Christopher R. McCleary Elected Chairman of the Board

Radware Ltd. (NASDAQ: RDWR), the leading provider of intelligent integrated solutions for ensuring the fast, reliable and secure delivery of networked and Web-enabled applications over IP, today announced that technology industry pioneer Christopher R. McCleary has been elected non-executive Chairman of the Board . Currently a general partner at Blue Chip Venture Company, McCleary has served as a director since 2000.

"As a board member for six years, Chris has been instrumental in helping management navigate the changing industry landscape. With his in-depth knowledge of the company and the market, we are confident in his ability to help our management team continue to lead the company to success while being a voice for our shareholders," stated Roy Zisapel, CEO, Radware.

McCleary's career and recent professional accomplishments reflect his commitment to technology innovation, entrepreneurship and business growth. Prior to joining Blue Chip Venture Company, he founded and served as CEO of Evergreen Assurance, Inc. which developed an award winning, advanced network based real-time replication and recovery service for mission critical applications. The Evergreen service dramatically improved the ability for enterprises to maintain critical business operations.

Before Evergreen, McCleary founded the first application service provider, USinternetworking, Inc and is widely credited as the visionary that created the disruptive Software as a Service business model. USi conceived, engineered and built a global application infrastructure and delivered the functionality of enterprise software as an advanced network enabled business service that served as the first model for the new industry.

Before launching USi, McCleary was Chairman and Chief Executive Officer of DIGEX, Incorporated. DIGEX was the first provider of complex web site management and ecommerce managed services. DIGEX was acquired by MCI and is now a core component of Verizon Business. Earlier in his career, McCleary served as Vice President and General Manager for Satellite Telephone Service at American Mobile Satellite Corporation, a satellite communications company.

"At Evergreen, USi and DIGEX, we utilized Radware technology in our network infrastructure because it was the most advanced in the industry," stated McCleary. "The company's engineering talent and recent investments in sales and marketing have aligned Radware for significant growth. I look forward to working with the Board and the talented management team at Radware to capitalize on this great market opportunity.

McCleary is a recipient of the Ernst and Young Entrepreneur of the Year Award for software services; he was awarded the Washington Post/Newsweek Corporate Citizen of the Year Award and was also honored by Forbes Magazine as one of the E-Gang Leaders of Change. He holds a Bachelor's degree from the University of Kentucky.

About Radware

Radware (NASDAQ:RDWR) is the global leader in integrated application delivery solutions, assuring the full availability, maximum performance and complete security of all business critical networked applications while dramatically cutting operating and -scaling costs. Over 3,000 enterprises and carriers worldwide use Radware application-smart switches to drive business productivity and improve profitability by adding critical application intelligence to their IP infrastructure, making networks more responsive to specific business processes. Radware's APSolute product family provides the most complete set of application front-end, remote access and security capabilities for application-smart networking to ensure faster, more reliable and secure business transactions. Learn more on how Radware application delivery solutions can enable you to get the most of your investments in IT infrastructure and people. 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 industry, changes in demand for Application Switching 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.

Meir Moshe, Radware Ltd.; 011-972-3766-8610 or meirm@radware.com
Investor Relations:
Dennis S. Dobson; 203-255-7902 or IR@radware.com

 

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