One of Taiwan’s leading System Integrators benefits from Radware’s Alteon acquisition
Radware (NASDAQ: RDWR), the leading provider of integrated application delivery solutions for business-smart networking, announced today that the integration of Alteon has been moving forward smoothly and many of the recruited Alteon’s partners have demonstrated their confidence for the acquisition and are seamlessly migrating to the new organization.
Alteon application delivery products, certain related intellectual property assets, tangible assets, inventory and service contracts were included in the acquisition. Radware reinforced its commitment to Alteon – in terms of the product line, channel and customers - by guaranteeing a 5-year product support plan and a roadmap which includes the upgrading of the product line and its longevity.
“We feel reassured that the acquisition of the Alteon product line was made by Radware," stated Michael Liu, GM, AREC. "Alteon products are well recognized as stable and reliable products by the market. Radware’s commitment to evolve the product line and provide immediate professional services and support, gives us and our customers even more confidence.”
“The addition of the Alteon business to Radware’s product portfolio enhances our offering. The strengths of Radware and Alteon complement each other and create synergy in both technologies and customer segments,” Sam Lin, Country Manager, Radware Taiwan. “By leveraging mutual strengths, we will provide the next generation of more reliable, high-performance and feature-rich solutions from which our partners and customers will see benefits.”
After the acquisition, Radware delivered enhanced training, programs and tools to help resellers understand the key differentiators and added-value that customers will benefit from using these products and which will ultimately help them grow their businesses.
“We are impressed by Radware’s professional execution and integration of the acquisition” said Tony Lee, Sales Director, AREC “We are now able to serve our customers with a full range of Radware’s high performance and availability solutions. Radware has been actively assisting us in pursuing growth opportunities despite the global macroeconomic challenges.”
AREC Networks Inc. (Advanced Research, Engineering and Consulting, Networks Inc.), based in Taiwan, is a leading System Integrator providing a variety of network-specific products and solutions to meet the demand of corporate market.
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 nearly 10,000 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 and Network Security industry, changes in demand for Application Switching and 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.