MAHWAH, N.J., Dec. 18, 2018 (GLOBE NEWSWIRE) — Radware® (NASDAQ: RDWR), a leading provider of cyber security and application delivery solutions, today announced a multi-million dollar deal with a global financial information technology provider based in North America. The deal is a complete ADC and Attack mitigation as a subscription deal and includes both software and hardware components. This transaction will practically double Radware’s Annual Recurring Revenue (ARR) from this customer. It includes Radware’s new Global Elastic License (GEL) subscription in combination with Radware Attack Mitigation, and Application Delivery Appliances.
The customer is upgrading its attack mitigation and application delivery and application security capabilities to protect its global infrastructure and increase the efficiency with which it processes a high volume of transactions each day. With this upgrade, Radware provides the customer with an unlimited number of application delivery controller (ADC) instances, and web application firewall instances with real time flexibility to provision, scale and decommission instances all within a total global capacity.
This customer returned to Radware when it planned to upgrade its systems based on a longstanding history of demonstrated value. Radware’s GEL was a key factor in this competitive win. GEL enables high levels of flexibility for ADC services across datacenters, private cloud and public clouds such as Amazon Web Services, Microsoft Azure, IBM Softlayer and Google Cloud. Through dynamic ADC capacity allocation, this customer will have the ability to move capacity across environments, allowing the use of capacity when and where it’s needed without having to invest in a dedicated ADC infrastructure for each location where the organization’s applications are deployed, increasing efficiency and reducing expenditures. Additionally, this financial information services provider has upgraded its attack mitigation infrastructure to ensure that they are efficiently protecting their network from the most advanced threats.
“As customers are on a journey of transitioning from legacy data centers to new cloud technologies and public cloud, the Radware solution provides them the key values of availability, performance, security, now with full investment protection and complete flexibility to the changing form factors and environments,” said Roy Zisapel, President and CEO of Radware. “It’s a true win-win that enables the customer to serve their changing business requirements and gain more value from their investments.”
Radware’s family of DDoS security solutions provide integrated application and network security for a best of breed, multi-layered security architecture and DDoS attack prevention. The solution provides the highest protection accuracy with patent-protected behavioral based detection to protect legitimate traffic and real-time signature creation for zero-day attack protection. Radware’s hybrid DDoS protection integrates always-on detection and mitigation (on-premises or in the cloud) with cloud-based volumetric DDoS attack prevention, scrubbing, and 24×7 Emergency Response Team (ERT) support. Radware’s Defense SSL protection supports all types of encrypted attacks, including TCP SYN Floods, SSL Negotiation Floods, HTTPS Floods, and Encrypted Web Attacks.
Radware’s next-generation ADC solution is the only load balancer that guarantees application SLA. It provides advanced, end-to-end local and global load balancing capabilities for all web, cloud and mobile-based applications. It combines best-of-breed application delivery capabilities, market-leading SSL performance that supports all of the latest encryption protocols, and advanced services to companies with ongoing application lifecycle management challenges that impact the performance of web applications (such as heavier, more complex web content); mobility, and the migration to the cloud.
About Radware
Radware® (NASDAQ: RDWR), is a global leader of cyber security and application delivery solutions for physical, cloud, and software defined data centers. Its award-winning solutions portfolio secures the digital experience by providing infrastructure, application, and corporate IT protection and availability services to enterprises globally. Radware’s solutions empower more than 12,500 enterprise and carrier customers worldwide to adapt to market challenges quickly, maintain business continuity and achieve maximum productivity while keeping costs down. For more information, please visit www.radware.com.
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Safe Harbor Statement
This press release may contain statements concerning Radware’s future prospects that are “forward-looking statements” under the Private Securities Litigation Reform Act of 1995. Statements preceded by, followed by, or that otherwise include the words “believes”, “expects”, “anticipates”, “intends”, “estimates”, “plans”, and similar expressions or future or conditional verbs such as “will”, “should”, “would”, “may” and “could” are generally forward-looking in nature and not historical facts. For example, we cannot guarantee such transactions in the future. Because such statements deal with future events, they are subject to various risks and uncertainties and actual results, expressed or implied by such forward-looking statements, could differ materially from Radware’s current forecasts and estimates. Factors that could cause or contribute to such differences include, but are not limited to: the impact of global economic conditions and volatility of the market for our products; changes in the competitive landscape; inability to realize our investment objectives; timely availability and customer acceptance of our new and existing products; risks and uncertainties relating to acquisitions; the impact of economic and political uncertainties and weaknesses in various regions of the world, including the commencement or escalation of hostilities or acts of terrorism; Competition in the market for Application Delivery and Network Security solutions and our industry in general is intense; and other factors and risks on which we may have little or no control. This list is intended to identify only certain of the principal factors that could cause actual results to differ. For a more detailed description of the risks and uncertainties affecting Radware, reference is made to Radware’s Annual Report on Form 20-F, which is on file with the Securities and Exchange Commission (SEC) and the other risk factors discussed from time to time by Radware in reports filed with, or furnished to, the SEC. Forward-looking statements speak only as of the date on which they are made and, except as required by applicable law, Radware undertakes no commitment to revise or update any forward-looking statement in order to reflect events or circumstances after the date any such statement is made. Radware’s public filings are available from the SEC’s website at www.sec.gov or may be obtained on Radware’s website at www.radware.com.
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