Radware Advances its Cloud Application and Network Security Services

Rhea-AI Summary

Radware (NASDAQ: RDWR) introduces Load Balancer as a Service and enhances Cloud Network Analytics to optimize application management and network security. The new services aim to improve response times, reduce latency, and offer superior user experience.

Insights

Cybersecurity Analyst

Introducing a Load Balancer as a Service (LBaaS) can be a significant enhancement for Radware, potentially leading to an uptick in customer acquisition and retention. LBaaS is becoming an essential component in cloud computing, offering scalability and high availability for applications. By providing automatic server health checks and traffic management, Radware aims to reduce application downtime, which is a critical factor for enterprises relying on continuous service availability.

Furthermore, the integration of LBaaS with Radware's existing Cloud Application Protection Service suggests a strategic move to offer a more comprehensive security suite. This could be an attractive proposition for companies seeking to consolidate their cybersecurity solutions, potentially leading to increased market share for Radware in the cybersecurity space.

Network Technology Analyst

The enhancement of Cloud Network Analytics Service by Radware addresses a growing demand for network visibility and threat detection. In an era where distributed denial of service (DDoS) attacks are becoming more sophisticated, the ability for early detection and detailed network traffic analysis is invaluable. This service could lead to operational efficiencies for clients and reduce the risk of network disruptions caused by DDoS attacks.

By providing analytics across traffic, services, sources and client-server interactions, Radware is positioning itself as a provider of granular network insights. This level of detail is important for network planning and deployment, potentially leading to cost savings for clients through more efficient network utilization and preemptive threat mitigation.

Financial Analyst

From a financial perspective, the launch of new services by Radware could result in an increase in revenue streams, particularly if these services are adopted by large enterprises and data centers. The ability to offer improved service level agreements (SLAs) and scalability might justify premium pricing for Radware's services, enhancing their profit margins.

Investors should monitor the adoption rate of these new services and the impact on Radware's financials in subsequent quarters. A positive market response could lead to upward revisions in revenue forecasts and potentially influence the company's stock performance.

Introduces load balancing as a service and enhances its cloud network analytics

MAHWAH, N.J., March 20, 2024 (GLOBE NEWSWIRE) -- Radware® (NASDAQ: RDWR), a leading provider of cyber security and application delivery solutions, today announced it expanded its cloud application and network security services to include a new Radware Load Balancer as a Service and enhanced Cloud Network Analytics Service. The services are designed to help organizations optimize application management and performance as well as maximize network monitoring and visibility, even during peacetime.

“Organizations are on the hook to deliver quick response times, 24x7 availability, and security of mission-critical applications. Radware helps meet these challenges,” said Gabi Malka, Radware’s chief operating officer. “With our Load Balancer as a Service, network and security teams can better manage resources, solve traffic management issues, and maintain availability across virtual, cloud, and software-defined data centers. The end result is improved response times, reduced latency, and optimal service levels for applications.”

The new Radware Load Balancer as a Service enables administrators to create a seamless management experience and gain more control over load balancing requirements by consolidating configurations into one central place. The solution, which is integrated into Radware’s Cloud Application Protection Service, is designed to:

• Provide continuous and automatic origin server status health checks, active-active load balancing, user load balancing between origin sites, and URL-based server load balancing for optimized resource access and server performance.
• Deliver a seamless and personalized user experience by enabling users to reach the same server or source for a website or application throughout their session.
• Maintain high application availability and complement Radware’s Cloud Application Protection services to offer improved service level agreements and scalability.
  

“To deliver a higher degree of performance and availability as well as superior user experience, organizations are also reliant on a higher degree of visibility,” added Malka. “Comprehensive insight into network activity is critical not only before, during, and after an attack, but also during peacetime, which is what Radware’s enhanced Cloud Network Analytics Service offers.”

Radware’s Cloud Network Analytics Service helps administrators eliminate errors when planning network deployments and stay ahead of DDoS threats through the early detection of network abuse during peacetime. The enhanced solution, which is part of the company’s Cloud DDoS Protection Service, provides analytics and visibility across four key areas:

• Network traffic: Quantifies the exact amount of traffic moving across a network to enable more effective network planning and deployment.
• Services in use: Monitors services in use, such as HTTPS, DNS, internet browsing, VoIP, and file downloading, to gauge if they are being used for the right purposes.
• Top sources: Identifies and maps top attack sources as well as top source IPs in peacetime.
• Client-server traffic: Monitors and quantifies the amount of traffic flowing between clients and servers to prevent users from abusing resources and credentials.
  

Radware has received numerous awards for its security solutions. Industry analysts such as Aite-Novarica Group, Forrester Research, Gartner, GigaOm, KuppingerCole, and Quadrant Knowledge Solutions continue to recognize Radware as a market leader in cyber security.

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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©2024 Radware Ltd. All rights reserved. Any 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.

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.

The contents of any website or hyperlinks mentioned in this press release are for informational purposes and the contents thereof are not part of this press release.

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 the end result is improved response times, reduced latency, and optimal service levels for applications, 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; the effects of the current attacks by the terrorist groups Hamas and Hezbollah, and the war between Israel and Hamas and Israel and Hezbollah; 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
Gerri.Dyrek@radware.com

FAQ

What services did Radware announce to enhance its offerings?

Radware announced the new Radware Load Balancer as a Service and enhanced Cloud Network Analytics Service.

How can organizations benefit from Radware's Load Balancer as a Service?

Organizations can better manage resources, solve traffic management issues, and maintain availability across virtual, cloud, and software-defined data centers with Radware's Load Balancer as a Service.

What features does Radware's Load Balancer as a Service offer?

Radware's Load Balancer as a Service provides continuous and automatic origin server status health checks, active-active load balancing, user load balancing, and URL-based server load balancing.

What does Radware's Cloud Network Analytics Service help administrators with?

Radware's Cloud Network Analytics Service helps administrators eliminate errors when planning network deployments and stay ahead of DDoS threats through early detection of network abuse during peacetime.

What does Radware's Cloud Network Analytics Service provide visibility into?

Radware's Cloud Network Analytics Service provides visibility into network traffic, services in use, top sources of attacks, and client-server traffic.