STOCK TITAN

Radware Powers Lightpath’s New AI-Driven DDoS Protection Service

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

Radware (NASDAQ: RDWR) has announced a new managed security service provider (MSSP) agreement with Lightpath, a connectivity provider. This partnership allows Lightpath to utilize Radware's AI-powered DefensePro® DDoS Protection to offer a comprehensive DDoS scrubbing service. The service aims to combat complex cyber threats, ensuring secure and uninterrupted network performance.

The DefensePro® solution uses advanced behavioral algorithms to distinguish between harmful and legitimate traffic, thus maintaining network integrity. This collaboration comes amid increasing cybersecurity demands and aims to enhance customer experiences with reliable and future-ready connectivity solutions.

Radware's security solutions, recognized by several industry analysts, leverage AI to minimize false positives and reduce the need for human intervention, ensuring optimal network security and performance.

Positive
  • Radware's partnership with Lightpath enhances its market reach through a new MSSP agreement.
  • Radware's AI-powered DefensePro® DDoS Protection ensures advanced DDoS mitigation, reducing attack impact.
  • The solution's ability to adapt defenses in real-time enhances network security dynamically.
  • Radware's security solutions are recognized by top industry analysts, reinforcing its market leadership.
  • The agreement aims to provide customers with high-speed, low-latency DDoS defenses, improving user experiences.
Negative
  • The growing cybersecurity demands may increase operational complexities and costs for Radware and Lightpath.
  • Dependence on AI algorithms may pose risks if the technology fails to adapt to new, sophisticated threats.
  • Potential overreliance on automated systems could lead to gaps in human oversight and intervention when needed.

Insights

The collaboration between Radware and Lightpath introduces a new AI-driven DDoS protection service, leveraging Radware’s advanced DefensePro® technology. This partnership is noteworthy for its focus on reducing the complexity and impact of DDoS attacks, which are continuously evolving. By integrating AI algorithms, the service aims to provide real-time, automated threat mitigation, reducing the need for manual intervention and enhancing network reliability.

From a technological standpoint, Radware’s approach to using behavioral algorithms to distinguish between legitimate and malicious traffic is a significant leap forward. The promise of minimizing false positives while ensuring uninterrupted service during attacks is important for companies dependent on reliable connectivity. This could set a new standard for DDoS protection services, potentially influencing competitors to adopt similar AI-driven solutions.

However, it’s important for investors to consider the implementation risks and the ability of Lightpath’s infrastructure to support such advanced features effectively. The real-world performance and user feedback over the coming months will be telling indicators of the partnership’s success and its potential influence on Radware and Lightpath’s market positions.

Financially, this agreement marks a strategic expansion for Radware as it integrates its security solutions into Lightpath’s service offerings. With Radware's DefensePro® technology forming the backbone of Lightpath’s new service, this could drive increased revenue streams for Radware through licensing and managed services.

Given Radware’s established reputation and recognition from leading industry analysts like Gartner and Forrester Research, this partnership could solidify its market dominance and fortify its financial stability. For Lightpath, the introduction of a robust DDoS protection service could attract more customers looking for secure and reliable connectivity, potentially leading to a higher customer retention rate and new customer acquisitions.

Investors should monitor upcoming financial reports to gauge the initial revenue impact of this partnership and any related costs of integrating these new technologies. Long-term, this could position both companies favorably within their respective markets, provided the service delivers on its promises.

Enters into managed security service provider agreement

MAHWAH, N.J., May 14, 2024 (GLOBE NEWSWIRE) -- Radware® (NASDAQ: RDWR), a leading provider of cyber security and application delivery solutions, today announced it signed a managed security service provider (MSSP) agreement with Lightpath, an all-fiber, infrastructure-based connectivity provider. Based on the agreement, Lightpath is leveraging Radware’s AI-powered DefensePro® DDoS Protection to offer customers a DDoS scrubbing service designed to combat today’s increasingly complex threats.

“Radware takes a proactive approach to security. This applies not only to the patented algorithms they use to automatically detect and mitigate threats, but also to the way they’ve partnered with us in launching an innovative new network security service,” said Bill Cheslock, director of emerging products at Lightpath. “Together with Radware, we are committed to providing our customers with a DDoS scrubbing service that delivers secure, reliable, and future-ready connectivity.”

Radware’s DefensePro® DDoS Protection automatically identifies and surgically blocks harmful traffic without disrupting legitimate traffic. Using advanced behavioral algorithms, the solution is designed to instantly adapt DDoS defenses based on the specific attacker. It not only neutralizes DDoS attacks but also safeguards the network, optimizes application performance, and ensures uninterrupted availability during attacks.

“Infrastructure transformation, new technologies, and the race for better customer experiences are placing growing cybersecurity demands on service providers at a time when the world is becoming increasingly insecure,” said John Eisenbarger, vice president for U.S. carriers and service providers at Radware. “Our focus is on helping providers streamline the go-to-market process by extending an industry-leading portfolio of managed network and application security services to their customers. We look forward to joining forces with Lightpath as the demand for high speed, low latency DDoS defenses rises.”

Radware’s network and application security solutions are built on AI-powered algorithms to protect legitimate user experiences while minimizing false positives and the need for human intervention. The company has received numerous awards for its security solutions. Industry analysts such as Aite-Novarica Group, Forrester Research, Gartner, GigaOm, KuppingerCole, and Quadrant Knowledge Solutions continue to recognize Radware as a market leader in cyber security.

About Lightpath
Lightpath is revolutionizing how customers connect to their digital destinations by combining our next-generation network with our next-generation customer service. Lightpath’s advanced fiber-optic network offers a comprehensive portfolio of custom-engineered connectivity solutions with unparalleled performance, reliability, and security. Our consultative customer service means we work with you to design, deliver, and support the solution for your unique needs, faster and more easily than ever before. For over 30 years, thousands of enterprises, governments, and educators have trusted Lightpath to power their organization’s innovation. Altice USA (NYSE: ATUS) owns a 50.01% controlling interest in Lightpath and Morgan Stanley Infrastructure Partners (MSIP) owns 49.99% of the company. Learn how Lightpath can connect you to your digital destinations: lightpathfiber.com

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, X, YouTube, and Radware Mobile for iOS.

©2024 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 in this press release that our focus is on helping providers streamline the go-to-market process by extending an industry-leading portfolio of managed network and application security services to their customers, we are using forward-looking statements. 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, including as a result of the state of war declared in Israel in October 2023 and instability in the Middle East, the war in Ukraine, and the tensions between China and Taiwan; our dependence on independent distributors to sell our products; our ability to manage our anticipated growth effectively; 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; the ability of vendors to provide our hardware platforms and components for the manufacture of our products; our ability to attract, train, and retain highly qualified personnel; intense competition in the market for cyber security and application delivery solutions and in our industry in general, and changes in the competitive landscape; our ability to develop new solutions and enhance existing solutions; the impact to our reputation and business in the event of real or perceived shortcomings, defects, or vulnerabilities in our solutions, if our end-users experience security breaches, if our information technology systems and data, or those of our service providers and other contractors, are compromised by cyber-attackers or other malicious actors or by a critical system failure; outages, interruptions, or delays in hosting services; the risks associated with our global operations, such as difficulties and costs of staffing and managing foreign operations, compliance costs arising from host country laws or regulations, partial or total expropriation, export duties and quotas, local tax exposure, economic or political instability, including as a result of insurrection, war, natural disasters, and major environmental, climate, or public health concerns, such as the COVID-19 pandemic; our net losses in the past two years and possibility we may incur losses in the future; a slowdown in the growth of the cyber security and application delivery solutions market or in the development of the market for our cloud-based solutions; long sales cycles for our solutions; risks and uncertainties relating to acquisitions or other investments; risks associated with doing business in countries with a history of corruption or with foreign governments; changes in foreign currency exchange rates; risks associated with undetected defects or errors in our products; our ability to protect our proprietary technology; intellectual property infringement claims made by third parties; laws, regulations, and industry standards affecting our business; compliance with open source and third-party licenses; 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 the new partnership between Radware and Lightpath about?

Radware and Lightpath have entered an agreement where Lightpath will use Radware's AI-powered DefensePro® DDoS Protection to offer customers a DDoS scrubbing service.

What are the benefits of Radware's DefensePro® DDoS Protection?

Radware's DefensePro® DDoS Protection uses advanced behavioral algorithms to block harmful traffic and ensure network security without disrupting legitimate traffic.

How does Radware's partnership with Lightpath affect cybersecurity?

The partnership enhances cybersecurity by providing advanced DDoS protection services that adapt to complex threats, ensuring network reliability and performance.

Why is Radware's DefensePro® considered advanced?

Radware's DefensePro® is considered advanced due to its use of AI-powered algorithms that can automatically detect and mitigate threats in real-time.

What recognition has Radware received for its security solutions?

Radware has been recognized by industry analysts such as Aite-Novarica Group, Forrester Research, and Gartner for its market-leading cyber security solutions.

What challenges might Radware face with the new MSSP agreement?

Radware may face increased operational complexities and costs due to growing cybersecurity demands and potential overreliance on AI technology.

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