Radware to Acquire ShieldSquare for Expansion of Its Cloud Security Portfolio
January 07 2019 - 6:00AM
Radware® (NASDAQ: RDWR), a leading provider of cyber security and
application delivery solutions, today announced that it has entered
into a definitive agreement to acquire ShieldSquare®, a
market-leading bot management solutions provider. The transaction
is expected to close during the first quarter of 2019, subject to
customary closing and regulatory conditions.
ShieldSquare, founded in 2014, is one of the pioneers in the bot
mitigation industry. It is one of three recognized solution leaders
by Forrester with strong differentiation on the Attack Detection,
Threat Research, Reporting, and Analysis categories.
“This acquisition allows us to expand our portfolio with robust
bot management solutions that strongly fit our strategic goal to
continue and deepen our integrated portfolio, organically and
inorganically. Bot management can stand alone as product offerings
as well as integrate into our suite of attack mitigation
solutions,” said Roy Zisapel, Radware CEO. “We chose ShieldSquare
because of their strong technology synergy, advanced machine
learning capabilities, and the opportunity to expand Radware’s
existing cloud security services. These Bot-Management services
along with Radware’s Cloud WAF services offer comprehensive
protection of applications. We are excited to welcome the
ShieldSquare team into the Radware family.”
Radware will offer ShieldSquare’s leading bot management and
mitigation product under the new Radware Bot Manager product line.
This new addition to Radware's product portfolio will integrate
with Radware's leading attack mitigation solution and together,
offer some of the industry’s most advanced protection from emerging
and automated attacks.
“More than 50% of the Internet traffic today comes from bots,
and while we’ve seen an increase in bot-based attacks in recent
years, ‘good’ bots still play an important role in applications’
operations,” said David Aviv, Radware Chief Technology Officer. “As
such, organizations need to look for bot management solutions that
not only effectively detect and mitigate bot attacks, but also can
accurately distinguish between ‘good’ and ‘bad’ bots in
real-time.”
The new solutions enhance Radware’s existing industry-leading
cloud security protection to cover more crafted e-commerce attacks
affecting emerging problems such as, Data harvesting and Scraping
Attacks; Account creation and Account Takeover Attacks; Denial of
Inventory, Application DDoS & Brute Force Attacks, Brand Image
/ Reputation Attacks.
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 more than 12,500 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
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©2019 Radware Ltd. All rights reserved. The 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.
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. 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. For example, Radware’s ability to
complete its pending acquisition of ShieldSquare and, if completed,
to obtain the anticipated benefits therefrom, Radware’s ability to
compete successfully in the highly competitive bot management
market, Radware’s ability to win new contracts, to renew
existing contracts and Radware’s ability to successfully integrate
its acquisitions and execute on its growth strategy. 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.
Media Contacts:Deborah
SzajngartenRadware201-785-3206deborah.szajngarten@radware.com
Investor Relations:Anat
Earon-Heilborn+972 723917548ir@radware.com
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