F5 Networks to buy LineRate Systems
The Associated Press
F5 Networks said Monday that it agreed to buy networking services developer LineRate Systems for an undisclosed sum.
Seattle-based F5, which sells information technology and networking equipment and services, said the acquisition will give it access to LineRate’s networking services technology, intellectual property and engineering talent.
F5 said it doesn’t expect the acquisition of the Colorado-based company to have a material effect on its operating results.
F5 shares were down $1.31, or 1.2 percent, to $103.94 in midafternoon trading in New York on Monday. Its shares have traded in a 52-week range of $81.07 to $139.46.