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Radware Receives Multi Million Application Delivery Orders From a Leading European Bank

MAHWAH, N.J., Nov. 10, 2016 (GLOBE NEWSWIRE) -- Radware® (NASDAQ:RDWR), a leading provider of cyber security and application delivery solutions ensuring optimal service levels for applications in virtual, cloud, and software-defined data centers today announced that it signed multiple contracts totaling $7M to provide on-site application delivery solutions to a leading European bank.

The bank has launched a project to consolidate their network infrastructure and begin migration into a virtualized environment. Radware’s s Virtual Application Delivery Infrastructure (VADI) will allow them to migrate computing resources, application delivery controllers (ADC) and virtualization services into an integrated, agile and easily scalable virtualized infrastructure with a virtual load balancer.

They have selected Radware’s Alteon NG Application Delivery Controllers to manage their high volume traffic flow and scale their network with many new applications. The projects consist of approximately 100 ADC devices, based on Alteon 5208NG and Alteon 6420NG products to cover mid and high capacity application server farms.

“As a growing financial institute, the bank chose Radware because of our ability to serve the needs of a large organization and assist them in migrating into virtual infrastructure over the span of several years,” said Yoav Gazelle, Vice President of EMEA and CALA for Radware. “Radware’s consistent innovation in the application delivery space and its flexible deployment options were key winning factors as the bank sought to meet the challenges of the ever-changing application ecosystem and ever-increasing customer expectations. By selecting Radware, the bank receives best-in-class products and dedicated support for all of their application delivery with an optimal service level guarantee.”

Radware's application delivery and load balancing solutions allow organizations to simplify operations while allowing optimal application resilience and SLA. They feature a future-proof, application-aware approach to deploying and managing applications. They provide advanced and comprehensive application delivery capabilities to enable 24/7 availability, performance and security of mission-critical applications. Radware's load balancing solutions, Alteon NG improve application delivery and availability with health monitoring, traffic redirection, global server load balancing, link high-availability and full redundancy that enables service continuity.

About Radware

Radware® (NASDAQ:RDWR), is a global leader of application delivery and cyber 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 guarantee such deals 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.

Media Contacts: Deborah Szajngarten Radware 201-785-3206 deborah.szajngarten@radware.com Investor Relations: Anat Earon-Heilborn +972 723917548 ir@radware.com

Source:Radware Ltd.