F5 Networks Acquires LineRate Systems

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

SEATTLE--()--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.

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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.

Contacts

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

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Contacts

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