Foundry Networks Listed On InformationWeek 500 for 2007

Foundry Chosen as Only One of 39 Information Technology Companies Honored This Year by One of the World's Leading Business Technology Publications


SANTA CLARA, Calif., Oct. 1, 2007 (PRIME NEWSWIRE) -- Foundry Networks(r), Inc. (Nasdaq:FDRY), a performance and total solutions leader for end-to-end switching and routing, today announced that it has been listed as a Business Technology Innovator on the InformationWeek 500 list for 2007. Foundry is one of the 39 companies selected in the Information Technology (IT) Industry category and one of five networking IT vendors for 2007. The 2007 InformationWeek 500 companies were revealed during the InformationWeek 500 Conference in Tucson, Ariz. from Sept. 16-19.

For nearly 20 years, InformationWeek has identified and honored the nation's most innovative users of information technology with its annual listing. 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.

"The InformationWeek 500 honors today's leading companies who set the benchmark for business technology strategies and projects," said InformationWeek vice president and publisher, John Siefert. "The companies on our list are some of the most innovative users of technology."

"We are honored to be recognized by InformationWeek as one of the leading business technology innovators in the United States for 2007," said Bobby Johnson, president and CEO for Foundry Networks. "Through the extensive use of information technology throughout our organization, our employees companywide are empowered and equipped to engineer, manufacture and support industry-leading networking products and solutions worldwide."

Additional details on the InformationWeek 500 can be found at www.InformationWeek.com/iw500/. For more about the InformationWeek 500 Conference, visit www.InformationWeekconference.com.

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.

The Foundry Networks, Inc. logo is available at http://www.primenewswire.com/newsroom/prs/?pkgid=2756

About InformationWeek (www.InformationWeek.com)

InformationWeek is the leading multimedia Business Technology brand -- online sites, magazine, events and research -- providing CIOs and IT decision makers with unique perspective and tools that work in lock step with their decision making process -- from the setting of business strategies to the evaluation and recommendation of technology solutions. Through its cross-media platform, InformationWeek provides editorial content developed by both journalists and CIO and IT peers delivered when and how they want it, 24/7. For Technology Marketers, InformationWeek offers a dynamic portfolio of products to engage and align with the largest, most influential buying audience in the market. This means marketing solutions that target broad audiences (reach), as well as media programs organized by content themes and specific audience segments (composition). The InformationWeek audience of 3 million buyers, includes CIOs, IT executives and business managers who cut across industries, job titles, company sizes and global borders.

About CMP Technology (www.cmp.com)

CMP Technology is a marketing solutions company serving the technology industry. Through its market-leading portfolio of trusted information brands, CMP has earned the confidence of more technology professionals than any other media company. As a result, CMP is the premier provider of access, insight and actionable programs designed to connect sellers and buyers in ways that yield superior return on investment. CMP Technology is a subsidiary of United Business Media (http://www.unitedbusinessmedia.com), a global provider of news distribution and specialist information services with a market capitalization of more than $3 billion.



            

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