Radware and Azion Partner in Brazil to Provide Edge Computing Customers with BOT Management Protection Service

Rhea-AI Summary

Radware (NASDAQ: RDWR) has entered into a partnership with Azion, a leading edge computing firm in Brazil, aimed at enhancing cybersecurity for clients in retail, finance, media, and education sectors. This collaboration will make Radware's Bot Manager, which effectively blocks sophisticated bot attacks, available to Azion customers, alongside offering a 30-day free trial. The partnership is part of a strategy to address the escalating threats from malicious bots, with Radware’s solutions promising substantial improvements in traffic security and operational efficiency.

Positive

• Partnership with Azion expands Radware's global market reach.
• Azion's platform serves over 40,000 e-commerce sites, enhancing outreach.
• Introduction of Radware’s Bot Manager could strengthen cybersecurity measures.
• Free trial access may attract new customers to Radware's solutions.

Negative

• None.

Offers expanded services to Azion’s customers in retail, financial services, media, and education

SAO PAULO, Brazil, Sept. 02, 2021 (GLOBE NEWSWIRE) -- Radware® (NASDAQ: RDWR), a leading provider of cybersecurity and application delivery solutions, has partnered with Azion, a global leader in edge computing in Brazil. The partnership will strengthen Radware’s global presence as well as offers Azion customers Radware’s Bot Manager solution. Radware’s Bot Manager detects and blocks the most aggressive and sophisticated bot attacks.

As part of this partnership, Azion will offer exclusive access to a 30-day free trial for Radware’s Bot Manager solution. Azion's edge computing platform serves some of the largest global organizations in retail, financial services, media, and education, and supports more than 40,000 e-commerce sites, 20 million students, and 10 billion monthly financial services orders.

“We know how critical the security issues are for our customers, especially in the e-commerce market. The identification and mitigation of malicious traffic is crucial for business success,” said Raphael Umann, founder and CEO of Azion. “This partnership in Brazil will allow us to deliver the very best in next-generation bot mitigation solutions through the Azion Edge platform, which simplifies how companies and service providers build and run applications on the edge. Using the platform, developers can quickly and easily access third-party applications and functionality.”

According to Radware’s 2020 report, The Big Bad Bot Problem, nearly 25% of total internet traffic is generated by malicious bots. While good bots help speed up business processes such as data collection and decision making, bad bots target websites, mobile applications and APIs to steal data and disrupt service. Unfortunately, 79% of organizations cannot distinguish between good and bad bots. Radware's Bot Manager helps companies detect, classify and correct malicious bot activity. Now, Azion customers will have access to this technology to reduce the technical challenges involved in safeguarding their businesses.

“We see a substantial increase in cyberthreats today and it is only escalating as the pace of digital transformation accelerates,” said Arthur Marchese, Radware's country manager in Brazil. “Bad bots are becoming more sophisticated in their capabilities, mimicking human behavior, and circumventing conventional security protections. We are excited to be working with Azion to help their customers prevent malicious bot attacks across their websites, mobile applications, and APIs.”

Radware Bot Manager's service offers comprehensive protection of web and mobile applications and APIs from emerging generations of automated threats like bots. This solution enables accurate management of bots by combining behavioral modeling for granular intent analysis, collective bot intelligence, and device fingerprinting. The Radware Bot Manager protects against account take over, denial of inventory, DDoS, ad and payment fraud, web scraping, and other OWASP automated threats, and also helps organizations reduce expenses and increase revenue.

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 www.radware.com.

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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 the partnership will strengthen Radware’s global presence, 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; 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
Gerri.Dyrek@radware.com

FAQ

What is the significance of Radware's partnership with Azion for RDWR shareholders?

The partnership is expected to enhance Radware's global presence and market reach, benefiting shareholders by potentially increasing revenue streams.

How does Radware's Bot Manager improve security for Azion's customers?

Radware's Bot Manager detects and blocks sophisticated bot attacks, reducing malicious traffic and improving overall cybersecurity for Azion's customer base.

What are the potential financial impacts of the partnership between Radware and Azion?

This partnership could lead to increased sales and customer acquisition for Radware, positively impacting its financial performance.

What kind of services will be offered to Azion's customers as part of this partnership?

Azion customers will gain access to Radware’s Bot Manager solution, including a 30-day free trial, aimed at enhancing cybersecurity.

Why is addressing bot traffic important for businesses?

Malicious bots can disrupt services and steal data, making their management crucial for maintaining business integrity and success.