Radware Signs Multi-Million Dollar Product Subscription Agreement with Major Business Information Provider
Multiple-Year Agreement to Cover Critical Applications and Main U.S. Data Centers and Global Entities
Radware® (NASDAQ: RDWR), a leading provider of cyber security and application delivery solutions, today announced that it has signed a multi-million dollar product subscription deal with a major business information provider to support application delivery, application security and data center cyber security solutions across their entire network. The multiple-year agreement covers not only customer-facing applications but also their primary U.S. data centers and global entities within their IT infrastructure.
The customer has relied on Radware’s awarded, flagship application delivery controller (ADC) and load balancer – Alteon® NG – to ensure 24x7 availability and responsiveness of its core information services applications for several years. This end-to-end application delivery solution allows organizations like this business information provider to simplify operations while allowing optimal application resilience, acceleration, and security.
The product subscription deal will allow the customer to continue to enjoy the benefits of essential, integrated services that are bundled with Alteon NG without performance degradation including: web application firewall (WAF), web performance optimization (WPO), application performance monitoring (APM) and layered security. In addition, the customer will now be able to take advantage of advanced orchestration, management and automation ‘self-service’ capabilities that work to reduce operational workloads and human error and serve to create repeatable work-flow templates and routing rules for more efficient day-to-day administration.
On the security side the product subscription agreement will afford the business information company the widest security coverage to detect and mitigate against: known and zero-day DDoS, flood, SSL, misuse, stealth and vulnerability attacks. The security update subscription leverages Radware’s Attack Mitigation Solution (AMS) and provides up-to-date attack information and fingerprints to improve security efficiency and time accuracy for mitigating new cyber-attacks.
“Companies that deliver real-time information and insights are required by their customers to deliver near instantaneous response times, as close to 100% availability, and bullet-proof security for these online news applications,” said Roy Zisapel, President and CEO of Radware. “With this enhanced relationship for the next three years Radware solutions will assist this organization to be protected from attack while maintaining maximum uptime of its online applications and information. We are pleased with their continued trust of Radware with their mission-critical infrastructure and are committed to delivering the utmost value to them – and as an extension – their customers.”
Radware® (NASDAQ: RDWR), is a global leader of application delivery and cyber security solutions for virtual, cloud and software defined data centers. Its award-winning solutions portfolio delivers service level assurance for business-critical applications, while maximizing IT efficiency. Radware’s solutions empower more than 10,000 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 www.radware.com.
Radware encourages you to join our community and follow us on: Facebook, Google+, LinkedIn, Radware Blog, SlideShare, Twitter, YouTube, Radware Connect app for iPhone® and our security center DDoSWarriors.com that provides a comprehensive analysis on DDoS attack tools, trends and threats.
©2017 Radware Ltd. All rights reserved. Radware and all other Radware product and service names are registered trademarks or trademarks of Radware in the U.S. and other countries. All other trademarks and names are property of their respective owners. The Radware products and solutions mentioned in this press release are protected by trademarks, patents and pending patent applications. For more details please see: https://www.radware.com/LegalNotice/
Safe Harbor Statement
This press release may contain statements concerning Radware’s future prospects that are “forward-looking statements” under the Private Securities Litigation Reform Act of 1995. Statements preceded by, followed by, or that otherwise include the words "believes", "expects", "anticipates", "intends", "estimates", "plans", and similar expressions or future or conditional verbs such as "will", "should", "would", "may" and "could" are generally forward-looking in nature and not historical facts. For example, we cannot guarantee such deals in the future. For example, when we say that the Radware solutions will assist organizations to be protected from attack while maintaining maximum uptime of its online applications and information for the next three years, this is 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; changes in the competitive landscape; inability to realize our investment objectives; timely availability and customer acceptance of our new and existing products; risks and uncertainties relating to acquisitions; 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; Competition in the market for Application Delivery and Network Security solutions and our industry in general is intense; and other factors and risks on 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, reference is made to Radware’s Annual Report on Form 20-F which is on file 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.