Radware® (NASDAQ: RDWR), a leading provider of cyber security and
application delivery solutions, today announced a new flexible
business model for managed security service providers (MSSPs). The
offering enables service providers to enjoy new revenue streams and
grow their businesses by extending an innovative line of managed
network and application security services to their customers.
“MSSPs are under constant pressure to evolve their services and
deliver an exceptional user experience without eroding their
margins,” said Haim Zelikovsky, vice president of Radware’s cloud
business. “Our security experts work alongside service providers to
not only defend their customers against cyber threats, but also
offer them a unique opportunity to create an industry-leading
portfolio of security services that can drive new revenue
streams.”
Catering to their business needs, Radware’s new offering enables
MSSPs to customize, rebrand, and resell the company’s Cloud DDoS
Protection and Cloud Application Protection Services. The services
are built to defend MSSPs’ customers against advanced cyber
threats, including DDoS, DNS, application, and layer 7 Web DDoS
attacks.
Leading service providers like US Signal are working with
Radware to expand their cyber defense portfolios and strengthen
their customers’ experiences.
“Radware understands the unique needs and challenges that
service providers face. In addition, to meeting important scale and
technology requirements, what sets Radware’s MSSP program apart is
the built-in support it offers in standing up a comprehensive
security service practice,” said David Humes, vice president of
product development for US Signal, a leading provider of cloud
solutions, network connectivity, and data center services. “We
selected Radware for their advanced technology, expertise in
surgically combating volumetric attacks, and ability to help us
fast track a new value-added security offering for our
customers.”
Radware’s network and application security solutions are built
on AI-powered algorithms to protect legitimate user experiences
while minimizing false positives and the need for human
intervention. The company has received numerous awards for its
security solutions. Industry analysts such as Aite-Novarica Group,
Forrester Research, Gartner, GigaOm, KuppingerCole, and Quadrant
Knowledge Solutions continue to recognize Radware as a market
leader in cyber security.
About RadwareRadware® (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.
Radware encourages you to join our community and follow us on:
Facebook, LinkedIn, Radware Blog, X, YouTube, and Radware
Mobile for iOS and Android.
©2024 Radware Ltd. All rights reserved. Any Radware products and
solutions mentioned in this press release are protected by
trademarks, patents, and pending patent applications of Radware in
the U.S. and other countries. For more details, please
see: https://www.radware.com/LegalNotice/. All other
trademarks and names are property of their respective owners.
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 the new business model enables service providers to enjoy new
revenue streams and grow their businesses, 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; the effects of the current attacks by the terrorist
groups Hamas and Hezbollah, and the war between Israel and Hamas
and Israel and Hezbollah; natural disasters and public health
crises, such as the coronavirus disease 2019 (COVID-19) pandemic; a
shortage of components or manufacturing capacity could cause a
delay in our ability to fulfill orders or increase our
manufacturing costs; our business may be affected by sanctions,
export controls, and similar measures, targeting Russia and other
countries and territories, as well as other responses to Russia’s
military conflict in Ukraine, including indefinite suspension of
operations in Russia and dealings with Russian entities by many
multi-national businesses across a variety of industries; 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.
Media Contact:Gerri
DyrekRadwareGerri.Dyrek@radware.com
RADWARE (NASDAQ:RDWR)
Historical Stock Chart
From Mar 2024 to Apr 2024
RADWARE (NASDAQ:RDWR)
Historical Stock Chart
From Apr 2023 to Apr 2024