F5 Networks continues to grow, gobbles up more space along Seattle’s waterfront

501 Elliott Avenue West

They may soon have to call it the F5 corridor. F5 Networks is expanding its presence along Elliott Avenue West on Seattle’s waterfront, announcing today that it plans to take over 40,000 square feet of office space that it had previously sublet to Cell Therapeutics. Meanwhile, Cell Therapeutics announced today it plans to move to… Read More…

F5 buying Traffix Systems to support spike in mobile data

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F5 Networks has agreed to buy Traffix Systems, an Israeli company whose behind-the-scenes signaling technology helps mobile operators manage all that data flowing across their networks, thanks to all those smartphones, tablets and other devices we’re using these days. Traffix specializes in what’s known as the Diameter signaling protocol, which has emerged as the standard… Read More…

F5 shares jump after revenues surge 19.9% to $322 million

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F5 Networks, whose software and hardware products speed the delivery of applications over the Internet, jumped more than five percent in after hours trading following the release of the Seattle company’s first quarter earnings report. F5 posted revenue of $322.4 million, up 2.5 percent over the previous quarter and a 19.9 percent increase over revenue… Read More…

Nasdaq closes with a loss for 2011: A look back at the top and bottom performers

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It was a tough year for most of the publicly-traded tech companies in Washington state, with just a handful posting positive overall stock performance. Even tech titans like Amazon.com, Microsoft and F5 Networks shed value in 2011, marking an overall negative year on the Nasdaq. In fact, the tech-heavy Nasdaq  dropped 1.8 percent during 2011,… Read More…

Tech Moves: Opscode hires F5 vet; Dwellable taps Kriege; and more

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Opscode, a cloud computing startup that specializes in infrastructure automation, continues to expand its fast-growing team. The Seattle company has named George Moberly, a former F5 Networks and Blade Logic product development executive, to the position of vice president of product management.  In a statement, Moberly said that Opscode is at the “center of a… Read More…

F5 Networks hires Cisco veteran to lead charge in security

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F5 Networks, fresh off its blockbuster financial announcement last week, continues to strengthen its executive bench. The Seattle company today announced that Manny Rivelo, a 19-year veteran of Cisco Systems, has joined as vice president of security and strategic solutions. Cisco and F5 Networks are longtime rivals, so the hiring of Rivelo is especially interesting…. Read More…

Meet Seattle’s new $1 billion revenue company: Here’s how F5 did it (Infographic)

Source: McAdams Wright Ragen

F5 Networks doesn’t get a lot of press. But the Seattle company, which makes software and hardware products to speed up the delivery of applications over the Internet, continues to bolster revenues and profits. On Tuesday, the company reported that it had topped more than $1 billion in revenue for the 2011 fiscal year, a… Read More…

F5 names Skype CFO to board, buys IP assets of Crescendo Networks

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F5 Networks has appointed Skype Chief Financial Officer Jonathan Chadwick to its board of directors and announced the purchase of intellectual property assets of Crescendo Networks. The Seattle company, whose software and hardware helps speed the delivery of online applications, also said that its board has authorized a $200 million share repurchase program. Shares of… Read More…

Shares of F5 stumble after earnings report disappoints Wall Street

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Shares of F5 Networks fell more than seven percent in after hours trading today following a disappointing fiscal third quarter earnings report. The Seattle company, which makes hardware and software to speed up the delivery of applications on the Internet, posted net income of $62.5 million on revenue of $290.7 million. That compared to net… Read More…