Radware Named a Leader and Outperformer in the GigaOm Radar for Application and API Protection

Rhea-AI Summary

Radware (NASDAQ: RDWR) has been recognized as a Leader and Outperformer in GigaOm’s Application and API Protection Radar report. The company received top scores in criteria such as rules bundles, AI enhancement, API discovery, data leak protection, and bot management. Notably, Radware's protection against OWASP Top 10 threats was highlighted as superior. The report emphasizes Radware's innovative solutions like Radware SecurePath™ and its ability to provide comprehensive security management across applications.

Positive

• Named a Leader and Outperformer in GigaOm’s Application and API Protection Radar report.
• Received highest scores in key categories, including AI enhancement and API discovery.
• Recognized for superior OWASP Top 10 threat protection.
• Introduced Radware SecurePath™ for enhanced application security.

Negative

• None.

MAHWAH, N.J., April 29, 2022 (GLOBE NEWSWIRE) -- Radware^® (NASDAQ: RDWR), a leading provider of cyber security and application delivery solutions, today announced it has been named a Leader and Outperformer in the Innovation hemisphere of GigaOm’s Application and API Protection Radar report. GigaOm awarded Radware the highest possible scores in Key Criteria categories, such as rules bundles, AI enhancement, API discovery, data leak protection, and bot management. Radware also earned the highest possible marks in the Evaluation Metrics categories for flexibility, scalability, and breadth of coverage. Download a complimentary copy of the report here.

“To be positioned as a leader is a testament to the strength of our technology. It’s also a reflection of our ability to innovate in key areas, such as automated API discovery, bot management, and behavioral-based machine learning algorithms,” said Sharon Trachtman, Radware’s chief marketing officer.

The GigaOm Radar report offers a forward-looking analysis that plots the relative value and progress of vendor solutions along multiple axes based on strategy and execution. The report evaluated ten solution providers, including Radware, based on a range of criteria, including market segment, protection coverage, differentiating and critical factors, and product evaluation metrics.

In GigaOm’s Application and API Protection Radar report, Don MacVittie, GigaOm research analyst, writes about Radware’s solution:

• OWASP Top 10 threat protection: “This solution’s protection versus common standards, such as the OWASP Top Ten, OWASP API Top Ten, and OWASP Automated Threats to Web Applications, surpasses any other vendor in this review.”
• BOT management: Radware provides “bot management in a multi-layered system that protects systems from several directions.” Radware uses manually-defined rules as well as self-learning, behavioral-based machine-learning algorithms, augmented by threat intelligence feeds. The report concludes that “Radware is ahead of the general market in this space.”
  
• API discovery: “Radware creates OpenAPI definitions for discovered (“shadow”) APIs. This allows for support of all APIs, imported and discovered. It is not strictly alone in taking this step, but this feature is the definition of ‘best of breed’ for API discovery at this time.”
  

Recently, Radware introduced its new Radware SecurePath™ cloud-based application security architecture as part of its Application Protection-as-a-Service solution. Uniquely built to be deployed inline or as an API-based, out-of-path service, Radware SecurePath addresses the need for security that delivers full application visibility and centralized security management regardless of where applications are deployed.

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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©2022 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.

THIS PRESS RELEASE AND THE GIGAOM’S APPLICATION AND API PROTECTION RADAR REPORT ARE PROVIDED FOR INFORMATIONAL PURPOSES ONLY. THESE MATERIALS ARE NOT INTENDED TO BE AN INDICATOR OF RADWARE'S BUSINESS PERFORMANCE OR OPERATING RESULTS FOR ANY PRIOR, CURRENT, OR FUTURE PERIOD.

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 being positioned as a leader is a testament to the strength of our technology and it’s also a reflection of our ability to innovate in key areas, 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 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 Contacts:
Gerri Dyrek
Radware
Gerri.Dyrek@radware.com

FAQ

What recognition did Radware receive in April 2022?

In April 2022, Radware was named a Leader and Outperformer in GigaOm's Application and API Protection Radar report.

How did Radware perform in the GigaOm report's evaluation criteria?

Radware received top scores in categories like AI enhancement, data leak protection, and bot management.

What is Radware SecurePath and when was it introduced?

Radware SecurePath is a cloud-based application security architecture introduced recently, aimed at providing full application visibility and centralized security management.

What are Radware's achievements regarding OWASP threats?

Radware's solution was noted for surpassing competitors in protection against common OWASP Top 10 threats.

Which metrics did Radware excel in according to GigaOm's report?

Radware excelled in flexibility, scalability, and breadth of coverage according to GigaOm's evaluation metrics.