F5 Strengthens Leadership in Multicloud Networking With Expanded Technology Partnerships and Customer Success
F5 (NASDAQ: FFIV) is reinforcing its leadership in multicloud networking through new technology partnerships and customer success stories. The multicloud networking market is projected to reach $10.16 billion by 2028. F5’s Distributed Cloud Services are designed to simplify and secure the connectivity of applications and APIs across various environments. Key partnerships with NetApp, Red Hat, and Console Connect enhance data mobility, security, and network reach, addressing enterprise challenges in multicloud environments. Customers like Ailos Cooperative, Grupo Élève, McGraw Hill, and the Scottish Government have successfully leveraged F5’s solutions to enhance security, performance, and management of their digital assets.
- Projected multicloud networking market growth to $10.16 billion by 2028.
- F5’s partnerships with NetApp, Red Hat, and Console Connect enhance data mobility and security.
- Customer success stories from Ailos Cooperative, Grupo Élève, McGraw Hill, and the Scottish Government demonstrate effective use of F5’s solutions.
- None.
Insights
F5 Networks has announced new partnerships and customer successes in the multicloud networking space. The multicloud networking market is forecasted to reach $10.16 billion by 2028, which represents a significant opportunity for growth. This highlights the relevance of F5’s expansion in this domain. Their collaboration with notable companies like NetApp, Red Hat and Console Connect showcases their strategic approach to leveraging partnerships to provide comprehensive multicloud solutions.
From a market perspective, these alliances are important as they enhance F5's capabilities and add value to their existing services. The partnerships are designed to address specific needs such as secure data mobility, simplified workload migration and enhanced global network connectivity. These solutions address key pain points in the multicloud environment, such as security, management complexity and integration issues. The ability to offer robust, secure and simplified multicloud operations will likely resonate well with enterprises facing these challenges.
In the short term, F5’s partnerships should improve market perception and customer confidence, potentially increasing their market share. Long term, these collaborations are expected to solidify F5's position as a leader in the multicloud networking sector. For investors, the strategic partnerships and proven customer successes reflect F5's commitment to innovation and customer-centric solutions, which are essential drivers for sustained growth.
F5’s integration with partners such as NetApp, Red Hat and Console Connect is designed to address the complexities of multicloud environments. NetApp's expertise in data mobility enhances F5's offerings by providing secure and efficient data management across hybrid and multicloud environments. This is particularly significant as data mobility is a critical component for enterprises looking to ensure disaster recovery and optimize IT operations.
The collaboration with Red Hat simplifies cloud workload migration, a major challenge for many enterprises. The integration with Red Hat OpenShift Service on AWS (ROSA) provides enhanced security and reduces the complexity of managing hybrid cloud environments. Additionally, the partnership with Console Connect extends F5's reach by leveraging a global Tier 1 IP network for secure, private and efficient data movement, which is important for protecting sensitive data and ensuring high performance.
These technological partnerships not only enhance F5's multicloud networking capabilities but also provide a more seamless and secure experience for enterprises. By addressing key infrastructure and security challenges, F5 is well-positioned to meet the evolving needs of modern enterprises operating in complex multicloud environments.
From a financial standpoint, F5’s strategic partnerships and customer successes are positive indicators. Expanding their technology partnerships with industry leaders like NetApp, Red Hat and Console Connect suggests a strong commitment to innovation and addressing market needs. These collaborations could lead to increased revenue streams as they potentially attract more customers needing comprehensive multicloud solutions.
F5's emphasis on reducing operational complexity and enhancing security in multicloud environments aligns with the industry's growing demand for such services. This alignment, coupled with proven customer success stories, suggests F5 is effectively addressing its target market's pain points. The reported customer case studies, such as Ailos Cooperative and McGraw Hill, demonstrate tangible benefits from using F5’s solutions, including improved security, streamlined operations and reduced administrative workloads.
For investors, F5's strategic direction and market positioning could translate into long-term financial stability and growth. The company's ability to innovate and adapt to the rapidly growing multicloud market provides a solid foundation for sustainable earnings. However, investors should also be aware of the competitive landscape and the need for F5 to continually innovate to maintain its leadership position.
Enterprises facing multicloud complexity turn to F5 to dramatically simplify connecting their most advanced applications
As a pioneer in multicloud application security and delivery, F5’s solutions help customers solve the unique complexity challenges inherent in securely connecting applications and APIs across hybrid multicloud environments. To help solve this challenge, F5 Distributed Cloud Services offer infrastructure-agnostic solutions that reduce the complexity of networking across data centers, clouds, and the edge, while enabling consistent app security policy and enforcement, regardless of where the apps are hosted.
According to F5’s 2024 State of Application Strategy Report, the demand for multicloud networking strategies has grown significantly—with nearly
“Modern enterprises today must manage a multitude of disparate applications, all hosted on multiple clouds and on-premises environments. The realities of today’s hybrid multicloud infrastructures mandate that applications must be stitched together to deliver secure, fast, and reliable digital experiences,” said Arul Elumalai, Senior Vice President and General Manager, Distributed Cloud Platform and Security Services at F5. “With multicloud comes significant complexity, cost, and security risks, as applications become increasingly distributed. F5’s secure multicloud networking capabilities abstract this complexity to connect and protect these distributed applications, without having to pay attention to the cloud or infrastructure on which they run.”
F5 Introduces Technology Partnerships to Help Enterprises Tackle Multicloud Networking Challenges
F5 has developed partnerships with key technology leaders to extend the capabilities of its multicloud networking solutions and address a broader set of customer challenges.
NetApp
F5 is collaborating with NetApp, a global leader in data storage solutions, to provide enterprises with robust, secure, and agile data mobility capabilities, enhancing hybrid cloud ROI and reducing IT overhead. NetApp, with over three decades of expertise, and trusted by more than 10,000 customers globally, continues to innovate in the cloud era, offering unified data storage for any data type, workload, or application.
NetApp Blue XP provides a cloud-native unified management experience for storage and data services across multicloud, hybrid, and on-premises environments. Blue XP integrates on-site storage with the public cloud of a customer’s choice, keeping data secure and always available while optimizing cost and performance. F5’s Distributed Cloud Services deliver a secure MCN solution for Blue XP users that enables safe, easy, and simplified operations of connecting NetApp storage on-premises and Cloud Volumes ONTAP (NetApp's cloud-based data management service) in the cloud. Data mobility achieved by NetApp and F5 simplifies disaster recovery processes and promotes data as a strategic asset. This partnership empowers businesses to navigate the complexities of multicloud environments with confidence.
Red Hat
F5 has enhanced its collaboration with Red Hat to simplify the migration and management of cloud workloads using Red Hat OpenShift Service on AWS (ROSA). By enabling integration for F5 Distributed Cloud Services with ROSA, customers can connect and manage hybrid cloud environments with improved security capabilities, reduced complexity, and lower costs. This collaboration leverages F5 Distributed Cloud App Connect to provide more seamless app-to-app communication and security-optimized workload migration, delivering greater consistency, security, and visibility.
Console Connect
F5 is also introducing its collaboration with Console Connect, a premier Network as a Service (NaaS) provider. This partnership integrates Console Connect with F5 across multiple Points of Presence (PoPs), extending F5's global backbone and reinforcing its multicloud networking solutions. Underpinned by a Tier 1 IP network that is ranked in the top 10 globally, Console Connect brings significant network reach, enabling secure and efficient data movement across cloud environments.
Together, F5 and Console Connect enhance multicloud connectivity and security by removing the need to rely on the public internet, resulting in private and secure connectivity across clouds. Through this partnership, customers benefit from F5 Distributed Cloud Services such as DDoS Protection on Console Connect’s global network for public-facing applications, in addition to seamless deployment of customer edge (CE) software capabilities for Network Auto-Discovery, Cloud Orchestration, Distributed Application and API Security, and more.
Proven Customer Success with F5 Distributed Cloud Secure Multicloud Networking Solutions
Organizations are harnessing the multicloud networking capabilities of F5 Distributed Cloud Services to enhance their app and API security, performance, and management. Here are four standout case study snapshots that showcase how customers have transformed their operations with F5:
- Ailos Cooperative, a financial services provider, implemented F5 solutions such as F5 Distributed Cloud Network Connect to connect its app portfolio between multiple public clouds and its proprietary data centers. F5 enabled Ailos to fortify its app and API security, ensuring consistent protection and high performance across various cloud platforms. F5 provided comprehensive traffic management, robust security measures, and streamlined compliance, which helped Ailos manage its multicloud infrastructure efficiently. As a result, Ailos could focus on delivering reliable digital experiences to customers, who could be confident in the security and performance of their applications.
-
Grupo Élève, an educational technology provider, needed to overcome the complexity of delivering a first-class student experience from its multicloud environment. A secure multicloud networking solution centered on F5 Distributed Cloud Services ensured seamless integration and fortified security to streamline traffic management and enhance application protection across different cloud platforms. This resulted in a unified approach to compliance and performance that reduced complexity while reducing admin workloads by
90% . - McGraw Hill, a leading educational content provider, aimed to streamline its multicloud management and enhance security. By adopting F5 Distributed Cloud Services, McGraw Hill simplified its infrastructure and management while delivering consistent app-level security across various cloud platforms. F5 simplified the company’s ability to deploy and scale apps across disparate cloud environments, while providing robust traffic management, fortified application protection, and ensured compliance.
- The Scottish Government needed a streamlined approach to connect clouds, services, apps, and APIs with consistent visibility and security across assets. With F5 Distributed Cloud Services, the Scottish Government has created a single administration model across cloud environments where they can keep policies consistent on an ongoing basis, while eliminating multiple dashboards. F5 multicloud networking solutions facilitated a seamless transition to a multicloud infrastructure, allowing the organization to leverage future cloud innovations while ensuring operational security and efficiency.
All the above solutions are available to F5 Distributed Cloud Services customers. For more information, visit f5.com.
Resources
- Secure Multicloud Networking
- F5 Distributed Cloud Services
- F5 Customer Stories and Case Studies
- F5 Partner Programs
- F5 Technology Alliances
- F5’s 2024 State of Application Strategy Report
About F5
F5 is a multicloud application security and delivery company committed to bringing a better digital world to life. F5 partners with the world’s largest, most advanced organizations to secure every app—on premises, in the cloud, or at the edge. F5 enables businesses to continuously stay ahead of threats while delivering exceptional, secure digital experiences for their customers. For more information, go to f5.com. (NASDAQ: FFIV)
You can also follow @F5 on X (Twitter) or visit us on LinkedIn and Facebook to learn about F5, its partners, and technologies.
F5 is a trademark, service mark, or tradename of F5, Inc., in the
1Source cited: IDC, Worldwide Multicloud Networking Forecast, 2024–2028, Document # US52189024, May 2024
SOURCE: F5, Inc.
View source version on businesswire.com: https://www.businesswire.com/news/home/20240711121284/en/
Jenna Becker
F5
(415) 857-2864
j.becker@f5.com
Holly Lancaster
WE Communications
(415) 547-7054
hluka@we-worldwide.com
Source: F5, Inc.
FAQ
What is the projected growth of the multicloud networking market?
How do F5’s technology partnerships enhance their multicloud networking solutions?
Which companies have successfully used F5’s multicloud networking solutions?
