SANTA CLARA, Calif. and MANHASSET, N.Y., Sept. 16, 2008 (GLOBE NEWSWIRE) -- Foundry Networks(r), Inc. (Nasdaq:FDRY), a performance and total solutions leader for end-to-end switching and routing, today announced that it was the highest rated networking manufacturing company and ranked number 31 on the prestigious InformationWeek 500 list for 2008. Foundry was recognized as a top Business Technology Innovator for the implementation of its high-performance and industry-leading IT infrastructure. The ranking was announced on Sept. 15, 2008 during the InformationWeek 500 Conference in Dana Point, Calif.
InformationWeek has identified and honored the nation's most innovative users of information technology with its annual listing, now in its 20th year, and has tracked the technology, strategies, investments and administrative practices of America's best-known companies. The list is unique among corporate rankings because it spotlights the power of innovation in information technology, rather than simply identifying the biggest IT spenders.
"For 20 years, the InformationWeek 500 has honored the most innovative users of business technology," said InformationWeek editor-in-chief Rob Preston. "Year after year, InformationWeek 500 companies harness technology to improve efficiency, boost productivity, drive revenue, and establish a competitive advantage. We applaud this year's winners, and the CIOs and other executives whose ingenuity and risk taking are at the center of business technology innovation."
"Being ranked as one of the top companies in the InformationWeek 500 list for 2008 is a great honor," said David Riley, chief information officer for Foundry Networks. "Through our ongoing focus on innovation, we developed a performance-driven IT infrastructure that provides all our employees the tools needed to design, manufacture and support industry-leading networking solutions for customers worldwide."
"We are pleased to be recognized again by InformationWeek as a leading business technology innovator in the United States for 2008," said Bobby Johnson, president and CEO for Foundry Networks. "With employees and offices around the world, the quality of our unified network infrastructure is a key part of our success. We have leveraged our technological leadership to create a network infrastructure that not only spurs innovation but also enables us to provide superior customer support for some of the largest and most demanding enterprises and service providers."
Additional details on the InformationWeek 500 can be found online at www.informationweek.com/iw500/.
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About Foundry Networks
Foundry Networks, Inc. (Nasdaq:FDRY) is a leading provider of high-performance enterprise and service provider switching, routing, security and Web traffic management solutions, including Layer 2/3 LAN switches, Layer 3 Backbone switches, Layer 4-7 application switches, wireless LAN and access points, access routers and metro routers. Foundry's customers include the world's premier ISPs, metro service providers, and enterprises, including e-commerce sites, universities, entertainment, health and wellness, government, financial and manufacturing companies. For more information about the company and its products, call 1.888.TURBOLAN or visit www.foundrynet.com.
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