Centri lands $13M to help mobile carriers boost networks

Seattle startup Centri Technology has pulled in $13 million in fresh funding, money that it will use to continue development on technologies that help improve data flow over mobile networks. Angel Valkyrie participated in the round, as did existing investors. The 4-year-old company employs about 20 people, and previously raised about $5.5 million. It has been… Read More


F5 Networks buys networking startup LineRate Systems

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

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


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

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

Isilon co-founder Sujal Patel

Isilon co-founder Sujal Patel hops on board of ExtraHop

Sujal Patel has already built one powerhouse in the Pacific Northwest. Now, the Isilon Systems co-founder is lending his talents to an up-and-comer. Patel — who sold Isilon to EMC for a cool $2.25 billion in 2010 — is being named to the board of ExtraHop Networks today. In addition, ExtraHop has named former Isilon… Read More


F5 buying Traffix Systems to support spike in mobile data

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


Why Glenn Kelman is wrong: A defense of networking

First, a big thanks to Redfin CEO Glenn Kelman for stepping up and delivering a thoughtful and illuminating presentation at the recent Startup Conference in Seattle.  I was enlightened, inspired and entertained… and I’m sure the audience of nascent entrepreneurs was as well. For the record, I don’t know Glenn personally but I’ve bumped into… Read More


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

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


F5 Networks hires Cisco veteran to lead charge in security

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


Zayo marks 17th acquisition with purchase of 360Networks

360Networks, a Seattle provider of fiber network and telecommunication services, has been acquired by Zayo Group in a deal of undisclosed size. It marks the 17th acquisition for Zayo in the past four years and the largest in the Louisville, Colorado company’s history. 360Networks was started by former Microsoft chief financial officer Greg Maffei, who… Read More


Shares of F5 stumble after earnings report disappoints Wall Street

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


Clearwire touts 4G network expansion in Seattle area

Clearwire today announced that it has added nearly 100 new cellular towers and bolstered its overall coverage in the Seattle area, expanding the network to cover as many as 240,000 people. It is the biggest expansion of the company’s network in the Seattle area since it launched here in December 2009. Working in conjunction with… Read More


Team of nerds brings 100 Mbps ‘super broadband’ to Seattle

Spectrum Networks co-founder John van Oppen likes to describe his team as a group of nerds who thrive on speed. Internet speed, that is. van Oppen’s profitable 4-year-old company, which just landed $1 million in financing from Trilogy Equity Partners, brings some of the fastest Internet connections to businesses and condominiums in the region. How… Read More


Clearwire restores service in Seattle after outage

It’s been a tough few days for Seattle area high-tech companies. First, Amazon.com’s EC2 service went down, causing alarm among many startups that rely on AWS. Now, word is that Clearwire — the Kirkland-based mobile broadband company — experienced a failure of its Seattle area network earlier today. The company says that the problem has… Read More


ExtraHop names Palvi Mehta as CFO, continues hiring spree

ExtraHop Networks is adding some horsepower in the executives offices, tapping former RadioFrame and Newpath Networks executive Palvi Mehta as chief financial officer. ExtraHop, which helps companies monitor the performance of applications, has been undergoing a significant growth spurt in recent months. Spokesman Justin Baker says the company has more than tripled its workforce in… Read More