F5 Networks announced that it has acquired the
intellectual property assets of Crescendo Networks.
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.
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.
By Telecomlead.com Team