F5 Acquires Intellectual Property
Assets of Crescendo Networks
Crescendo’s core engineering
team joins F5, bolsters company’s ADN expertise
August 15, 2011 Seattle, WA --
F5 Networks, Inc. (NASDAQ:FFIV),
the global leader in Application Delivery Networking (ADN), today
announced that it has acquired the intellectual property assets of
Crescendo Networks.
Founded in 2002, Crescendo developed hardware solutions to help
organizations address application delivery challenges, winning a
number of industry awards for its innovative products. F5 acquired
certain intellectual property and other technology-related assets
from Crescendo through liquidation proceedings in Israel, where
Crescendo Networks, Ltd. had been headquartered. In addition, a
number of key Crescendo employees are joining F5’s office in Tel
Aviv.
“We welcome members of Crescendo’s engineering team to F5 and look
forward to enhancing our industry-leading ADN solutions with their
technology,” said Dan Matte, SVP of Marketing and Business
Development at F5. “In particular, Crescendo’s intellectual property
and technical expertise provide compelling layer 7 FPGA capabilities
for hardware and security solutions. With this acquisition, F5 will
further strengthen its products’ ability to address both the
continuing exponential growth of Internet traffic and the rising
number of sophisticated security threats impacting applications.”
“Part of F5’s secret to success has been its ability to leverage
appropriate capabilities in either hardware or software to solve
customer problems,” said Lucinda Borovick, Research Vice President,
Datacenter Networks at IDC. “The
Crescendo team had ambitious goals and developed innovative
intellectual property for hardware. If F5 can leverage the best of
Crescendo’s IP, it should help them raise the bar for security and
performance in the Application Delivery Controller market.”
The acquisition of Crescendo’s intellectual property assets is not
expected to have a material impact on F5’s quarterly financial
results, scheduled for announcement on October 25, 2011.
About F5 Networks
F5 Networks, Inc., the global leader in Application Delivery
Networking (ADN), helps the world’s largest enterprises and service
providers realize the full value of virtualization, cloud computing,
and on-demand IT. F5® solutions help integrate disparate
technologies to provide greater control of the infrastructure,
improve application delivery and data management, and give users
seamless, secure, and accelerated access to applications from their
corporate desktops and smart devices. An open architectural
framework enables F5 customers to apply business policies at
“strategic points of control” across the IT infrastructure and into
the public cloud. F5 products give customers the agility they need
to align IT with changing business conditions, deploy scalable
solutions on demand, and manage mobile access to data and services.
Enterprises, service and cloud providers, and leading online
companies worldwide rely on F5 to optimize their IT investments and
drive business forward. For more information, go to 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.
F5 and the F5 logo are trademarks or service marks of F5 Networks,
Inc., in the U.S. and other countries. All other product and company
names herein may be trademarks of their respective owners.
Press Contacts
Alane Moran, F5 Networks, Inc., (206)
272-6850 a.moran@f5.com
Holly Hagerman,
Connect Public Relations, (801) 373-7888
hollyh@connectpr.com
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