Tuesday, August 16, 2011

F5 Acquires Intellectual Property Assets of Crescendo Networks

F5 announced that "it has acquired the intellectual property assets of Crescendo Networks. Founded in 2002, Crescendo developed hardware solutions to help organizations address application delivery challenges ..  F5 acquired certain intellectual property and other technology-related assets from Crescendo through liquidation proceedings in Israel, where Crescendo Networks, Ltd. had been headquartered. In addition, a number of key Crescendo employees are joining F5’s office in Tel Aviv".

See "F5 Acquires Intellectual Property Assets of Crescendo Networks" - here. Crescendo Networks' site is no longer available - it leads to the F5 press release.

Dan Matte (pictured), SVP of Marketing and Business Development at F5 said: “In particular, Crescendo’s intellectual property and technical expertise provide compelling layer 7 FPGA capabilities for hardware and security solutions. With this acquisition, 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.

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