F5 Networks Rises to No. 2 Spot in the Layer 4/7 Server Load
Balancing Switch and Appliance Market
In Tough Economic Times, F5 is the Only iTCM Vendor to Experience
Consecutive Quarterly Growth in Product Revenue
and Market Share in 2001, Overtaking Nortel
SEATTLE--Aug. 22, 2001--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.
(1) Source: Dell'Oro Group 2Q 2001 Ethernet (Layer 4-7) Switch &
Appliances Report, August 15, 2001
About F5 Networks
F5 Networks is the leader in Internet Traffic and Content
Management (iTCM), and delivers application aware networks through its
open Internet Control Architecture. F5 features the industry's leading
set of integrated products and services that manage, control and
optimize Internet traffic and content. Our solutions automatically and
intelligently deliver the best possible Internet performance,
availability and content distribution for service providers,
enterprises and e-businesses. Our products remove bandwidth congestion
and optimize the availability and speed of mission-critical Internet
servers and applications, including web publishing, content delivery,
e-commerce, caching, firewalls and more. Our solutions are widely
deployed in large enterprises, the top service providers, financial
institutions, government agencies, healthcare, and portals throughout
the world. The company is headquartered in Seattle, Washington, and
has offices throughout North America, Europe and Asia Pacific. F5
Networks is located on the web at www.f5.com.
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.
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CONTACT: F5 Networks, Inc.
Investor Relations
John Eldridge, 206/272-6571
j.eldridge@f5.com |
