On Monday, F5 Networks (NASDAQ:FFIV) announced that it has agreed to buy software-defined networking (SDN) services developer LineRate Systems for an undisclosed sum.

In a statement describing the acquisition, F5 said: "The LineRate acquisition aligns with F5's vision forĀ application control plane architecture and goal of delivering application-layer SDN services to bring superior agility, application intelligence, and programmability to software defined data centers."

F5 also noted that "LineRate's software defined solution is an early stage product." The company said "the acquisition is not expected to have a material impact on the company's operating results."

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Fool contributor Rich Smith has no position in any stocks mentioned. The Motley Fool recommends F5 Networks. The Motley Fool owns shares of F5 Networks. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.