F5 headquarters in Seattle.
F5 headquarters in Seattle.

F5 Networks, the Seattle-based security technology and network infrastructure company, has retained Goldman Sachs to field potential acquisition offers, according to a Reuters report this afternoon, citing unnamed people familiar with the matter.

F5 CEO John McAdam
F5 CEO John McAdam

The company’s stock spiked more than 12 percent on the report, pushing its market value above $8 billion.

F5 hired Goldman Sachs after it was approached with potential takeover offers, according to the Reuters report, which cautioned that the inquiries may not result in a deal.

The company, which has more than 4,200 employees worldwide, has been through a tumultuous 12 months, following the abrupt resignation of its previous CEO, Manny Rivelo, for unidentified “personal conduct matters” last year. John McAdam, the company’s longtime CEO, returned to the position following Rivelo’s departure.

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