F5 buys IP of defunct Crescendo

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F5 buys IP of defunct Crescendo

Alex Scroxton

F5 Networks has acquired the intellectual property assets and some key development staff from defunct Israeli application delivery networks (ADN) specialist Crescendo Networks, which has gone into administration.

F5 said the acquisition would add new layer 7 FGPA capabilities to its hardware and security solutions.

"F5 will further strengthen its products' ability to address both the continuing exponential growth of internet traffic and the rising number of sophisticated security threats impacting applications," said F5 senior vice president of marketing and business development, Dan Matte.

"The Crescendo team had ambitious goals and developed innovative intellectual property for hardware. If F5 can leverage the best of Crescendo's IP, it should help them raise the bar for security and performance in the ADN market," said IDC datacentre networks research vice president Lucinda Borovick.

Financial terms of the deal were undisclosed, but the acquisition is not expected to have a material impact on F5's next quarterlies, due in October.


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