Press Releases Archive   Search Press Releases
Press Release

F5 Networks Forms Business Unit to Focus on Application Security

Jeff Pancottine appointed to General Manager to lead new security division; Dan Matte promoted to Senior Vice President of Marketing

F5 Networks, Inc. (NASDAQ: FFIV), the leading provider of Application Traffic Management products, today announced the formation of a new Security business unit. The new division provides the focus and expertise across research and development, marketing, sales and services to ensure F5's success and leadership in application security. Jeff Pancottine will lead this new division as General Manager and will maintain his role leading corporate development. Dan Matte has been promoted and will take on Pancottine's role of Senior Vice President of Marketing. In a related news release today, F5 announced the acquisition of MagniFire WebSystems, Inc., a technology leader in the web application firewall market.

"F5 is serious about the security business and we are absolutely committed to being the market leader in application security," said John McAdam, President and CEO of F5 Networks. "F5's new business unit will provide the strategic vision, focus and technical expertise required to be successful in this competitive market. We're dedicated to providing our customers worldwide with the guidance they're asking for and the products that deliver integrated and unmatched application security."

The successful acquisition of uRoam's FirePass SSL VPN product last July was a key move for F5 and a down payment on its strategy to address end-to-end application security. With today's acquisition of MagniFire, the TrafficShield and FirePass products create a comprehensive and superior solution for web application (Layer 7) security. With a total of approximately 20 sales, marketing, and development personnel from MagniFire WebSystems joining the F5 team, the new Security business unit will number approximately 80 people. F5 will continue to operate MagniFire's development facility in Tel Aviv, Israel. The new division's goals and objectives will be tightly aligned with F5's Application Traffic Management line of business to ensure a cohesive and integrated product strategy.

"I'm excited about the organizational changes," added McAdam. "Jeff's strategic vision, leadership abilities and his comprehensive understanding of the market's security requirements, make him the ideal person to head up F5's Security business unit. His leadership has helped F5 become the market leader in Application Traffic Management and I'm confident that Jeff will carry on his successful track record to make F5 a leading security company. Dan will be an excellent addition to the senior management team. He is the longest serving employee at F5 and continues to be instrumental in bringing timely product innovations to the market."

About F5 Networks

F5 enables organizations to successfully deliver business-critical applications and gives them the greatest level of agility to stay ahead of growing business demands. As the pioneer and global leader in Application Traffic Management, F5 continues to lead the industry by driving more intelligence into network to deliver advanced application agility. F5 products ensure the secure and optimized delivery of applications to any user - anywhere. Through its flexible and cohesive architecture, F5 delivers unmatched value by dramatically improving the way organizations serve their employees, customers and constituents, while lowering operational costs. Over 6,000 organizations and service providers worldwide trust F5 to keep their businesses running. The company is headquartered in Seattle, Washington with offices worldwide. For more information go to

# # #

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.