Radware Announces New Appointment to Its Board of Directors

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TEL AVIV, Israel, March 17, 2014 (GLOBE NEWSWIRE) -- Radware (Nasdaq:RDWR), a global leader of application delivery and application security solutions for virtual and cloud data centers, today announced that Mr. Joel Maryles has been appointed to serve as an independent director on Radware's Board of Directors. This appointee will serve as a member of the Board until the company's next annual meeting of shareholders.

"We are very excited to have Joel join our Board of Directors," said Yehuda Zisapel, Chairman of the Radware Board of Directors. "We look forward to the valuable perspective he will provide for Radware's strategy as we remain focused on delivering value to our customers, employees and shareholders."

"I'm honored to join the Board of Directors of Radware and look forward to contributing my insight and guidance related to the company's business," said Mr. Maryles.

Joel Maryles, 54, has held numerous senior positions on Wall Street over the past three decades. From 2007 to 2012 he was founder and portfolio manager of T-Cubed Investments LP, an equity hedge fund. From 1996 to 2006 he was a Managing Director at Citigroup Investment Banking where, in addition to his role as a senior technology banker, he founded and managed the Israel Investment Banking operation for Citigroup/Salomon Smith Barney. From 1986 to 1996 Mr. Maryles held various senior positions at Furman Selz, a Wall Street investment bank, including Managing Director focused on Israeli technology and healthcare transactions. Prior to Furman Selz, Mr. Maryles was an Investment Officer at First Chicago Investment Advisors. Mr. Maryles holds a Bachelor of Science degree in Engineering from the University of Illinois and a Master of Business Administration from the University of Chicago.

About Radware

Radware (Nasdaq:RDWR), is a global leader of application delivery and application security solutions for virtual and cloud data centers. Its award-winning solutions portfolio delivers full resilience for business-critical applications, maximum IT efficiency, and complete business agility. 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.

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CONTACT: Chief Financial Officer Meir Moshe +972-3766-8610 Corporate Media Relations Brian Gallagher +1 201-785-3206 briang@radware.com

Source:Radware Ltd.