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f5 Jan 07 , 2021 F5 to Acquire Volterra to Create the First Edge 2.0 Platform for Enterprises and Service Providers F5 raises revenue outlook , reiterates Horizon 2 non - GAAP operating and EPS targets , and reaffirms ... F5 raises revenue outlook , reiterates Horizon 2 non - GAAP operating and EPS targets , and reaffirms commitment to $ 1 billion in share repurchases F5 expects first quarter fiscal year 2021 GAAP and non - GAAP revenue growth of approximately 10 % with GAAP and non - GAAP revenue between $ 623 to $ 626 million , and non - GAAP earnings per share above the top end of its prior guidance range of $ 2.26 to $ 2.38¹ SEATTLE & SANTA CLARA , Calif .-- ( BUSINESS WIRE ) -- F5 Networks ( NASDAQ : FFIV ) , the leader in application security and delivery , and Volterra , the first universal edge - as - a - service platform , today announced a definitive agreement under which F5 will acquire all issued and outstanding shares of privately held Volterra for approximately $ 440 million in cash and approximately $ 60 million in deferred consideration and assumed unvested incentive compensation to founders and employees . With the addition of Volterra's technology platform , F5 is creating an edge platform built for enterprises and service providers that will be security - first and app - driven with unlimited scale . In connection with the transaction , F5 raised its Horizon 2 ( fiscal years 2021 and 2022 ) and long - term revenue outlook , and reiterated its Horizon 2 operating targets , including its commitment to achieving double - digit non - GAAP earnings per share growth . The company also reiterated its commitment to return $ 1 billion of capital over the next two years , including the initiation of a $ 500 million accelerated share repurchase in fiscal year 2021. In addition , F5 released a preview of its first quarter fiscal year 2021 financial results stating it expects GAAP and non - GAAP revenue in a range of $ 623 to $ 626 million , driven in part , by approximately 68 % GAAP , and 70 % non - GAAP , software revenue growth . " Current edge solutions are simply inadequate for today's enterprise customers . It's time to break out of closed edge systems that only perpetuate the pain of building , running , and securing apps , " said François Locoh - Donou , President and CEO , F5 . " With Volterra , we advance our Adaptive Applications vision with an Edge 2.0 platform that solves the complex multi - cloud reality enterprise customers confront . Our platform will create a SaaS solution that solves our customers ' biggest pain points . The success of F5's software transformation has put us in a position to deliver on the potential of Edge 2.0 and redefine our competitive position . " " I am excited to work closely alongside François and the F5 team to help pioneer the evolution of the edge to deliver more adaptive , dynamic application experiences for all of our customers , " said Ankur Singla , Founder and CEO , Volterra . " With our platform , we will extend F5's application security leadership to the edge , thereby expanding our combined reach in the fastest growing segment of F5's $ 28 billion 2023 total addressable market . " Volterra enables a new Edge 20 onen edge platform that will transform F5's leadershin nosition in