F5 Networks Captures Market Share Lead for SSL Acceleration Hardware
F5 is the worldwide leader for multi-purpose SSL (Secure Sockets Layer) acceleration hardware products for the 1st Half of 2001, according to Infonetics Research Report
SEATTLE--Oct. 11, 2001-- F5 Networks, Inc. (Nasdaq:FFIV), the leading provider of Internet Traffic and Content Management (iTCM) products, today announced that it has captured the worldwide market share lead, based on revenue, for multi-purpose SSL (Secure Sockets Layer) acceleration hardware, according to Infonetics Research (1).
SSL solutions have become mission-critical for many applications using the Internet and IP (Internet Protocol) technologies.
``Our study data shows a sharp increase in demand for networking devices that support SSL. Increasing concern over privacy and data security is driving the trend toward end-to-end encryption for business sensitive applications as diverse as online banking, insurance, e-commerce, and electronic mail,'' said John Lawler, directing analyst for e-Business infrastructure and hosting at Infonetics Research. ``SSL acceleration devices are an integral enabler of secure transactions, especially on high speed networks; by offloading the server-draining tasks of SSL into special-purpose encryption-decryption hardware, network performance is never compromised. As a result, many enterprises and service providers now view SSL acceleration devices as a standard and critical component of their network infrastructure. Products like F5's BIG-IP 5000, an advanced, multi-purpose IP application switch with integrated SSL, address these market requirements, and should continue to grow in popularity.''
The shift to B-2-B and supply chain management solutions is driving the urgent need to encrypt traffic, which in turn is fueling the need to deploy solutions that can efficiently terminate SSL traffic. According to the Infonetics study, worldwide revenues for SSL acceleration hardware products totaled .5 million in the first half of 2001, and spending for the first half of 2002 is expected to be more than million. Infonetics looked at numerous companies to determine revenue and shipments, past and projected.
``Today, SSL support is often a top decision criteria for enterprises buying web optimisation solutions,'' said Jeff Pancottine, senior vice president of marketing and business development at F5 Networks. ``F5 recognised this key requirement early on and has worked closely with customers to understand and address their application needs. Customers appreciate F5's approach that allows them to purchase SSL capacity as they need it instead of overbuying TPS performance upfront. So whether a customer buys our dedicated SSL appliance or our multi-purpose traffic management product, they can seamlessly add SSL capacity as their business requires it. F5's leading position in the SSL acceleration market is a reflection of our early groundwork with SSL, our superior product execution, and our successful OEM relationships.''
(1) Infonetics Research, Inc., SSL Acceleration Hardware-- Biannual Worldwide Market Share and Forecasts for 1H01; September 21, 2001
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 optimise 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 optimise 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
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