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F5 Networks Claims Frost & Sullivan's 2006 Market Penetration Leadership Award

F5's FirePass Selected for Outstanding Performance in the SSL VPN Market

F5 Networks, Inc. (NASDAQ: FFIV), the global leader in Application Delivery Networking, today announced it has received Frost & Sullivan's 2006 Market Penetration Leadership Award. To earn this distinction, a company must exhibit excellence in product innovation, marketing, and sales strategy.

F5 was singled out for its impressive performance in the SSL VPN market, where its FirePass ® product established the company as a major force in a dynamic market space. Frost & Sullivan praised FirePass for its unique usability features including Visual Policy Editor and EasyConnect. Frost & Sullivan also commended the product's flexibility, management, and endpoint security capabilities. "FirePass has categorically improved features such as ease of management, usability, integrated endpoint security, thereby reducing the time, complexity, and cost of deploying an SSL VPN solution," noted a Frost & Sullivan announcement accompanying the award.

In addition to its performance in the SSL VPN market, F5 was also lauded for its customer base and significant reseller relationships. "With a client base of more than 10,000 different organizations that are well represented across the spectrum of geographical and vertical segments ... F5 continues to attract new big wins with a portfolio of products focused on security, optimization, and availability of its clients' networks," said Frost & Sullivan research analyst Loren Rudd.

The Market Penetration Award builds on last year's Frost & Sullivan Competitive Strategy Leadership Award, which F5 received for market originality demonstrated through initiatives like DevCentral, F5's collaborative online community. With nearly 11,000 members, the DevCentral portal brings together enterprise networking, application, and security professionals to facilitate the creation of customized business solutions. DevCentral continues to be a key strategic differentiator for F5, and was cited as a contributing factor for this year's prize as well.

"Awards like this are proof positive of the strength of F5's sales and marketing strategy and our commitment to the SSL VPN market," stated Erik Giesa, Vice President of Product Management and Product Marketing at F5. "With our technology and integration capabilities through our unique TMOS architecture, F5 is in a prime position to address the needs of the Application Delivery Networking market across the board."

About Frost & Sullivan

Frost & Sullivan, a global growth consulting company, has been partnering with clients to support the development of innovative strategies for more than 40 years. The company's industry expertise integrates growth consulting, growth partnership services, and corporate management training to identify and develop opportunities. Frost & Sullivan serves an extensive clientele that includes Global 1000 companies, emerging companies, and the investment community by providing comprehensive industry coverage that reflects a unique global perspective and combines ongoing analysis of markets, technologies, econometrics, and demographics. For more information on Frost & Sullivan's Best Practices Awards, visit www.awards.frost.com.

About F5 Networks

F5 Networks is the global leader in Application Delivery Networking. F5 provides solutions that make applications secure, fast and available for everyone, helping organizations get the most out of their investment. By adding intelligence and manageability into the network to offload applications, F5 optimizes applications and allows them to work faster and consume fewer resources. F5's extensible architecture intelligently integrates application optimization, protects the application and the network, and delivers application reliability-all on one universal platform. Over 10,000 organizations and service providers worldwide trust F5 to keep their applications running. The company is headquartered in Seattle, Washington with offices worldwide. For more information, go to www.f5.com.

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This press release may contain forward looking statements relating to future events or future financial performance that involve risks and uncertainties. Such statements can be identified by terminology such as "may," "will," "should," "expects," "plans," "anticipates," "believes," "estimates," "predicts," "potential," or "continue," or the negative of such terms or comparable terms. These statements are only predictions and actual results could differ materially from those anticipated in these statements based upon a number of factors including those identified in the company's filings with the SEC.

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