Radware Secures Multi-Million Dollar Deal With Global Financial Technology Services Provider
December 18 2018 - 6:00AM
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 24x7 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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©2018 Radware Ltd. All rights reserved. The Radware products and
solutions mentioned in this press release are protected by
trademarks, patents and pending patent applications of Radware in
the U.S. and other countries. For more details please
see: https://www.radware.com/LegalNotice/. All other
trademarks and names are property of their respective owners.
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
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undertakes no commitment to revise or update any forward-looking
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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.
Media Contacts:Deborah
SzajngartenRadware201-785-3206deborah.szajngarten@radware.com
Investor Relations:Anat
Earon-Heilborn+972 723917548ir@radware.com
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