Radware Delivers State-of-the-Art DDoS Protection for a Leading SaaS Provider of Global Communication Services

Rhea-AI Summary

Radware (NASDAQ: RDWR) announced a multimillion-dollar deal to provide DDoS protection for a major SaaS communication provider. This solution enhances security against phantom flood attacks in a high-bandwidth hybrid environment. The company chose Radware's DefensePro after a proof-of-concept showing its advanced mitigation capabilities. With micro floods increasing 79% from 2020 to 2021, this deal underscores the growing need for sophisticated cybersecurity solutions.

Positive

• Secured a multimillion-dollar deal for DDoS protection, signifying strong market demand.
• Demonstrated advanced mitigation capabilities in proof-of-concept, enhancing credibility.
• Recognized as a leader in DDoS protection solutions, reinforcing brand strength and market position.

Negative

• None.

Multimillion-dollar deal includes protection of high-bandwidth network against phantom flood attacks

MAHWAH, N.J., Dec. 14, 2022 (GLOBE NEWSWIRE) -- Radware^® (NASDAQ: RDWR), a leading provider of cyber security and application delivery solutions, today announced it is delivering state-of-the-art DDoS protection for a leading SaaS provider of global cloud-based communications services. To increase protection around its hybrid computing environment and ensure optimal delivery of its services and application traffic, the industry leader purchased Radware’s DefensePro^® DDoS Protection solution as part of a multimillion-dollar deal.

The SaaS company was looking for a DDoS solution that could provide dynamic and granular protection from hidden micro floods across a large-scale, high-bandwidth network with enormous user and traffic requirements. In addition, the company was searching for a low-latency solution with flexible deployment options to address the requirements of its hybrid architecture.

According to Radware’s recent Global Threat Analysis Report, the number of micro floods increased by 79% between 2020 and 2021. Micro floods, or low throughput attack vectors, have throughputs between 10Mbps to 1Gbps and are typically much harder to detect using traditional algorithms based on thresholds.

“Malicious actors are constantly seeking new ways to disrupt the flow of network traffic, undermine the user experience, jeopardize revenue, and damage brands,” said Yoav Gazelle, Radware’s chief business officer. “We won the business of this global communications leader following an in-depth proof-of-concept process, where we demonstrated state-of-the-art mitigation capabilities. We structured a fully redundant and scalable architecture that will enable the organization to grow significantly over time while protecting its security investment.”

Radware was recognized as a global leader in Forrester’s report, The Forrester Wave™: DDoS Mitigation Solutions, Q1 2021. The company was also named the market leader for the second consecutive year in Quadrant Knowlege Solutions’ 2022 SPARK Matrix for DDOS Mitigation.

Radware’s DefensePro patented, behavior-based detection technology provides automated DDoS protection from fast-moving, high-volume, encrypted or very short duration threats. It defends against Burst, DNS, and TLS/SSL attacks as well as ransom DDoS campaigns, Internet-of-Things botnets, phantom floods, and other types of cyber threats. To match a broad range of customer needs, DefensePro supports multiple deployment options, including cloud-based, hardware-based, and hybrid solutions.

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 architecture will enable the organization to grow significantly over time while protecting its security investment, 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
Gerri.Dyrek@radware.com

FAQ

What significant deal did Radware announce on December 14, 2022?

Radware announced a multimillion-dollar deal to provide DDoS protection for a leading SaaS provider of global cloud-based communications services.

How does Radware's DefensePro solution help in cybersecurity?

Radware's DefensePro offers dynamic DDoS protection against hidden micro floods, ensuring optimal service delivery in high-bandwidth environments.

What does the recent increase in micro flood attacks indicate?

The number of micro flood attacks increased by 79% between 2020 and 2021, highlighting the need for advanced DDoS protection.

What recognition has Radware received in the cybersecurity sector?

Radware was recognized as a global leader in Forrester's DDoS Mitigation Solutions report and named the market leader in Quadrant Knowledge Solutions’ 2022 SPARK Matrix for DDoS Mitigation.