Radware® (NASDAQ: RDWR), a leading provider of cyber security and
application delivery solutions, today announced it is delivering
state-of-the-art DDoS protection for a leading SaaS provider of
global cloud-based communications services. To increase protection
around its hybrid computing environment and ensure optimal delivery
of its services and application traffic, the industry leader
purchased Radware’s DefensePro® DDoS Protection solution as part of
a multimillion-dollar deal.
The SaaS company was looking for a DDoS solution that could
provide dynamic and granular protection from hidden micro floods
across a large-scale, high-bandwidth network with enormous user and
traffic requirements. In addition, the company was searching for a
low-latency solution with flexible deployment options to address
the requirements of its hybrid architecture.
According to Radware’s recent Global Threat Analysis Report, the
number of micro floods increased by 79% between 2020 and 2021.
Micro floods, or low throughput attack vectors, have throughputs
between 10Mbps to 1Gbps and are typically much harder to detect
using traditional algorithms based on thresholds.
“Malicious actors are constantly seeking new ways to disrupt the
flow of network traffic, undermine the user experience, jeopardize
revenue, and damage brands,” said Yoav Gazelle, Radware’s chief
business officer. “We won the business of this global
communications leader following an in-depth proof-of-concept
process, where we demonstrated state-of-the-art mitigation
capabilities. We structured a fully redundant and scalable
architecture that will enable the organization to grow
significantly over time while protecting its security
investment.”
Radware was recognized as a global leader in Forrester’s report,
The Forrester Wave™: DDoS Mitigation Solutions, Q1 2021. The
company was also named the market leader for the second consecutive
year in Quadrant Knowlege Solutions’ 2022 SPARK Matrix for DDOS
Mitigation.
Radware’s DefensePro patented, behavior-based detection
technology provides automated DDoS protection from fast-moving,
high-volume, encrypted or very short duration threats. It defends
against Burst, DNS, and TLS/SSL attacks as well as ransom DDoS
campaigns, Internet-of-Things botnets, phantom floods, and other
types of cyber threats. To match a broad range of customer needs,
DefensePro supports multiple deployment options, including
cloud-based, hardware-based, and hybrid solutions.
About RadwareRadware® (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 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 the Radware website.
Radware encourages you to join our community and follow us on:
Facebook, LinkedIn, Radware Blog, Twitter, YouTube, and Radware
Mobile for iOS and Android.
©2022 Radware Ltd. All rights reserved. Any 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.
Radware believes the information in this document is accurate in
all material respects as of its publication date. However, the
information is provided without any express, statutory, or implied
warranties and is subject to change without notice.
The contents of any website or hyperlinks mentioned in this
press release are for informational purposes and the contents
thereof are not part of this press release.
Safe Harbor Statement This press release
includes “forward-looking statements” within the meaning of the
Private Securities Litigation Reform Act of 1995. Any statements
made herein that are not statements of historical fact, including
statements about Radware’s plans, outlook, beliefs, or opinions,
are forward-looking statements. Generally, forward-looking
statements may be identified by words such as “believes,”
“expects,” “anticipates,” “intends,” “estimates,” “plans,” and
similar expressions or future or conditional verbs such as “will,”
“should,” “would,” “may,” and “could.” For example, when we say
that our architecture will enable the organization to grow
significantly over time while protecting its security investment,
we are using a forward-looking statement. 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; natural disasters and public health crises, such
as the coronavirus disease 2019 (COVID-19) pandemic; a shortage of
components or manufacturing capacity could cause a delay in our
ability to fulfill orders or increase our manufacturing costs; our
business may be affected by sanctions, export controls, and similar
measures, targeting Russia and other countries and territories, as
well as other responses to Russia’s military conflict in Ukraine,
including indefinite suspension of operations in Russia and
dealings with Russian entities by many multi-national businesses
across a variety of industries; our ability to successfully
implement our strategic initiative to accelerate our cloud
business; our ability to expand our operations effectively; timely
availability and customer acceptance of our new and existing
solutions; risks and uncertainties relating to acquisitions or
other investments; 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; intense competition in the market for cyber security and
application delivery solutions and in our industry in general, and
changes in the competitive landscape; changes in government
regulation; outages, interruptions, or delays in hosting services
or our internal network system; compliance with open source and
third-party licenses; the risk that our intangible assets or
goodwill may become impaired; our dependence on independent
distributors to sell our products; long sales cycles for our
solutions; changes in foreign currency exchange rates; undetected
defects or errors in our products or a failure of our products to
protect against malicious attacks; the availability of components
and manufacturing capacity; the ability of vendors to provide our
hardware platforms and components for our main accessories; our
ability to protect our proprietary technology; intellectual
property infringement claims made by third parties; changes in tax
laws; our ability to realize our investment objectives for our cash
and liquid investments; our ability to attract, train, and retain
highly qualified personnel; and other factors and risks over 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, refer to Radware’s Annual Report
on Form 20-F, filed 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.
Media Contact:Gerri
DyrekRadwareGerri.Dyrek@radware.com
RADWARE (NASDAQ:RDWR)
Historical Stock Chart
From Jun 2024 to Jul 2024
RADWARE (NASDAQ:RDWR)
Historical Stock Chart
From Jul 2023 to Jul 2024