F5 Networks opens new technology center in NYC

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F5 Networks is expanding its footprint in New York City with the grand opening today of its International Technology Center, a new 10,000 square foot space at 600 Lexington Avenue. That’s an expensive slice of real estate for a spot to test networking equipment and software, ensuring that it is reliable and secure. In fact, the… Read More…

F5 CEO John McAdam joins the board of Apptio

John McAdam, right, interviewed by Ed Lazwoska, at the Tech Alliance luncheon in Seattle

John McAdam is a man in high demand. The CEO of F5 Networks, the Seattle networking and software powerhouse, joined the board of Tableau Software two months ago. Now, he’s aligning himself with another of the region’s most promising enterprise software companies: Apptio.  McAdam today was announced as the newest board member of Apptio, a fast-growing… Read More…

F5 Networks buys networking startup LineRate Systems

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F5 Networks has acquired LineRate Systems, a Colorado startup that’s developing technologies around what’s called software define networking. Terms of the deal were not disclosed and the acquisition is not expected to make a material impact on F5′s results, but F5 noted that the networking technologies will help “bring superior service agility, application intelligence, and… Read More…

Shares of F5 jump as profits rise

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F5 Networks, the Seattle maker of networking equipment and software, today posted a revenue increase of 13 percent for its fiscal first quarter as profits also rose. The company tabulated $365.5 million in revenue, up from $322.4 million for the same period last year. Net income increased to $69.5 million, up from $66.5 million. Shares… Read More…

F5 names two new board members

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F5 Networks has named Sandra Bergeron — a former executive at McAfee — and Steve Smith — the CEO of Equinix — to its board. Former Yahoo CEO Scott Thompson resigned from the F5 board last year, and the board consisted of six members prior to today’s appointments. F5 Networks CEO John McAdam noted in a… Read More…

F5′s McAdam joins board of Tableau: IPO chatter continues

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F5 Networks CEO John McAdam has joined the board of Tableau Software, the fast-growing Seattle data visualization company. The appointment — the third to Tableau’s board this year — may signal that the 9-year-old company is prepping for a 2013 initial public offering. (Tableau was one of five that I suggested could make the IPO… Read More…

Shares of F5 Networks take a big hit after earnings miss

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Shares of F5 Networks tumbled more than 10 percent in after hours trading today after the Seattle maker of networking equipment and software missed its fourth quarter numbers and scaled back its projections for the current quarter. The company posted revenue of $362.6 million for the fourth quarter, up 3 percent from the prior quarter and… Read More…

Amid ‘cautious spending environment’ revenue growth slows at F5 Networks

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F5 Networks said that revenue slowed during its fiscal third quarter amid what CEO John McAdam dubbed a “more cautious spending environment.” Nonetheless, the maker of software and hardware to securely delivery applications over the Internet boosted revenues during the quarter $352.6 million, a 3.8 percent increase over the prior quarter and a 21.3 percent… Read More…

Tech Moves: Uber’s Broderick on the move; Qliance names COO; F5 execs get new gigs; etc.

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Michelle Broderick has been promoted to lead the global marketing efforts for Uber, the fast-growing private driver service backed by Amazon.com founder Jeff Bezos, Menlo Ventures, Goldman Sachs and others. Broderick had served as general manager of the Seattle region, and the company is currently looking to hire her replacement. Broderick said she’ll remain in Seattle…. Read More…

Tech Moves: Rob Eleveld named Optify CEO; F5′s sales boss sets sail; and more

Rob Eleveld

Rob Eleveld, a 20-year tech veteran who previously served as CEO of Shiftboard and Vykor, has been named CEO of Seattle software company Optify. Eleveld replaces Brian Goffman, a former venture capitalist at Madrona Venture Group who is assuming the role of chairman. Eleveld had worked at Optify for the past five months, overseeing sales… Read More…