SEATTLE -- F5 Networks, Inc. (NASDAQ:FFIV), the global leader in Application Delivery Networking, today announced that it has agreed to acquire Acopia Networks, Inc., a best-of-breed provider of high-performance, intelligent file virtualization solutions. The $210 million cash transaction for 100% of the equity of Acopia is expected to close on or shortly after September 14, 2007, subject to satisfaction of the closing conditions. F5s management will discuss further details about the Acopia acquisition in a conference call today, August 6, 2007, at 8:30 a.m. EDT.
This acquisition is highly complementary to F5s strategy of optimizing the application infrastructure from the core of the datacenter to the edge of the network. Acopia extends the Application Delivery Networks reach to include optimization of the data storage layer, said John McAdam, President and CEO of F5 Networks. When we were looking at various solutions in this space, Acopia was the clear winner due to its performance, scale, and feature richness.
With over 20,000 customers worldwide, F5s technology optimizes application delivery by providing an integrated application-fluent infrastructure that ensures the performance, security, and availability of applications. Just as F5s BIG-IP products have revolutionized server and application scalability, availability, performance, and security, Acopias intelligent file virtualization technology will enable F5 to apply the same principles to data storage.
This acquisition represents a very significant and positive development, said Steve Warner, Vice President, Quest Diagnostics Inc. Acopias intelligent file virtualization delivers tremendous value by creating a Global Name Space and allowing us to automate and enforce data management policies in the network. This deal ensures Acopias future viability from a company perspective and will ultimately enhance the breadth of their data management capabilities.
F5 Networks Inc.