Friday, September 14, 2007

F5 Completes Acopia Acquisition

Seattle-based F5 Networks said Thursday afternoon that it has completed its acquisition of Acopia Networks, a provider of file virtualization products. The deal was originally announced at the beginning of August, and was worth $210M in cash. Acopia's products are used for managing file-based storage, and is used by data center storage managers. F5 said it expects to take a one-time charge of $14M for in-process research and development related to the acquisition. Acopia was venture backed by Charles River Ventures, Accel Partners, STAR Ventures, Vesbridge Partner, Goldman Sachs and Meritech Capital, and was based in Lowell, Mass.