Radware Expands Relationship with a Leading Multinational E-Commerce Company in Million Dollar Deal

Rhea-AI Summary

Radware (NASDAQ: RDWR) has expanded its partnership with a major e-commerce company in a million-dollar deal to enhance its cyber security measures. The e-commerce provider has adopted Radware's Bot Manager and Managed Services to combat sophisticated bot attacks while ensuring seamless online transactions. This strategic move comes after their previous solution faltered under increased attacks. Radware's technology has received praise for effectively managing these threats without disrupting user experience, positioning the company as a leader in the industry.

Positive

• New million-dollar deal with a leading e-commerce company enhances revenue opportunities.
• Radware's Bot Manager successfully mitigates complex bot attacks, ensuring uninterrupted online purchases.
• Recognition as a technology leader in Quadrant Knowledge Solutions’ report reflects strong market position.

Negative

• None.

Mitigates spikes in complex bot attacks without interrupting online purchases

MAHWAH, N.J., May 26, 2022 (GLOBE NEWSWIRE) -- Radware^® (NASDAQ: RDWR), a leading provider of cyber security and application delivery solutions, today announced it has expanded its relationship with a leading, multinational e-commerce company in a million dollar deal. The company purchased the Radware Bot Manager and Managed Services to further protect its global e-commerce network and website traffic from cyber attack. The industry leader also uses Radware’s DefensePro^® and Cloud DDoS Protection Service to safeguard its online infrastructure.

The e-commerce company turned to Radware when the bot manager solution from another provider was unable to handle spikes in fourth generation distributed bots and could not scale to meet the needs of a large global network. The e-commerce provider’s global network, website traffic, and bot attacks were extremely complex and evolving over time.

“Various parts of this e-commerce company’s online transaction process were being attacked by different methods and outcomes, and exporting different data sets,” said Gabi Malka, Radware’s chief operating officer. “The Radware Bot Manager was able to successfully mitigate the attacks while managing false positives so that shoppers making online purchases were not blocked or challenged. We won this deal because our customer was impressed with the consistent performance of our solution, mitigation capabilities, and partnership.”

The Radware Bot Manager provides comprehensive protection of web applications, mobile apps, and APIs from automated threats like bots. It offers precise bot management across all channels by combining behavioral modeling for granular intent analysis, collective bot intelligence, and fingerprinting of browsers, devices, and machines. To help organizations safeguard and grow their online operations, Bot Manager protects against account takeover, API abuse, scalping, skewed analytics, form spam, web scraping, and carding and digital ad fraud.

Radware’s Managed Services include the support of the company’s Bot Defense Lab, a team of experienced data analysts. This team is tasked with real-time threat monitoring, as well as the analysis, investigation, and response to malicious threats.

Radware was recently named the technology leader in Quadrant Knowledge Solutions’ 2021 report titled SPARK Matrix: Bot Management. This marks the second year in a row that Quadrant Knowledge Solutions ranked Radware the technology leader in its Bot Management category.

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.

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 Radware’s Bot Manager helps organizations safeguard and grow their online operations, 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 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 is Radware's recent partnership about?

Radware has expanded its partnership with a major e-commerce company to provide enhanced cyber security solutions, including Bot Manager and Managed Services.

How much is Radware's new deal worth?

The deal with the e-commerce company is worth millions of dollars.

What technology does Radware's Bot Manager protect against?

Radware's Bot Manager protects against automated threats such as account takeover, API abuse, web scraping, and digital ad fraud.

Why did the e-commerce company choose Radware's Bot Manager?

The e-commerce provider chose Radware's solution because their previous provider could not handle the complexities and spikes of fourth generation distributed bot attacks.