F5 Buys Crescendo Networks' AssetsBy Channel Insider Staff | Posted 2011-08-16 Email Print
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F5, which is a leading player in the application delivery networking space, is buying assets from rival Crescendo, which is in liquidation proceedings. The move adds to F5 s portfolio and removes a competitor.
F5 Networks, which makes application delivery networking products, is buying some assets of bankrupt Crescendo Networks.
Financial details of the deal, announced Aug. 15, were not disclosed. The nine-year-old Crescendo currently is in the process of liquidation, and its top engineers in its Israeli headquarters will be moved to F5's Tel Aviv offices.
The deal for Crescendo's intellectual property assets will be a boost to F5's market-leading ADN (application delivery networking) portfolio, and will further solidify F5's standing in the space by reducing the number of its competitors.
Crescendo's technology will add to F5's hardware and software offerings, according to Dan Matte, senior vice president of marketing and business development at F5.
"In particular, Crescendo's intellectual property and technical expertise provide compelling layer 7 FPGA field-programmable gate array capabilities for hardware and security solutions," Matte said in a statement. "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."
FPGAs are integrated logic chips that enable users to program the chip for particular tasks, which can improve the performance of the hardware. Having the Crescendo IP in place could help F5 improve the security and performance of its ADN portfolio.
That portfolio is designed to help businesses leverage the capabilities in virtualization, cloud computing and on-demand IT environments by improving the delivery, security and speed of applications as they move between the customer s infrastructure and PCs and smart devices, according to F5 officials. Gartner analysts have put F5 s share of the ADN market at almost 50 percent, ahead of such rivals as Citrix Systems and Radware.
To read the original eWeek article, click here: F5 Networks Buys Assets from Crescendo