Staffed with 70 professional, site to become global centre of excellence
New Delhi, India; December 7, 2009. Radware (NASDAQ: RDWR), the leading provider of integrated application delivery solutions for business-smart networking, today announced the formal opening of a new research and development center at Bangalore in India, making it one of the Company’s three major worldwide R & D Centers.
“India is one of our key high growth engines and the opening of our new R&D center marks a strategic milestone in our growth strategy,” said Mr. Ilan Kinreich, COO Radware. “We have been hiring more professional staff who will be collaborating with our other R&D centers to better provide fast emerging and diverse solutions suited to customer needs. The move was based on India's greater synergy with the Asian region amid the economic reforms in India, as well as prompted by the presence of several major Indian customers that do business with Radware.”
With more than 100 staff in India, Radware now has offices located in 5 cities including New Delhi, Mumbai, Bangalore, Hyderabad and Chennai. The Company has been present in India since 2002 and has become a leading provider of application delivery solutions to various industries such as government, banks, financial institutions, manufacturing companies and other large enterprise customers in the country.
“Even from a sales perspective, India is one of the great success stories in the entire Asia Pacific region,” Nikhil Taneja, Country Manager Radware, India & SAARC said. “We are very pleased to be increasing the number of employees and investments in the local market. It is a very positive sign for Radware as well as the application delivery market in general. We are seeing increased demand for Radware solutions in India as carriers, private companies and individuals start to take advantage of the strength of application delivery.”
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 application delivery and network 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.