SEATTLE, Nov. 10, 2020 /PRNewswire/ -- The 5G Open
Innovation Lab (5GOILab), a global ecosystem of developers,
enterprises and government institutions, today announced that F5
(NASDAQ: FFIV), a multi-cloud application security and delivery
company, has joined the Lab as a Corporate Partner. F5 will be
providing carrier-scale 5G infrastructure and security solutions
deployed through virtual, containerized and physical architectures
to the Lab's diverse start-up ecosystem. As a corporate partner, F5
will leverage its rich experience in telco network traffic
management, app security services and cloud computing to help the
Lab's startup ecosystem develop, test and deploy 5G solutions in
order to accelerate market adoption. F5 joins the Lab's
Founding Partners Amdocs, Dell Technologies, Intel, Microsoft,
NASA, T-Mobile and VMware and Corporate Partner Avanade.
The Lab selects 15 to 20 early- and later-stage companies to
participate in the program twice a year. These companies represent
5G infrastructure and 5G-enabled technologies such as artificial
intelligence, edge computing and IoT across diverse markets
including agriculture, manufacturing, entertainment,
transportation, energy and space. To date, 33 companies have been
accepted to the program.
"F5's participation in the 5GOILab will spur more even more
creativity and real world problem-solving to share and apply
market-driven agile innovation to our leading 5G infrastructure,
edge and security offerings." said James
Feger, VP and GM for Service Provider at F5. "These fresh
applications and deployment ideas stretch beyond standard
proof-of-concept labs in a unique atmosphere of mutual learning and
growth to benefit service providers and especially mobile operators
– whether part of a large-scale telco cloud ecosystem, a private
network for specific vertical use cases or a mix of both. It
elevates us all to be better prepared for the known and unknown
challenges at the new insertion points in a 5G network."
According to analyst firm Verified Market Research in a report
published October 20, 2020, the
"Global Cloud Computing Market was valued at USD 252.70 Billion in 2019 and is projected to
reach USD 718.07 Billion by 2027,
growing at a CAGR of 13.9%." The analyst report looked at new
trends in application cloud development such as Infrastructure as a
Service (IaaS) and hybrid public-private clouds.
"We have always believed that realizing the true potential of
future 5G networks depends entirely on developer access to these
networks. Just as they did with the Cloud, developers will become
the driving force behind new applications, services, and industrial
capabilities built on intelligent edge platforms," said
Jim Brisimitzis, general partner of
the 5G Open Innovation Lab. "As a corporate partner, F5 brings deep
telco and enterprise experience to the Lab that will help us verify
and bring to market proven 5G-enabled applications through our
portfolio. Very few companies have the depth of knowledge and
expertise in both telecom and application development and we are
fortunate to have them join us."
The Lab is managing its Fall 2020 program consisting of 16
member companies that will conclude their 12-week program next
week.
About F5
F5 (NASDAQ: FFIV) is a multi-cloud application security and
delivery company that enables organizations to bring extraordinary
digital experiences to life. For more information, go to
f5.com. You can also follow @f5 on Twitter or visit us
on LinkedIn and Facebook for more information
about F5, its partners, and technologies.
About the 5G Open Innovation Lab
The 5G Open Innovation Lab (5G OI Lab) is a global ecosystem of
corporate enterprises, academia and government institutions working
together with early- and later-stage start-ups to fuel the
development of new 5G capabilities and market categories that will
transform the way we work, live and play both now and in the
future. The Lab provides developers at all stages unparalleled
access to open platforms and markets needed to create, test and
deploy new use cases and innovations for 5G. To learn more about
the Lab and its ecosystem of companies, please visit
https://www.5GOILab.com/ or follow us on Twitter at @5GOILab.
F5 is a trademark of F5 Networks, Inc., in the U.S. and other
countries. All other product and company names herein may be
trademarks of their respective owners.
Media Contact:
Rich Phillips
rich@5GOILab.com
+1-512-270-1710
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SOURCE 5G Open Innovation Lab