S&P 500 1,875.39 -4.16 -0.22%
NASDAQ 4,126.97 -34.49 -0.83%
Ticker Volume Price Price Delta
STOXX 50 3,175.97 -23.72 -0.74%
FTSE 100 6,674.74 -7.02 -0.11%
DAX 9,544.19 -55.90 -0.58%
Ticker Volume Price Price Delta
NIKKEI 14,546.27 157.50 1.09%
TOPIX 1,173.81 11.31 0.97%
HANG SENG 22,509.64 -221.04 -0.97%

F5 Networks Acquires LineRate Systems



  F5 Networks Acquires LineRate Systems

   F5 to bring application-layer intelligence to SDN services for software
                             defined data centers

Business Wire

SEATTLE -- February 11, 2013

F5 Networks, Inc. (NASDAQ: FFIV) today announced that it has agreed to acquire
LineRate Systems, a developer of software defined networking (SDN) services.
Through this acquisition, F5 gains access to LineRate’s layer 7+ networking
services technology, intellectual property, and engineering talent, further
building on F5’s commitment to bring superior service agility, application
intelligence, and programmability to software defined data centers.

“F5’s vision is to enable application-layer SDN services for software defined
data centers, providing our customers with unprecedented automation,
orchestration, and control,” said Karl Triebes, EVP of Product Development and
CTO at F5. “Extreme scale of applications, infrastructure, and services will
be vital to SDN, core to F5, and the key to customers realizing the benefits
of software defined data centers. LineRate’s programmable network capabilities
and innovations in layer 7 will bolster our efforts to extend F5’s market
leadership in these areas, and we are very pleased to welcome the LineRate
team to F5.”

Critical to the success of SDN architectures are security, acceleration,
optimization, and intelligent traffic management services at the application
layer. Application-layer services will be vital to meet customers’
expectations of flexibility, scale, and performance, and to provide
significant competitive advantages. The LineRate acquisition aligns with F5’s
vision for application control plane architecture and goal of delivering
application-layer SDN services to bring superior agility, application
intelligence, and programmability to software defined data centers.

LineRate Systems, based near Boulder, Colorado, provides software that offers
layer 7+ network services. LineRate’s software defined solution is an
early-stage product, which will become an important part of F5’s broad range
of development initiatives focused on software defined data centers.

“In order to reap the benefits of software defined data centers, programmable,
scalable network services must be present throughout the entire network
stack—up to the application layer,” said Manish Vachharajani, Co-Founder and
Chief Software Architect at LineRate Systems. “We recognize that the SDN
fabric may be good at layer 2-4, but ultimately customers care most about the
applications. The LineRate team is excited to join F5 and looks forward to
helping F5 accelerate development initiatives in this important market.”

The terms of the acquisition were not disclosed. The acquisition is not
expected to have a material impact on the company’s operating results.

For additional perspective on this announcement, please visit F5’s DevCentral
for a blog post focused on today’s news.

About F5 Networks

F5 Networks (NASDAQ: FFIV) makes the connected world run better. F5 helps
organizations meet the demands and embrace the opportunities that come with
the relentless growth of voice, data, and video traffic, mobile workers, and
applications—in the data center, the network, and the cloud. The world’s
largest businesses, service providers, government entities, and consumer
brands rely on F5’s intelligent services framework to deliver and protect
their applications and services while ensuring people stay connected. Learn
more at www.f5.com.

You can also follow @f5networks on Twitter or visit us on Facebook for more
information about F5, its partners, and technology. For a complete listing of
F5 community sites, please visit
www.f5.com/news-press-events/web-media/community.html.

This press release may contain forward looking statements relating to future
events or future financial performance that involve risks and uncertainties.
Such statements can be identified by terminology such as "may," "will,"
"should," "expects," "plans," "anticipates," "believes," "estimates,"
"predicts," "potential," or "continue," or the negative of such terms or
comparable terms. These statements are only predictions and actual results
could differ materially from those anticipated in these statements based upon
a number of factors including those identified in the company's filings with
the SEC.

Contact:

F5 Networks, Inc.
Investor Relations
John Eldridge, 206-272-6571
j.eldridge@f5.com
or
Public Relations
Alane Moran, 206-272-6850
a.moran@f5.com
Sponsored Links
Advertisement
Advertisements
Sponsored Links
Advertisement