Radware Enhances Digital Transformation of South American Conglomerate in a Million Dollar Deal Expansion


MAHWAH, NJ March 29, 2022 06:00 AM

Increases scalability and cost effectiveness with integrated web application protection and delivery

Radware® (NASDAQ: RDWR), a leading provider of cyber security and application delivery solutions, today announced it expanded its relationship with a major South American conglomerate in a million dollar deal. To support the digital transformation of its portfolio companies, the conglomerate is leveraging Radware’s solution to increase its application cybersecurity defenses, expand DDoS protection for its local infrastructure, and add integrated application delivery capabilities.

“For companies in the midst of digital transformation, the ability to secure applications across a hybrid cloud environment is critical,” said Rob Hartley, vice president, overseeing Radware’s LATAM and EMEA regions. “Our integrated application and network security solutions offer major operational advantages and cost savings. You get state-of-the-art security without having to make performance tradeoffs or guesstimate what your capacity needs might be a year from now. The solutions are built to scale as organizations migrate to the cloud and modernize their applications.”

The conglomerate turned to Radware for comprehensive integrated application and network security, including its Attack Mitigation Solution. To protect application availability, the conglomerate increased its investment in Radware’s DefensePro® DDoS protection. To secure delivery of its web applications and provide API security, the organization deployed Radware’s integrated web application firewall (WAF). The integrated WAF combines in a single solution Radware’s Alteon® application delivery controller with its industry leading AppWall® web application and API protection (WAAP) solution. Together, the collective solutions safeguard against application-level and encrypted attacks, including SQL injection, brute force, data leakage, TCP SYN floods, SSL negotiation floods, and HTTPS floods.

In addition, the conglomerate deployed Radware’s Alteon Global Elastic License (GEL) for managing application performance and its multi data center strategy. The unique licensing model enables organizations to decide how best to use a single capacity license to shift and scale workloads and capacity across any private data center, or public and private cloud, regardless of location or type.

Forrester ranked Radware a global leader in its report, “The Forrester Wave™: DDoS Mitigation Solutions, Q1 2021.” Quadrant Knowledge Solutions named Radware a leader in its 2021 SPARK Matrix: Web Application Firewall report. In addition, Radware was recognized as a Customers’ Choice in the 2021 Gartner Peer Insights™ “Voice of the Customer:” Web Application Firewall report.

About Radware

Radware® (NASDAQ: RDWR) is a global leader of cyber security and application delivery solutions for physical, cloud, and software defined data centers. Its award-winning solutions portfolio secures the digital experience by providing infrastructure, application, and corporate IT protection, and availability services to enterprises globally. Radware’s solutions empower 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 the Radware website.

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Radware believes the information in this document is accurate in all material respects as of its publication date. However, the information is provided without any express, statutory, or implied warranties and is subject to change without notice.

The contents of any website or hyperlinks mentioned in this press release are for informational purposes and the contents thereof are not part of this press release.

Safe Harbor Statement

This press release includes “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Any statements made herein that are not statements of historical fact, including statements about Radware’s plans, outlook, beliefs, or opinions, are forward-looking statements. Generally, forward-looking statements may be identified by words such as “believes,” “expects,” “anticipates,” “intends,” “estimates,” “plans,” and similar expressions or future or conditional verbs such as “will,” “should,” “would,” “may,” and “could.” For example, when we say that with our solution you get state-of-the-art security without having to make performance tradeoffs or guesstimate what your capacity needs might be a year from now, we are using 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; natural disasters and public health crises, such as the coronavirus disease 2019 (COVID-19) pandemic; our ability to successfully implement our strategic initiative to accelerate our cloud business; our ability to expand our operations effectively; timely availability and customer acceptance of our new and existing solutions; risks and uncertainties relating to acquisitions or other investments; 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; intense competition in the market for cyber security and application delivery solutions and in our industry in general, and changes in the competitive landscape; changes in government regulation; outages, interruptions, or delays in hosting services or our internal network system; compliance with open source and third-party licenses; the risk that our intangible assets or goodwill may become impaired; our dependence on independent distributors to sell our products; long sales cycles for our solutions; changes in foreign currency exchange rates; undetected defects or errors in our products or a failure of our products to protect against malicious attacks; the availability of components and manufacturing capacity; the ability of vendors to provide our hardware platforms and components for our main accessories; our ability to protect our proprietary technology; intellectual property infringement claims made by third parties; changes in tax laws; our ability to realize our investment objectives for our cash and liquid investments; our ability to attract, train, and retain highly qualified personnel; and other factors and risks over 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, refer to Radware’s Annual Report on Form 20-F, filed 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.

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