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Radware Signs Deal to Deliver End-to-End Application and Network Security for a Multinational Pharmaceutical Company

Defends against DDoS attacks and OWASP Top-10 threats and optimizes application performance

MAHWAH, N.J., Dec. 20, 2022 (GLOBE NEWSWIRE) -- Radware® (NASDAQ: RDWR), a leading provider of cyber security and application delivery solutions, today announced that it signed a deal with a large multinational pharmaceutical company. To increase the cyber defenses around its global hybrid environment, the customer purchased Radware’s end-to-end network and application security as well as application delivery solutions.

Today, the pharmaceutical company delivers medicine across more than 100 countries. The customer selected Radware for its ability to deploy a complete suite of cyber security services, using a single management dashboard. The stack of services includes Radware’s Cloud Web Application Firewall (WAF) Service, Cloud DDoS Protection Service, DefensePro® DDoS Protection, and Alteon® application delivery and security solution.

“Companies continue to be called on to ramp up security defenses in the face of rising cyberattacks and at the same time lower costs and eliminate platform complexities with fewer technical resources. It’s the reality of today’s macro-economic environment and threat landscape,” said Yoav Gazelle, Radware’s chief business officer. “Radware’s end-to-end application and network security solution addresses this challenge head on. Our one-stop shop simplifies integration, automates comprehensive protection against the most damaging cyberattacks, and optimizes ROI.”

For network security, Radware’s Cloud DDoS Protection Service and DefensePro DDoS Protection speed time to detection and protection from today's dynamic DDoS threats. The solutions automatically defend against Burst, DNS, and TLS/SSL attacks as well as ransom DDoS campaigns, IoT botnets, phantom floods, and other types of cyber threats.

To secure web applications, Radware’s Cloud WAF Service provides full coverage of OWASP Top-10 threats and automatically adapts to evolving threats and protected assets. Radware’s Alteon manages application traffic across cloud and data center locations, optimizing availability and performance.

Radware’s network and application security solutions continue to earn industry recognition. Radware was named the market leader in Quadrant Knowledge Solutions’ 2022 SPARK Matrix for DDoS Mitigation for the second consecutive year and a global leader in The Forrester Wave™: DDoS Mitigation Solutions, Q1 2021.

In addition, Radware was recognized as a technology leader in KuppingerCole’s 2022 Leadership Compass Report for WAFs and Quadrant Knowledge Solutions’ 2021 SPARK Matrix for the global WAF market.

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 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.

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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.

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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 our one-stop shop simplifies integration, automates comprehensive protection against the most damaging cyberattacks, and optimizes ROI, 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; 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 Dyrek
Radware
[email protected]

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