F5 Networks to buy LineRate Systems, no terms

Published on NewsOK Modified: February 11, 2013 at 12:45 pm •  Published: February 11, 2013
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SEATTLE (AP) — F5 Networks Inc. 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 fell $1.40, or 1.4 percent, to $103.85 in afternoon trading. Its shares have traded in a 52-week range of $81.07 to $139.46.