Add F5 Networks to the growing list of tech companies setting up an extra development office east of Seattle.
F5, the maker of hardware and software products that speed up the delivery of applications, announced today the opening of a new Bellevue, Wash., location. The company is hiring for up to 50 software engineers that will support the F5′s cloud, virtualization, and web services technologies.
“F5 is joining a thriving group of technology powerhouses in the region’s Eastside corridor,” Karl Triebes, EVP of Product Development and CTO at F5, said in a statement. “This location will grow our ranks of talented engineers and further strengthen F5’s position in Washington’s competitive talent market.”
Both Tableau Software and Google have added offices east of downtown and across Lake Washington to make room for more employees. There are a flurry of other big tech companies on the east side, both in the form of company headquarters as well as smaller engineering outposts. Google, in fact, is set to double the size of its Kirkland, Wash., office in the backyard of Microsoft.
In its most recent earnings report, F5 posted revenue of $370.3 million, up six percent over the previous quarter. Net income came in at $68.2 million, up from $63.4 million in the previous quarter and down from $72.3 million for the same period last year. The company’s stock is down ten percent this year.