STOCK TITAN

Radware Expands Cloud Application Security for Minnesota IT Services

Rhea-AI Impact
(Low)
Rhea-AI Sentiment
(Neutral)
Tags
Rhea-AI Summary

Radware (NASDAQ: RDWR) has expanded its cybersecurity solutions for Minnesota IT Services (MNIT) to enhance protection for over 5.7 million residents. This upgrade includes the implementation of Radware's Cloud DDoS Protection, Cloud Web Application Firewall, and Bot Management services, aimed at reinforcing the state's cyber defenses against increasingly sophisticated threats. MNIT supports more than 2800 applications that ensure public safety and well-being. Radware's solutions contribute to effective digital transformation and business continuity in Minnesota.

Positive
  • Expansion of Radware's cybersecurity services enhances protection for 5.7 million Minnesotans.
  • MNIT sought scalable cloud solutions, indicating a strong demand for Radware's offerings.
  • Radware's products offer advanced tools to mitigate various cybersecurity threats.
Negative
  • None.

Helps the state of Minnesota secure technology systems that serve 5.7 million Minnesotans

MAHWAH, N.J., Nov. 16, 2021 (GLOBE NEWSWIRE) -- Radware® (NASDAQ: RDWR), a leading provider of cyber security and application delivery solutions, today announced that Minnesota IT Services (MNIT) expanded its Radware security defenses to add Radware’s Cloud DDoS Protection, Cloud Web Application Firewall (WAF), and Bot Management services.

MNIT, which partners to deliver secure, reliable technology solutions to improve the lives of all Minnesotans, was looking for a scalable cloud solution to further fortify its cyber defenses. Today, the state of Minnesota supports more than 2800 applications that promote Minnesotan’s health, safety, natural resources, education, and well-being.

“Minnesota IT Services manages the information technology security practices for the state of Minnesota to protect the information systems and data entrusted to us by 5.7 million Minnesotans,” said Rohit Tandon, MNIT assistant commissioner and chief information security officer. “Although MNIT’s cybersecurity strategy has been refined over the years, no organization is immune from information security attacks. Radware’s security products are additional tools in the toolbox to help us mitigate advanced attacks, which continue to grow in sophistication and frequency.”

“The state of Minnesota has been recognized for its digital transformation efforts,” said Bob Simpson, vice president of North American sales at Radware. “We look forward to offering MNIT even more visibility and control over their growing online operation as well as helping them safeguard their infrastructure, applications, and services.”

Radware’s portfolio, which spans its Cloud DDoS Protection, Cloud WAF, Bot Manager, and more, helps customers quickly adapt to market challenges, maintain business continuity, and achieve maximum productivity while keeping costs down. Recently, Radware was ranked a global leader in Forrester’s 2021 report, The Forrester Wave™: DDoS Mitigation Solutions, Q1 2021. The company was also recognized as a Customers’ Choice in the 2021 Gartner Peer Insights “Voice of the Customer:” Web Application Firewall Report.

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.

Radware encourages you to join our community and follow us on: Facebook, LinkedIn, Radware Blog, Twitter, YouTube, and Radware Mobile for iOS and Android.

©2021 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 we look forward to offering MNIT even more visibility and control over their growing online operation as well as helping them safeguard their infrastructure, applications, and services, 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 Contacts:
Gerri Dyrek
Radware
Gerri.Dyrek@radware.com

 


FAQ

What cybersecurity services did Radware provide to Minnesota IT Services?

Radware provided Cloud DDoS Protection, Cloud Web Application Firewall, and Bot Management services to Minnesota IT Services.

How many residents does Radware help secure through Minnesota IT Services?

Radware helps secure technology systems that serve over 5.7 million residents in Minnesota.

What is the significance of Radware's technology for the state of Minnesota?

Radware's technology enhances cybersecurity defenses for more than 2800 applications serving the public's health, safety, and well-being.

What is the stock symbol for Radware?

The stock symbol for Radware is RDWR.

When was the cybersecurity enhancement announced?

The cybersecurity enhancement was announced on November 16, 2021.

Radware Ltd.

NASDAQ:RDWR

RDWR Rankings

RDWR Latest News

RDWR Stock Data

936.28M
35.82M
14.7%
76.24%
0.95%
Software - Infrastructure
Technology
Link
United States of America
Tel Aviv