Radware Signs Multi-Million Dollar Government Customer Contract
Radware (NASDAQ: RDWR), the leading global provider of integrated application delivery solutions for business-smart networking, today announced that it has signed a customer contract worth several million dollars with a foreign government agency. The deal is the largest to-date in the company's history.
"The sensitive nature of our customer's operations prevent us from disclosing their name publicly, however, we are pleased that they chose Radware as their preferred vendor after a comprehensive testing and review process involving several competitors in the space," said Roy Zisapel . He continued, "The size and scope of this deal demonstrates the level of confidence that customers - not only from the private sector but also public sector - have for our application delivery solutions. Over and over again, customers with large, high-stakes infrastructures turn to Radware to ensure their mission-critical applications are available, fast, and secure."
APSolute products purchased under the contract include the AppDirector intelligent application delivery controller, AppXcel application accelerator, and the DefensePro intrusion prevention system. The customer selected Radware because it was the only vendor that could offer a fully-integrated and end-to-end application delivery solution for high availability, performance optimization and application security. In addition, the customer required switch-based platforms with significant scalability and resiliency with a demonstrated, high MTBF rate to provide them with the proper foundation to build their next-generation network on top. Revenue recognition is spread over 2007.
About Radware Radware (NASDAQ:RDWR), the global leader in integrated application delivery solutions, assures the full availability, maximum performance, and complete security of business-critical applications for more than 5,000 enterprises and carriers worldwide. With APSolute™, Radware's comprehensive and award-winning suite of intelligent front end, access, and security products, companies in every industry can drive business productivity, improve profitability, and reduce IT operating and infrastructure costs by making their networks "business smart". For more information, please visit www.radware.com.
This press release may contain forward-looking statements that are subject to risks and uncertainties. Factors that could cause actual results to differ materially from these forward-looking statements include, but are not limited to, general business conditions in the Application Switching or Network Security industry, changes in demand for Application Switching or Network Security products, the timing and amount or cancellation of orders and other risks detailed from time to time in Radware's filings with the Securities and Exchange Commission, including Radware's Form 20-F.