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Business: F5 is a leading provider of multi-cloud application services that allow its customers to develop, deploy, operate, secure and govern applications in any architecture, from on-premises to public cloud. the Company’s Traffic Management Operating System (TMOS) based offerings include software products for local and global traffic management, network and application security, access management, Web acceleration and various network and application services. These products are available as modules that can run individually or as part of an integrated solution on the company’s purpose-built BIG-IP appliances and VIPRION chassis-based hardware, or as software-only Virtual Editions.
Stock Market Value: $9.8B ($159.46 per share)
Percentage Ownership: n/a
Average Cost: n/a
Activist Commentary: Elliott has a history as one of the premiere activist investors in technology companies. Their team includes analysts from leading tech private equity firms, engineers, operating partners – former technology CEOs and COOs. When evaluating an investment they also hire specialty and general management consultants, expert cost analysts and industry specialists. They often watch companies for many years before investing and have an extensive stable of impressive board candidates. Elliott filed a 13D on F5 competitor Citrix Systems, Inc. (CTXS) on June 11, 2015 and outlined a plan for the