F5 Networks, a company that delivers applications, is purchasing the startup Volterra for about $500 million. Use Meeting ID: 8879455. F5 Networks has today finished its US$ 500 million acquisition of Volterra, an edge-as-a-service platform that will now enter into F5’s efforts to develop an edge platform for business and company. NetOps teams can simplify app-to-app networking and security across clouds. This press release contains forward-looking statements including, among other things, statements regarding the completion and timing of the Volterra acquisition, continuing strength and momentum of F5’s and Volterra’s business, past and future financial performance including revenue and operating targets, sequential growth, preliminary and projected revenue information including revenue, earnings and earnings per share ranges share repurchases and programs, demand for application delivery networking, application delivery services, security, SaaS, edge services and software products, expectations regarding future services and products, expectations regarding future customers, markets and the benefits of products, and other statements that are not historical facts and which are forward-looking statements. You can also follow @F5 on Twitter or visit us on LinkedIn and Facebook for more information about F5, its partners, and technologies. The latest salvo in that contest is F5 Networks’ approximately $500 million acquisition of Volterra. Extending Adaptive Applications to the Edge – Blog from Kara Sprague, EVP and GM of BIG-IP at F5. As a result, these charges are being excluded to provide investors with a more comparable measure of costs associated with ongoing operations. As a result, F5 is updating its Horizon 2 (fiscal years 2021 and 2022) total revenue growth CAGR to 7% to 8%, from 6% to 7%, and its long-term revenue growth target to double digits from 8% to 9%. In addition, F5 reiterates its commitment to $1 billion in share repurchases in the next two years, including a $500 million accelerated share repurchase in fiscal year 2021. ‘My husband told me that my $1,400 stimulus check will be spent on aluminum siding on our home.’ What can I do. “When Harshad and I started Volterra, we knew the edge would need to be delivered with the scale of public clouds, but with management and security integrated with the data centers where so many enterprise apps still live. With the addition of Volterra’s technology, F5 is creating an edge platform built for enterprises and service providers that will be security-first and app-driven with unlimited scale. F5 Networks will buy Volterra cloud computing startup for $500M … https://www.businesswire.com/news/home/20210125005477/en/, Fewer people take a ‘wait and see’ approach to COVID-19 vaccine — here’s what changed their minds, Idaho Republicans seek to defund attorney general who didn’t join Texas suit to invalidate Biden win over Trump, What to do if you already filed taxes but want to claim the $10,200 unemployment tax break, 3 things you can still do to minimize last year's taxes. Holly Lancaster Management does not believe these charges accurately reflect the performance of the company’s ongoing operations, therefore, they are not considered by management in making operating decisions. App-driven. For more information, go to f5.com. The addition of Volterra accelerates F5’s total revenue growth expectations. F5’s Edge 2.0 platform will be: Security-first: Delivering industry-leading security instead of commodity security added to a CDN or cloud. SEATTLE-- (BUSINESS WIRE)--F5 Networks (NASDAQ: FFIV), the leader in application security and delivery, today announced that it has completed the … (206) 272-7049 This reconciliation is expected to be available and provided with the company’s final results announcement, expected on January 26, 2021. Contact the source provider Comtex at editorial@comtex.com. Volterra provides a platform for managing application deployments on IT platforms. Our platform will create a SaaS solution that solves our customers’ biggest pain points. (415) 547-7054 The F5+Volterra Edge 2.0 platform will be designed to address challenges found with current edge solutions that are built on CDNs and have limited security features. Stock-based compensation. With the addition of Volterra’s technology, F5 is creating an edge platform built for enterprises and service providers that will be security-first and app-driven with unlimited scale. F5 Networks (NASDAQ: FFIV), the leader in application security and delivery, today announced that it has completed the acquisition of Volterra, the first universal edge-as-a-service platform. Replay Via Phone: (800) 585-8367 (US & Canada) or +1 (416) 621-4642 (outside of the U.S. and Canada) available January 7, 2021 through January 8, 2021. Director, Corporate Communications Facility-exit costs. The modern edge has been evolving for more than twenty years. By Réza Malekzadeh, General Partner . With the addition of Volterra’s technology, F5 is creating an edge platform built for enterprises and service providers that will be security-first and app-driven with unlimited scale. The financial information contained in this release should be read in conjunction with the consolidated financial statements and notes thereto included in F5’s most recent reports on Forms 10-Q and 10-K as each may be amended from time to time. Purchased intangible assets are amortized over their estimated useful lives and generally cannot be changed or influenced by management after the acquisition. 2 F5 is currently working through the accounting close process for the quarter ended December 31, 2020 and therefore a reconciliation of revenue on a GAAP to non-GAAP basis is not yet available. This software-defined edge based on industry standard containers and APIs removes multi-cloud complexity. Such forward-looking statements involve risks and uncertainties, as well as assumptions and other factors that, if they do not fully materialize or prove correct, could cause the actual results, performance or achievements of the company, or industry results, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements.
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