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Radware Signs $1.5M Contract With Cloud Hosting Provider for Cyber Attack Mitigation

MAHWAH, N.J., Oct. 23, 2015 (GLOBE NEWSWIRE) -- Radware® (NASDAQ:RDWR), a leading provider of cyber security and application delivery solutions ensuring optimal service level for applications in virtual, cloud and software defined data centers, announced that a leading global cloud hosting company that focuses on business continuity and disaster recovery, awarded Radware a $1.5M contract for a comprehensive cyber-attack mitigation solution.

The Radware Attack Mitigation Solution will enable this customer to vigilantly monitor their networks leveraging advanced behavioral analysis of all incoming traffic to detect attacks without impacting legitimate traffic. Radware solutions offers the highest levels of attack mitigation in the industry, including 300Gbps of bandwidth, 230 million packet-per-second inspection, and full attack vector coverage in a single device. The Radware Attack Mitigation Solution can also deliver over 1 Tbps of cloud-based protection, covering the full array of volumetric DDoS attacks, Low & Slow attacks, attacks behind CDNs, and SSL-based flood attacks.

Cyber-attacks continue to grow in volume, duration and sophistication, from Distributed Denial of Service (DDoS) attacks designed to shut down a network to sophisticated application layer attacks meant purely to access and steal data. This cloud hosting provider evaluated every option, and chose Radware as their comprehensive Attack Mitigation Solution to protect their global network. In addition to Radware’s unique attack detection and mitigation capabilities, a key factor in this service provider’s decision was Radware’s ability to leverage its DefenseFlow offering to scale the solution as their network and application infrastructure grows. DefenseFlow is a network-wide detection and cyber control application designed to support both Netflow and SDN/Openflow networks by providing new and comprehensive ways of detecting, investigating and mitigating network-wide, multi-vector attacks.

“Radware believes in the principle of detecting attacks where ever you can and mitigating them where you should,” said David Anderson, Corporate Vice President North America for Radware. “Our Attack Mitigation Solution can distribute detection across existing and future networks and intelligently direct the right resources for mitigation based on the nature of the attack.”

About Radware

Radware (NASDAQ:RDWR), is a global leader of application delivery and application 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.

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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 assure such additional customer wins in the future. 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.

Corporate Media Relations: Deborah Szajngarten (201) 785-3206 deborah.szajngarten@radware.com

Source:Radware Ltd.