F5 Networks, Inc. (NASDAQ: FFIV), the
leading provider of Internet Traffic and Content Management (iTCM) products,
today announced that F5 has displaced Nortel Networks for the number two
position in the Layer 4/7 Server Load Balancing Switch and Appliance market,
according to the recent Dell'Oro Group Report(1).
In a challenging economy, F5 continues to perform as the only iTCM vendor that
has grown every quarter in both product revenue and market share in 2001.
"F5's steady success in the market is due to our continued focus on our
customers and addressing their requirements with innovative iTCM solutions that
enable them to lower their total cost of ownership for their network
infrastructure," said John McAdam, president and CEO of F5 Networks. "Our
customers, large global enterprises and service providers, have not halted the
deployment of their e-business initiatives, but rather they're looking to F5 to
help them execute on their vision in a smart, cost-effective manner. We've
established a great reputation for executing on our promise of providing an
integrated suite of products and support services that bring superior
reliability, uptime and performance for mission-critical networks. And our
market position based on revenue, second only to Cisco, is a powerful indicator
of the market's vote of confidence in F5's complete solution."
According to the Dell'Oro report, in the second quarter of 2001, sales of F5's
traffic management products represent 16.5% of the market, up from 13.9% the
previous quarter. And, F5 has experienced two consecutive quarters of growth,
attaining $21.3 million in revenue for the second quarter, while Cisco's and
other competitors' product revenues have declined or remained flat over the last
two quarters. The Dell'Oro Report measured market share based on revenue
attainment for all the major Layer 4/7 server load balancing switch and
appliance manufacturers. Additionally, in the Layer 4/7 server load balancing
appliance market, F5 remains ranked number one, increasing its market share to
63 percent; widening the gap between all of the company's competitors. |
