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F5 Networks Named One of Washington’s Fastest Growing Technology Companies in Deloitte & Touche “Fast 50 Rising Star” Category

No. 4 ranking attributed to F5’s 2,116% three-year revenue growth


SEATTLE, WA, SEPTEMBER 26, 2001--F5 Networks, Inc. (NASDAQ: FFIV), the leading provider of Internet Traffic and Content Management (iTCM) products, today announced that it was ranked No. 4 in the “Rising Star” category of Deloitte & Touche’s prestigious “Fast 50” Program, a listing of the 50 fastest growing technology companies in Washington State. Rising Star rankings are based on three-year percentage revenue growth from 1998 to 2000. F5 Networks’ sales have grown from .9 million in fiscal year 1998 to 8.6 million, for the most recent fiscal year ended September 30, 2000. This reflects 2,116% revenue growth during this period.

“Receiving this elite recognition from Deloitte & Touche amongst so many innovative and successful companies in the technology sector is quite an honor,” said John McAdam, president and CEO of F5 Networks. “F5’s significant growth over the years directly reflects our successful market penetration worldwide and the fact that our performance-leading iTCM solutions have become a strategic and vital component for deploying any business-critical IP-based network.”


“To make the Deloitte & Touche Technology Fast 50, companies must have tremendous revenue growth in 2000,” said Larry Hile, partner for Deloitte & Touche. “It’s one thing to succeed when the economy is good, and another when it’s a tough market. Companies that excelled in 2000 had leaders with the vision and agility to succeed while others struggled to survive. We at Deloitte & Touche applaud F5 Networks for succeeding where others did not and for having the long-term vision to develop technologies and products that change the way we work.”


Deloitte & Touche Rising Stars—Five Fast-Growth Companies Honored

As an accompaniment to the Fast 50, Deloitte & Touche also honors five “Rising Star” companies in Washington State. Rising Star rankings are based on three-year percentage revenue growth from 1998 to 2000. Further details on Deloitte & Touche Technology Fast 50 can be found at www.fast50.com.


About F5 Networks

F5 Networks is the leader in Internet Traffic and Content Management (iTCM), and delivers application aware networks through its open Internet Control Architecture. F5 features the industry’s leading set of integrated products and services that manage, control and optimize Internet traffic and content. Our solutions automatically and intelligently deliver the best possible Internet performance, availability and content distribution for service providers, enterprises and e-businesses. Our products remove bandwidth congestion and optimize the availability and speed of mission-critical Internet servers and applications, including web publishing, content delivery, e-commerce, caching, firewalls and more. Our solutions are widely deployed in large enterprises, the top service providers, financial institutions, government agencies, healthcare, and portals throughout the world. The company is headquartered in Seattle, Washington, and has offices throughout North America, Europe and Asia Pacific.

F5 Networks is located on the web at http://www.f5.com



About Deloitte & Touche

Deloitte & Touche LLP, one of the nation’s leading professional services firms, provides assurance and advisory, tax, and management consulting services through nearly 30,000 people in more than 100 U.S. cities. The firm is dedicated to helping its clients and its people excel. Known as an employer of choice for its innovative human resources programs, Deloitte & Touche has been recognized as one of the “100 Best Companies to Work For in America” by Fortune magazine for four consecutive years. Deloitte & Touche is the US national practice of Deloitte Touche Tohmatsu. Deloitte Touche Tohmatsu is a Swiss Verein, and each of its national practices is a separate and independent legal entity.

For more information, please visit Deloitte & Touche’s web site at http://www.us.deloitte.com


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.


CONTACTS:

Grace Cheung
F5 Networks Limited
01784 497 218
g.cheung@f5.com

Munir Kotadia
theACC
020 8286 3212
mkotadia@theacc.net

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