F5 Acquires Intellectual Property Assets of Crescendo NetworksAug. 15, 2011
Crescendo’s core engineering team joins F5, bolsters company’s ADN expertise
SEATTLE--( BUSINESS WIRE)-- 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.” |
